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PUDO Inc. reports FY 2027 first quarter end results
PUDO Inc. ("PUDO" or the "Company") (CSE: PDO) (OTCQB: PDPTF), today filed interim financial results (unaudited) and operational highlights for its first quarter that ended May 31, 2026 ("Q1 FY 2027").
About this update from Pudo, Inc.
TORONTO, July 7, 2026 /CNW/ - PUDO Inc. ("PUDO" or the "Company") (CSE: PDO) (OTCQB: PDPTF), today filed interim financial results (unaudited) and operational highlights for its first quarter that ended May 31, 2026 ("Q1 FY 2027"). "Our first quarter reflects the continued transition of PUDO's business toward higher-value service offerings," said Elliott Etheredge, CEO of PUDO Inc. "While revenue declined compared to the prior year due primarily to the wind-down of our legacy 3PL business and softer parcel volumes in certain services, we delivered a meaningful improvement in gross margin to 37.8% and continued to expand our returns business, which recorded a 22.8% increase in parcel volumes over the prior year. During the quarter, we also expanded our U.S. returns network into the Los Angeles market, advanced enterprise customer integrations, and continued investing in our technology platform to support future growth. We believe these initiatives position PUDO to capitalize on the growing demand for cost-effective, out-of-home delivery and returns solutions across North America." A complete copy of the interim consolidated financial statements and the Management's Discussion and Analysis Report for the three month period ended May 31, 2026, can be found on the CSE website at https://thecse.com/listings/pudo-inc/ and on SEDAR+ at http://www.sedarplus.com/ . About PUDO Inc. PUDO Inc. is North America's only independent parcel pick-up and drop-off counter network. PUDO has created a Network of more than 2,046 storefront partners known as PUDOpoint Counters, strategically located very near to where people live, work and play. PUDO partners with retailers and logistics providers to offer a last-mile pick-up and returns network for ecommerce shoppers that reduces cost, increases convenience and provides package security to the last-mile of package logistics. Visit: www.pudopoint.com. To signup for the PUDO News Feed please subscribe at https://pudopoint.com/investors/ . Information in this press release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws, such as statements regarding estimated revenues from new contracts, increased parcel volume, activation and implementation of PUDO's technology and possible future expansions of PUDO's operations. This information is based...