Welcome to our dedicated page for PesoRama news (Ticker: $PSSOF), a resource for investors and traders seeking the latest updates and insights on PesoRama stock.
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PesoRama (TSXV: PESO) reported its FY 2024 financial results, showcasing strong performance with total sales increasing by 41% to $20.5M and gross profits up by 44% to $7M. The company saw an increase in same-store sales by 14%, and store traffic grew by 15.6%. Store profits surged by 59% to $1.7M, driven by strategic merchandising and product assortment. The product gross margin improved to 42.4%, a 2.3% increase. Key achievements include securing a $20M credit facility and opening two new JOi Dollar Plus stores in Mexico.