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PesoRama Reports 2026 Q2 Financial Results
Newsfileยท 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]