PesoRama (PESO:TSXV)
PesoRama operates 45 dollar stores in Mexico and is targeting ~500 stores over the next five years. Mexico remains highly underpenetrated by dollar stores, creating a significant first-mover opportunity for PESO.
The store economics are compelling, with a 2-3 year payback period and a path to self-funded growth at scale. We expect the Company to open 35 stores in FY27 and 64 in FY28.
Following a significant turnaround, PesoRama is now at an important inflection point, with a stronger balance sheet and accelerating growth.
Investment Summary
Company Description
PesoRama, operating under the JOi Dollar Plus 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 45 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.
Research