PesoRama Reports 2025 Q3 Financial Results
PesoRama Inc (TSXV: PESO), operating dollar stores in Mexico under the JOi Canadian Stores brand, reported strong financial results for Q3 FY2025. Key highlights include a 17% increase in total sales to $16.6M, a 49% rise in gross profits to $6.4M, and a significant 305% surge in store profits to $1.9M compared to the same period last year.
The company's performance was driven by successful multi-price point strategy implementation, resulting in a 3.3% increase in product gross margins to 44.8%. Same-store sales grew by 13%, while store traffic increased by 55%. The company is expanding its presence with its 25th store location secured in Mexico City, scheduled to open in December 2024.
PesoRama Inc (TSXV: PESO), che gestisce negozi a un dollaro in Messico con il marchio JOi Canadian Stores, ha riportato risultati finanziari solidi per il terzo trimestre dell'anno fiscale 2025. Punti salienti includono un aumento del 17% delle vendite totali a $16,6 milioni, un incremento del 49% nei profitti lordi a $6,4 milioni, e un significativo aumento del 305% nei profitti dei negozi a $1,9 milioni rispetto allo stesso periodo dell'anno scorso.
Le performance dell'azienda sono state favorite dall'implementazione riuscita di una strategia a più fasce di prezzo, che ha portato a un incremento del 3,3% nei margini lordi sui prodotti, raggiungendo il 44,8%. Le vendite a negozio costante sono cresciute del 13%, mentre il traffico nei negozi è aumentato del 55%. L'azienda sta ampliando la sua presenza con la 25esima location di negozio già acquisita a Città del Messico, prevista per aprire a dicembre 2024.
PesoRama Inc (TSXV: PESO), que opera tiendas de un dólar en México bajo la marca JOi Canadian Stores, informó resultados financieros sólidos para el tercer trimestre del año fiscal 2025. Puntos destacados incluyen un aumento del 17% en las ventas totales a $16.6 millones, un incremento del 49% en las ganancias brutas a $6.4 millones, y un notable aumento del 305% en las ganancias de las tiendas a $1.9 millones en comparación con el mismo período del año anterior.
El rendimiento de la empresa fue impulsado por una implementación exitosa de una estrategia de precios múltiples, que resultó en un aumento del 3.3% en los márgenes brutos de los productos, alcanzando el 44.8%. Las ventas en tiendas comparables crecieron un 13%, mientras que el tráfico en las tiendas aumentó un 55%. La empresa está expandiendo su presencia con su 25ª ubicación de tienda asegurada en la Ciudad de México, programada para abrir en diciembre de 2024.
페소라마 Inc (TSXV: PESO)는 JOi Canadian Stores 브랜드로 멕시코에서 1달러 상점을 운영하며 2025 회계연도 3분기 강력한 재무 결과를 보고했습니다. 주요 사항에는 총 판매액이 $16.6M로 17% 증가하고, 총 이익이 $6.4M로 49% 상승하며, 점포 이익이 전년 동기 대비 305% 증가한 $1.9M에 달하는 것이 포함됩니다.
회사의 성과는 다단계 가격 전략의 성공적인 시행 덕분에 이뤄졌고, 이로 인해 제품 총 마진이 44.8%로 3.3% 증가했습니다. 동일 점포 매출은 13% 성장했으며, 점포 방문객 수는 55% 증가했습니다. 회사는 멕시코 시티에 25번째 점포 위치를 확보하고 있으며, 2024년 12월에 개장할 예정입니다.
PesoRama Inc (TSXV: PESO), qui exploite des magasins à un dollar au Mexique sous la marque JOi Canadian Stores, a rapporté de solides résultats financiers pour le troisième trimestre de l'exercice 2025. Faits saillants incluent une augmentation de 17 % des ventes totales à 16,6 millions de dollars, une hausse de 49 % des bénéfices bruts à 6,4 millions de dollars, et une augmentation significative de 305 % des bénéfices des magasins à 1,9 million de dollars par rapport à la même période l'année dernière.
