Business
PesoRama Reports 2027 Q1 Financial Results
Total sales increased by 36% to $7,510,250 compared to 2025 Gross profits increased by 21% t...
About this update from Pesorama Inc
PesoRama Reports 2027 Q1 Financial ResultsTotal sales increased by 36% to $7,510,250 compared to 2025Gross profits increased by 21% to $2,527,806 compared to 2025(i)Average traffic increased by 19% compared to 2025Closed an oversubscribed non-brokered private placement for gross proceeds of over $10 million and a $21 million convertible debenture offering to retire senior debt(ii)Toronto, Ontario--(Newsfile Corp. - June 29, 2026) - PesoRama Inc. (TSXV: PESO) ("PesoRama" or the "Company"), a Canadian company operating dollar stores in Mexico under the JOi Dollar Plus Stores brand, today announced its financial results for the three months ended April 30, 2026 ("Q1 Fiscal 2027"). All financial figures are in Canadian dollars unless otherwise noted."As one of the true dollar store companies in Mexico, we delivered a strong start to fiscal 2027," said Rahim Bhaloo, Founder, CEO and Chairman of the Board of PesoRama. "Total sales grew 36% to $7.5 million, driven by continued demand for our value offering and the contribution of new stores. During and subsequent to the quarter we continued to expand our network across Mexico City, while deepening our presence in the state of Puebla. We remain focused on expanding our footprint, deepening brand loyalty, and delivering long-term value for our shareholders in an underserved market with significant runway ahead."Key Highlights: 2027 Q1 vs 2026 Q1Total sales increased by 36% to $7,510,250, compared to $5,533,533 in Q1 Fiscal 2026, driven by the contribution of new JOi Dollar Plus stores and continued organic growth.Gross profit increased by 21% from $2,085,925 to $2,527,806 (ii), reflecting continued sales growth and improvement in product sourcing.Average traffic increased by 19% as a result of increased demand and increased product assortment.The Company opened four new JOi Dollar Plus stores during the quarter, continuing its expansion across Mexico City and the State of Mexico.Closed an oversubscribed non-brokered private placement for aggregate gross proceeds of $10,048,501.(i) Calculated before inventory write-down provision relating to inventory which is still considered sellable(ii) Includes convertible debentures closed subsequent to the three months ended April 30, 2026 for total gross proceeds of $21MKey Achievements Fiscal Year 2027On February 21, 2026, the Company opened Store #32, a 5,823 square-feet l...