PesoRama Inc (TSE:PESO) has released an update.
PesoRama Inc. has reported substantial growth in its first-quarter financials, with sales surging by 29% and store profits skyrocketing by 279%. The Canadian company, which operates dollar stores in Mexico, also saw a significant increase in product gross margins by 4.8%, and a notable improvement in its adjusted EBITDA, which saw a reduction in loss by 38%. This performance is attributed to the successful introduction of multi-price points, an expanded product range, and the opening of two new stores.
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