PriceSmart

PriceSmart, Inc. engages in the business of managing membership shopping warehouse club concepts to emerging and developing countries. It operates through the following geographical segments: United States Operations, Central American Operations, Caribbean Operations, and Colombia Operations. The Central America Operations segment includes Panama, Guatemala, Costa Rica, El Salvador, Honduras, and Nicaragua. The Caribbean Operations segment focuses on Dominican Republic, Aruba, Barbados, Trinidad, U.S. Virgin Islands, and Jamaica. The company was founded by Sol Price and Robert E. Price in 1994 and is headquartered in San Diego, CA.

Earnings data Q2 2021

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Earnings data Q4 2024

Earnings data Q1 2025

PriceSmart achieves record Q1 earnings amidst regional challenges and growth

PriceSmart's Q1 2023 showcased robust financial performance, with record net income and strategic growth initiatives.
While facing challenges in Colombia, the company's focus on e-commerce, sustainability, and expansion presents promising opportunities.
Maintaining a strong financial position and addressing market-specific challenges will be crucial for sustained growth and profitability.
Overall, PriceSmart's performance reflects resilience and adaptability in navigating market complexities and driving long-term value.

PriceSmart reports solid Q2 earnings, eyes growth in new markets

PriceSmart delivered strong financial results in Q2 2023, driven by revenue growth, membership expansion, and improved profitability.
Strategic initiatives in Colombia and focus on private label sales demonstrate effective management strategies and customer engagement.
While facing margin pressure and competitive challenges, PriceSmart has opportunities for growth through market expansion and digital enhancement, supported by its commitment to social responsibility.

PriceSmart excels in Q3 with strong sales growth and initiatives

PriceSmart Inc. delivered robust financial performance in Q3 2023, driven by strong net merchandise sales and improved margins.
The company's strategic initiatives focus on growth drivers, social responsibility, and employee engagement to sustain long-term success.
While facing challenges in certain segments, PriceSmart remains well-positioned to capitalize on opportunities for expansion and revenue growth.
Investors can be optimistic about PriceSmart's performance, supported by positive Q4 projections and shareholder-friendly actions.

PriceSmart reports solid earnings, eyes expansion and sustainability initiatives

PriceSmart delivered strong financial results in Q4 2023 and Q1 2024, driven by robust net merchandise sales and revenue margin improvements.
The company's strategic focus on growth initiatives, customer loyalty, and sustainability efforts positions them well for future success and market expansion.
While facing challenges related to one-time costs and market dynamics, PriceSmart has opportunities to optimize operations, expand geographically, and enhance shareholder value.
Clear strategic direction, cost management, and market responsiveness will be crucial for PriceSmart to navigate challenges and capitalize on growth opportunities.

PriceSmart reports robust Q1 earnings, eyes expansion and digital growth

PriceSmart's Q1 2024 performance reflects strong financial results, driven by growth in net merchandise sales, membership accounts, and net income.
The company's focus on private label sales, e-commerce, and sustainability initiatives positions it well for future growth and customer loyalty.
While facing challenges in a competitive market environment, PriceSmart has opportunities to expand its market presence and drive further revenue growth through strategic initiatives.

PriceSmart reports strong Q2 earnings, focuses on growth strategies

PriceSmart's Q2 2024 performance reflects robust revenue growth, operational efficiency, and solid earnings, positioning the company well in the retail sector.
While facing margin pressure and profitability challenges, PriceSmart's strong membership base and cash reserves offer a foundation for future growth and resilience.
Strategic initiatives to optimize margins, enhance customer engagement, and capitalize on financial strength can drive PriceSmart's sustained success and competitiveness.

PriceSmart reports robust Q3 results, eyes growth through memberships

PriceSmart's Q3 2024 performance reflects solid financial results across key metrics, demonstrating growth and operational strength.
The company's focus on membership income, margin improvement, and cost management has contributed to its overall positive performance.
While facing potential challenges in a competitive market environment, PriceSmart also has opportunities for expansion, innovation, and strategic investments.
Overall, PriceSmart's financial position and performance in Q3 position it well for future growth and value creation for shareholders.

PriceSmart reports robust Q4 earnings, eyes growth through loyalty

PriceSmart delivered strong financial performance in Q4 2024, driven by sales growth and operational efficiency.
The company's focus on customer loyalty and strategic initiatives for 2025 position it for future growth.
While economic uncertainties and market challenges exist, PriceSmart's healthy cash position provides stability.
Opportunities for expansion and enhancing customer experience through omnichannel options present avenues for growth.

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PriceSmart, Inc. (NASDAQ:PSMT ) Q3 2024 Earnings Conference Call October 31, 2024 ET Company Participants Michael McCleary - Chief Financial Officer Robert Price - Interim Chief Executive Officer Conference Call Participants Jon Braatz - Kansas City Capital Hector Maya - Scotiabank Operator Good afternoon, everyone, and welcome to PriceSmart, Inc.'s Earnings Release Conference Call for the Fourth Quarter of Fiscal Year 2024, which ended on August 31, 2024. After remarks from our company's representatives, Robert Price, Interim Chief Executive Officer; and Michael McCleary, Chief Financial Officer, you will be given an opportunity to ask questions as time permits.

