PesoRama Reports 2026 Q1 Financial Results
PesoRama (TSXV: PESO), a Canadian company operating dollar stores in Mexico under the JOi Dollar Plus Stores brand, reported mixed Q1 2026 financial results. While total sales in Canadian dollars decreased by 4% to $5.53 million, local currency (MXN) sales grew by 10% year-over-year. The company maintained stable gross profit at $1.94 million, with product gross margins improving slightly to 46.3%.
Notable metrics include a 19.3% increase in average ticket and 2% growth in same-store sales. The company expanded its presence with two new store openings (#26 and #27) and announced a $5 million non-brokered LIFE Offering to fund continued store expansion and working capital needs.
PesoRama (TSXV: PESO), una società canadese che gestisce negozi a basso costo in Messico con il marchio JOi Dollar Plus Stores, ha riportato risultati finanziari misti per il primo trimestre del 2026. Sebbene le vendite totali in dollari canadesi siano diminuite del 4% a 5,53 milioni di dollari, le vendite in valuta locale (MXN) sono cresciute del 10% su base annua. L'azienda ha mantenuto un margine lordo stabile a 1,94 milioni di dollari, con un leggero miglioramento dei margini lordi sui prodotti al 46,3%.
Tra i dati più rilevanti si segnala un aumento del 19,3% del ticket medio e una crescita del 2% delle vendite comparabili. L'azienda ha ampliato la sua presenza con l'apertura di due nuovi negozi (#26 e #27) e ha annunciato un'offerta LIFE non intermediata da 5 milioni di dollari per finanziare l'espansione continua dei negozi e le esigenze di capitale circolante.
PesoRama (TSXV: PESO), una empresa canadiense que opera tiendas de dólar en México bajo la marca JOi Dollar Plus Stores, reportó resultados financieros mixtos para el primer trimestre de 2026. Aunque las ventas totales en dólares canadienses disminuyeron un 4% hasta 5.53 millones, las ventas en moneda local (MXN) crecieron un 10% interanual. La compañía mantuvo un margen bruto estable en 1.94 millones, con un ligero aumento en los márgenes brutos de productos al 46.3%.
Entre las métricas destacadas se incluye un aumento del 19.3% en el ticket promedio y un crecimiento del 2% en ventas comparables. La empresa amplió su presencia con la apertura de dos nuevas tiendas (#26 y #27) y anunció una oferta LIFE sin intermediarios por 5 millones para financiar la expansión continua de tiendas y las necesidades de capital de trabajo.
PesoRama (TSXV: PESO)는 멕시코에서 JOi Dollar Plus Stores 브랜드로 달러 스토어를 운영하는 캐나다 기업으로, 2026년 1분기 재무 실적이 혼재되었습니다. 총 매출은 캐나다 달러 기준으로 4% 감소한 553만 달러였으나, 현지 통화(MXN) 매출은 전년 대비 10% 증가했습니다. 회사는 194만 달러의 안정적인 총이익을 유지했으며, 제품 총마진은 소폭 상승하여 46.3%를 기록했습니다.
주요 지표로는 평균 구매액이 19.3% 증가하고 동일 점포 매출이 2% 성장한 점이 있습니다. 회사는 두 개의 신규 매장(#26 및 #27)을 오픈하며 입지를 확장했고, 지속적인 매장 확장과 운전자본 필요 자금을 위해 500만 달러 규모의 비중개 LIFE 공모를 발표했습니다.
PesoRama (TSXV : PESO), une entreprise canadienne exploitant des magasins à bas prix au Mexique sous la marque JOi Dollar Plus Stores, a publié des résultats financiers mitigés pour le premier trimestre 2026. Alors que les ventes totales en dollars canadiens ont diminué de 4 % pour atteindre 5,53 millions, les ventes en monnaie locale (MXN) ont augmenté de 10 % en glissement annuel. L'entreprise a maintenu un bénéfice brut stable à 1,94 million, avec une légère amélioration des marges brutes sur les produits, à 46,3 %.
Parmi les indicateurs notables figurent une augmentation de 19,3 % du ticket moyen et une croissance de 2 % des ventes comparables. L'entreprise a étendu sa présence avec l'ouverture de deux nouveaux magasins (#26 et #27) et a annoncé une émission LIFE non intermédiée de 5 millions pour financer l'expansion continue des magasins et les besoins en fonds de roulement.
PesoRama (TSXV: PESO), ein kanadisches Unternehmen, das in Mexiko unter der Marke JOi Dollar Plus Stores Dollar-Läden betreibt, meldete gemischte Finanzergebnisse für das erste Quartal 2026. Während der Gesamtumsatz in kanadischen Dollar um 4 % auf 5,53 Millionen Dollar sank, wuchsen die Umsätze in der Lokalwährung (MXN) im Jahresvergleich um 10 %. Das Unternehmen hielt den Bruttogewinn stabil bei 1,94 Millionen Dollar, wobei sich die Bruttomargen der Produkte leicht auf 46,3 % verbesserten.
Bemerkenswerte Kennzahlen sind ein 19,3 % höherer durchschnittlicher Einkaufswert und ein 2 % Wachstum bei den vergleichbaren Filialumsätzen. Das Unternehmen erweiterte seine Präsenz durch die Eröffnung von zwei neuen Filialen (#26 und #27) und kündigte eine 5-Millionen-Dollar-nicht vermittelte LIFE-Emission an, um die weitere Expansion der Filialen und den Kapitalbedarf zur Finanzierung des Geschäftsbetriebs zu unterstützen.
