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PesoRama Reports 2026 Q2 Financial Results
Newsfile· 2025-09-25 12:00
Core Insights - PesoRama Inc. reported strong financial results for Q2 Fiscal 2026, highlighting a 20% increase in total sales and a 5% rise in same store sales, demonstrating the resilience of its business model despite currency challenges [2][5][6] Financial Performance - Total sales increased by 20% in 2025 compared to 2024, reaching approximately $6,097,750 [5][6] - Product gross margins improved by 3.2%, rising to 46% from 42.8% due to a decrease in per unit inventory costs [5][6] - Average ticket size increased by 20.2%, reflecting heightened demand and an expanded product assortment [2][5][6] - Same store sales grew by 5% in 2025 compared to 2024, indicating strong customer demand and effective execution at existing locations [5][6] Expansion and Growth Strategy - The company successfully closed a $6.8 million oversubscribed equity financing to support its growth strategy and store expansion [2][5][6] - PesoRama opened three new stores in 2025, bringing the total to 28 locations, which are strategically placed in high-density, high-traffic areas [6][8]
PesoRama Announces Grand Opening of Stores #29 and #30
Newsfile· 2025-09-24 19:14
Core Insights - PesoRama Inc. is set to open two new stores in Mexico, expanding its footprint in the dollar store market [1][4] - The new locations are strategically positioned in high-traffic areas to enhance accessibility for consumers [4] Store Details - Store 29 is located in Roma Norte, covering 6,340 square feet, and is expected to open in November 2025 [2] - Store 30 will be situated approximately 1 km from Zócalo in downtown Mexico City, with a size of 6,620 square feet, also targeting a November 2025 opening [3] Company Overview - PesoRama operates under the JOi Dollar Plus brand and has been active since 2019, focusing on high-density, high-traffic locations in Mexico [7] - The company currently has 28 stores, with the upcoming openings bringing the total to 30, offering a variety of merchandise including household goods, pet supplies, and snack items [7]
PesoRama Announces Grants of Stock Options and Issuance of Shares
Newsfile· 2025-08-22 21:48
Core Points - PesoRama Inc. has granted a total of 10,400,000 incentive stock options at a price of $0.23 per share and will issue 656,250 common shares at $0.20 per share as part of a debt settlement totaling $131,250 [1][3] - The stock options are exercisable for five years and are subject to vesting provisions determined by the Board of Directors [2] - The debt settlement is subject to corporate and regulatory approvals, including from the TSX Venture Exchange, and will involve insiders receiving shares, qualifying as a related party transaction [3] Company Overview - PesoRama operates dollar stores in Mexico under the JOi Dollar Plus brand, having launched in 2019 in Mexico City and surrounding areas [4] - The company targets high-density, high-traffic locations and currently operates 28 stores offering a variety of merchandise including household goods, pet supplies, seasonal products, and more [4]
PesoRama Announces Grand Opening of Store #28 on July 24th in Agricola Oriental
Newsfile· 2025-07-16 21:30
Core Points - PesoRama Inc. is set to open its 28th store in Agrícola Oriental, Mexico, on July 24, 2025, enhancing its presence in the market [1][3] - The new store spans 502 square meters and is strategically located within the Hospital de la Luz complex, opposite a subway station, ensuring high foot traffic [2] - The company aims to expand further in high-density areas to increase accessibility for consumers seeking everyday essentials [3][7] Company Overview - PesoRama operates under the JOi Dollar Plus brand, focusing on value dollar store retailing in Mexico [7] - Since its launch in 2019, the company has targeted high-density, high-traffic locations, currently operating 27 stores with the upcoming 28th store [7] - The merchandise includes household goods, pet supplies, seasonal products, health and beauty items, and snack foods, catering to a wide range of consumer needs [7]
PesoRama Announces $5 Million LIFE Offering
Newsfile· 2025-06-10 11:18
Core Viewpoint - PesoRama Inc. is conducting a non-brokered private placement to raise up to $5 million through the sale of 33,333,333 units at a price of $0.15 per unit, aimed at store expansion and working capital [1][3]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one common share purchase warrant, with warrants exercisable for 24 months from 60 days after the closing date [1]. - The closing of the offering is expected around June 26, 2025, subject to necessary approvals, including from the TSX Venture Exchange [6]. - The offering will be available in all Canadian provinces except Québec, and securities issued to Canadian residents will not be subject to a hold period [4]. Group 2: Insider Participation and Fees - Insiders may participate in the offering, with their units subject to a four-month hold period, and such participation will be considered a related party transaction [7]. - The company will pay a fee of 1% of gross proceeds to Markette Ventures Inc. for facilitating the offering through a digital platform [8]. - Additional fees may be paid to eligible finders, including a cash fee of up to 7% of gross proceeds and non-transferable warrants equal to up to 7% of the units issued [9][10]. Group 3: Company Background - PesoRama operates dollar stores in Mexico under the JOi Dollar Plus brand, targeting high-density, high-traffic locations since its launch in 2019 [12]. - The company currently operates 25 stores offering a variety of merchandise, including household goods, pet supplies, and snack foods [12].
PesoRama Announces Grand Opening of Store #26 on April 26th in City Shops Del Valle
Newsfile· 2025-04-24 12:55
Company Overview - PesoRama Inc. operates dollar stores in Mexico under the JOi Dollar Plus brand, having launched operations in 2019 in Mexico City and surrounding areas [6] - The company currently has 25 stores, with the 26th store set to open on April 26, 2025 [6] Store Opening Details - The new store (26) is located in the City Shops del Valle mall, covering an area of 406 square meters [2] - This location is strategically positioned in a neighborhood known for its established commercial activity and higher-income residents, providing a strong customer base [2] Expansion Strategy - The CEO of PesoRama, Rahim Bhaloo, emphasized that the opening of the 26th store is a positive indicator for the company's overall expansion and accessibility to Mexican consumers [3] - The company is targeting multiple new locations with high customer density to drive continued growth and success [3]