PriceSmart, Inc. (PSMT) Q3 2024 Earnings Call Transcript

NET MERCHANDISE SALES GREW 9.5 % COMPARABLE NET MERCHANDISE SALES INCREASED 6.2%  $0.94 EARNINGS PER DILUTED SHARE SAN DIEGO , Oct. 30, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ: PSMT), operator of 54 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal fourth quarter of 2024, which ended on August 31, 2024. Fourth Quarter Financial Results Total revenues for the fourth quarter of fiscal year 2024 increased 9.6% to $1.23 billion compared to $1.12 billion in the same period of the prior year.

PRICESMART ANNOUNCES FISCAL 2024 FOURTH QUARTER OPERATING RESULTS AND PLANS FOR SEVENTH WAREHOUSE CLUB IN GUATEMALA

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SAN DIEGO , Sept. 3, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ: PSMT) plans to release financial results for the fourth quarter of fiscal year 2024 on Wednesday, October 30, 2024, after the market closes.

PriceSmart Announces Earnings Release and Conference Call Details for the Fourth Quarter of Fiscal 2024

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I think PriceSmart is a high-quality growth company at a reasonable price and am long the stock. PriceSmart, the "Costco of Central America," has a solid business model with loyal customers, stable profit margins, and a growing store footprint. PriceSmart primarily operates in Central America and Colombia. It currently has 54 stores and is opening 3-4 stores per year. New stores earn an 11% return on investment.

PriceSmart: Quality Retailer At A Fair Valuation

Are Investors Undervaluing PriceSmart (PSMT) Right Now?

PriceSmart NASDAQ: PSMT has been biding its time for the last few years, growing its network and building leverage for investors. The company is well-positioned within the retail market serving Latin America and the Caribbean, a territory poised to outpace the globe regarding GDP growth.

Why This Retail Stock Is on Track to Hit a Multiyear High

PriceSmart (PSMT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

PriceSmart (PSMT) Upgraded to Buy: Here's Why

PriceSmart's (PSMT) fiscal Q3 results highlight strong growth in comparable net merchandise sales, reflecting the company's effective operational strategies and successful efforts in boosting customer engagement.

PriceSmart (PMST) Q3 Earnings Beat, Comparable Sales Up 7.8%

NET MERCHANDISE SALES GREW 11.6 % COMPARABLE NET MERCHANDISE SALES INCREASED 7.8%  $1.08 EARNINGS PER DILUTED SHARE SAN DIEGO , July 10, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ: PSMT), operator of 54 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal third quarter of 2024, which ended on May 31, 2024. Third Quarter Financial Results Total revenues for the third quarter of fiscal year 2024 increased 12.1% to $1.23 billion compared to $1.10 billion in the comparable period of the prior year.

PRICESMART ANNOUNCES FISCAL 2024 THIRD QUARTER OPERATING RESULTS

SAN DIEGO , June 3, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ: PSMT), operator of 54 warehouse clubs in 12 countries and one U.S. territory, today announced the publication of its fiscal year 2023 Environmental and Social Responsibility (ESR) report.   This comprehensive report provides information on PriceSmart's commitment to sustainability and positively impacting communities and the environment.

PriceSmart Announces Release of its Fiscal Year 2023 Environmental and Social Responsibility (ESR) Report Highlighting Commitment to Sustainability and Community Impact and Conference Call Details for the Third Quarter of Fiscal 2024

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PriceSmart (PSMT) Upgraded to Buy: Here's What You Should Know

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PriceSmart Could Be the Smartest Buy of the Year

PriceSmart, Inc. (NASDAQ:PSMT ) Q2 2024 Earnings Conference Call April 10, 2024 12:00 PM ET Company Participants Michael McCleary - EVP and CFO Robert Price - Interim CEO Conference Call Participants Jon Braatz - Oppenheimer Hector Maya - Scotiabank Operator Good afternoon, everyone, and welcome to PriceSmart Incorporated's Earnings Release Conference Call for the Second Quarter of Fiscal Year 2024, which ended on February 29, 2024. After remarks from our company's representatives, Robert Price, Interim Chief Executive Officer and Michael McCleary, Chief Financial Officer, you will be given an opportunity to ask questions as time permits.

PriceSmart, Inc. (PSMT) Q2 2024 Earnings Call Transcript

NET MERCHANDISE SALES GREW 13.0% COMPARABLE NET MERCHANDISE SALES INCREASED 8.8%  $1.31 EARNINGS PER DILUTED SHARE & ADJUSTED EARNINGS PER  DILUTED SHARE SAN DIEGO , April 9, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ: PSMT), operator of 54 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal second quarter of 2024, which ended on February 29, 2024. Second Quarter Financial Results Total revenues for the second quarter of fiscal year 2024 increased 13.1% to $1.29 billion compared to $1.14 billion in the comparable period of the prior year.

PRICESMART ANNOUNCES FISCAL 2024 SECOND QUARTER OPERATING RESULTS; $1.00 PER SHARE SPECIAL DIVIDEND; PLANS FOR NINTH WAREHOUSE IN COSTA RICA

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Membership clubs have been leading the retail sector in growth, but there is a shadow over the market now. The segment is losing momentum, and sales are expected to slow again in 2024, setting their markets up to correct, given weaker-than-expected results.

News for PriceSmart Stock (PSMT)