- Local currency sales increased by 10% year-over-year
- Product gross margins improved by 0.2% to 46.3%
- Average ticket increased by 19.3%
- Same store sales grew by 2%
- Opened two new store locations expanding retail footprint
- Secured $5 million LIFE Offering for expansion and working capital
- Total sales decreased 4% to $5.53 million due to Mexican peso depreciation
- Gross profit remained flat at $1.94 million due to foreign exchange impact
- Product gross margins increased by
0.2% to46.3% - Total sales increased by
10% in 2025 compared to 2024 (i) - Same store sales increased by
2% in 2025 compared to 2024 (i) - Average ticket increased by
19% in 2025 compared to 2024 - Announced
$5 million non-brokered LIFE Offering to fund continued store expansion and working capital needs
Toronto, Ontario--(Newsfile Corp. - June 27, 2025) - 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, 2025 ("Q1 Fiscal 2026"). All financial figures are in Canadian dollars unless otherwise noted.
"As the only true dollar store company in Mexico, we are constantly innovating and pushing the boundaries of what is possible," said Rahim Bhaloo, Founder, CEO, and Chairman of the Board of PesoRama. "Our Q1 results demonstrate the resilience of our business model and continued demand for our value offering, despite currency headwinds. Average ticket increased by
Key Highlights: 2026 Q1 vs 2025 Q1
- Total sales decreased by
4% to$5,533,533 , due to the depreciation of the Mexican peso relative to the Canadian dollar. In local currency (MXN), sales increased by approximately10% year-over-year, reflecting continued organic growth and new store openings. - Gross profit remained consistent at
$1,941,647 , compared to$1,943,290 in Q1 2025, as operational gains were offset by the impact of foreign exchange. - Product gross margins increased by
0.2% from$2,647,862 or46.1% to$2,560,915 or46.3% due to a decrease in the per unit cost of inventory. - Announced
$5 million non-brokered private placement (LIFE Offering) to support store expansion and working capital.
(i) same store sales stated in local currency
Other Performance Metrics: 2026 Q1 vs 2025 Q1
- Average ticket increased by
19.3% as a result of increase in demand and increased product assortment - Same store sales increased by
2% compared to Q1 2025, reflecting ongoing customer demand and strong execution at existing locations.
Key Achievements 2025
- On April 26, 2025 the Company opened store #26; a 406 square meter location inside the "City Shops del Valle" mall in the Del Valle neighborhood.
- On May 31 the Company opened store #27, a 481 square meter location inside the "Patio Martin Carrera" mall in the Martin Carrera neighborhood.
- Subsequent to quarter end, PesoRama announced a
$5 million non-brokered private placement (LIFE Offering) to support continued store expansion and working capital.
This earnings news release should be read in conjunction with the Company's consolidated financial statements for the three months ended April 30, 2025, which can be found on PesoRama's issuer profile on SEDAR at www.sedarplus.ca.
About PesoRama Inc.
PesoRama, operating under the JOi Dollar Plus Stores brand, is a Mexican value dollar store retailer. PesoRama launched operations in 2019 in Mexico City and the surrounding areas targeting high density, high traffic locations. PesoRama's 27 stores offer consistent merchandise offerings which include items in the following categories: household goods, pet supplies, seasonal products, party supplies, health and beauty, snack food items, confectionery and more.
For further information please contact:
Rahim Bhaloo
Founder, CEO and Chairman of the Board
rahim@rahimbhaloo.com
416-816-3291
Non-IFRS Measures
There are measures included in this news release that do not have a standardized meaning under international financial reporting standards (IFRS) and therefore may not be comparable to similarly titled measures and metrics presented by other publicly traded companies. The Company includes these measures because it believes certain investors use them as a means of assessing financial performance. Adjusted gross margin, EBITDA and Adjusted EBITDA are financial measures that do not have a standardized meaning under IFRS. EBITDA is defined as earnings before interest, taxes, depreciation, and amortization. Adjusted EBITDA refers to earnings before interest, taxes, depreciation, amortization, stock-based compensation, one-time transaction expenses and financing costs. Adjusted gross margin is defined as gross profit plus distribution costs divided by sales.
We prepare and release quarterly unaudited and annual audited financial statements prepared in accordance with IFRS. We also disclose and discuss certain non-GAAP (Generally Accepted Accounting Principles) financial information used to evaluate our performance in this and other earnings releases and investor conference calls as a complement to results provided in accordance with IFRS. We believe that current shareholders and potential investors in the Company use non-GAAP financial measures, such as adjusted gross margin, EBITDA, and adjusted EBITDA in making investment decisions about the Company and measuring its operational results.
Management believes that investors and financial analysts measure our business on the same basis, and we are providing the adjusted gross margin, operating profit, EBITDA, and adjusted EBITDA as financial metrics to assist in this evaluation and to provide a higher level of transparency into how we measure our own business.
Adjusted EBITDA is more fully defined and discussed, and reconciliation to IFRS financial measures is provided, in Company's Management's Discussion and Analysis ("MD&A") for the year ended January 31, 2025.
Cautionary Note
This press release contains "forward-looking information" within the meaning of applicable securities laws, including, among other things, statements regarding the Company's planned expansion, new store openings and expected future developments and other factors that have been considered appropriate. While the Company believes that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements, including due to changes in consumer behaviour, general economic factors, the ability of the Company to execute its strategies, the availability of capital and the risk factors which are discussed in greater detail in the "Risk Factors" section of the Company's prospectus dated January 31, 2022 and filed under the Company's profile on www.sedarplus.ca. The statements in this press release are made as of the date of this release. PesoRama undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of PesoRama, its securities, or its financial or operating results (as applicable).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257135
FAQ
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