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PesoRama Inc. (TSXV: PESO), a Canadian operator of dollar stores in Mexico under the JOi Dollar Plus Stores banner, released its financial results for the fiscal year ended January 31, 2025. The company reported a 14% increase in total sales compared to the previous year, with same-store sales rising 16% during the period, reflecting continued expansion efforts and evolving consumer demand.
Sales reached CAD 23.45 million for the year, up from CAD 20.57 million in FY2024. The growth was attributed to organic improvements in existing stores and the addition of two new store locations in Mexico City during the final quarter of the fiscal year. Store profits for the year climbed 60% to CAD 2.71 million, an increase of CAD 1.02 million compared to FY2024.
Gross profits for the year grew by 26% to CAD 8.79 million, while product gross margins improved by 2.1 percentage points to 44.5%. The margin expansion was supported by a broader assortment of merchandise categories and favorable sales performance relative to cost increases. The average ticket size also increased by 9.3%, which the company attributed to increased customer demand and a wider product mix.
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