La performance de l'entreprise a été soutenue par l'implémentation réussie d'une stratégie multitarif, entraînant une hausse de 3,3 % des marges brutes des produits à 44,8 %. Les ventes dans les mêmes magasins ont augmenté de 13 %, tandis que le trafic en magasin a progressé de 55 %. L'entreprise développe sa présence avec son 25ème emplacement de magasin sécurisé à Mexico, prévu pour ouvrir en décembre 2024.
PesoRama Inc (TSXV: PESO), das 1-Dollar-Läden in Mexiko unter der Marke JOi Canadian Stores betreibt, hat für das dritte Quartal des Geschäftsjahres 2025 starke Finanzergebnisse gemeldet. Wichtige Höhepunkte sind ein Anstieg der Gesamtverkäufe um 17 % auf 16,6 Millionen Dollar, ein Anstieg des Bruttoertrags um 49 % auf 6,4 Millionen Dollar und ein deutlicher Anstieg der Store-Gewinne um 305 % auf 1,9 Millionen Dollar im Vergleich zum gleichen Zeitraum des Vorjahres.
Die Leistung des Unternehmens wurde durch die erfolgreiche Umsetzung einer Mehrpreisstrategie unterstützt, die zu einem Anstieg der Bruttomargen für Produkte um 3,3 % auf 44,8 % führte. Der Umsatz in gleichen Geschäften stieg um 13 %, während der Kundenverkehr um 55 % zunahm. Das Unternehmen erweitert seine Präsenz mit dem 25. Standort in Mexiko-Stadt, der für Dezember 2024 geplant ist.
- Total sales increased 17% to $16.6M
- Store profits surged 305% to $1.9M
- Gross profits rose 49% to $6.4M
- Product gross margins improved by 3.3% to 44.8%
- Same-store sales grew 13%
- Store traffic increased 55%
- Average ticket value up 7.7%
- New store expansion continuing with 25th location secured
- None.
Sales increased by
17% to$16,602,411 Gross profits increased by
49% to$6,361,258 Product gross margins increased by
3.3% to44.8% Store profits increased by
305% to$1,930,505 Same store sales increased by
13% in 2024 compared to 2023
Toronto, Ontario--(Newsfile Corp. - December 17, 2024) - PesoRama Inc. (TSXV: PESO) ("PesoRama" or the "Company"), a Canadian company operating dollar stores in Mexico under the JOi Canadian Stores brand, today announced its financial results for the three and nine months ended October 31, 2024 ("FY 2025 Q2"). 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. "Creating a new market space requires strategic thinking, operational excellence, and execution, which is reflected in our financial results. During the nine months ended October 31, 2024, we saw an increase in-store traffic of
Key Highlights: 2025 Q3 vs 2024 Q3
Multi-price points continue to lead to increased product assortment and increased growth of new product categories across all departments.
Store profits increased by
305% to$1,930,505 for the nine months ended October 31, 2024, an increase of$1,453,701 from the nine months ended October 31, 2023.Total sales increased by
17% to$16,602,411 due to organic growth of existing stores as well as our three new stores opened in November 2023, December 2023 and October 2024.Gross profits increased by
$2,105,624 t o$6,361,258 , primarily driven by an increase in revenue of17% .Product gross margins increased by
3.3% from$5,870,312 or41.5% to$7,431,937 or44.8% due primarily to an increase in revenue from the introduction of the multi-price strategy and assortment mix which resulted in higher sales price per item and increase in demand.On November 5, 2024, the Company entered into a five-year lease agreement for its 25th Joi Dollar Plus store location in Mexico City, which is expected to commence operations in December 2024. The lease covers approximately 352.68m².
Other Performance Metrics: 2025 Q3 vs 2024 Q3
Average ticket increased by
7.7% as a result of increase in demand and increased product assortment mixSame store sales increased by
13% in 2025 Q3 compared to 2024 Q3.
This earnings news release should be read in conjunction with the Company's consolidated financial statements for the three and nine months ended October 31, 2024 as well as the financial statements for the year ended January 31, 2024, which can be found on PesoRama's issuer profile on SEDAR at www.sedarplus.ca.
About PesoRama Inc.
PesoRama, operating under the JOi Canadian 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 23 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 three and nine months ended October 31, 2024.
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/234251
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