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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Markets are preparing for the coming interest rate cycle proposed by the Federal Reserve (the Fed). Though most sectors have priced in this potential pivot, some have yet to reflect this trend higher.

Institutions Think This Consumer Stock Could Break Higher

Costco

Walmart

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.

Membership Clubs Lose Momentum: 3 Stocks to Buy on a Dip

SAN DIEGO , March 1, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ: PSMT) today announced that on February 15, 2024 the Company opened its newest warehouse club in the city of Santa Ana, El Salvador, bringing the total number of warehouse clubs in operation by the Company to 54. The Santa Ana club is the fourth club in El Salvador and was constructed on a five-acre property.

PriceSmart Announces Opening of Fourth Warehouse Club in El Salvador and Earnings Release and Conference Call Details for the Second Quarter of Fiscal 2024

SAN DIEGO , Feb. 2, 2024 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 53 warehouse clubs in 12 countries and one U.S. territory, today announced a 26% increase to its annual dividend and the results of the Company's 2024 annual meeting of stockholders that was held on February 1, 2024. Declaration of Cash Dividend On February 1, 2024, the Company's Board of Directors declared its annual cash dividend in the total amount of $1.16 per share, with $0.58 per share payable on February 29, 2024 to stockholders of record as of February 15, 2024 and $0.58 per share payable on August 30, 2024 to stockholders of record as of August 15, 2024.

PriceSmart Announces 26% Increase to Annual Dividend; Voting Results from the 2024 Annual Meeting of Stockholders

ATLANTA--(BUSINESS WIRE)-- #nrf2024--PriceSmart Inc., the largest operator of membership warehouse clubs in Central America, the Caribbean, and Colombia, announced an addition to its use of solutions provided by RELEX, a provider of unified supply chain and retail planning solutions. In September, PriceSmart began implementing RELEX for advanced forecasting, replenishment, and promotion planning across its extensive network of clubs. Soon after beginning that process, the company also sought a solution to.

PriceSmart, Inc. to Streamline Pricing and Promotion Planning with RELEX Solutions

PriceSmart, Inc. (PSMT) Q1 2024 Earnings Call Transcript

PriceSmart was expected to suffer an earnings decline last quarter. Instead, earnings grew 15.5%.

Why PriceSmart Stock Soared by Nearly 15% This Morning

PriceSmart NASDAQ: PSMT, as good an investment as it is, has struggled to gain traction with price shares, but that struggle is ending. PriceSmart is well-positioned generally but specifically for 2024 because its business centers on EMs in Latin America, growing organically and building leverage via store count and membership growth.

PriceSmart is a smart play for 2024 with multiple tailwinds

NET MERCHANDISE SALES GREW 10.7% COMPARABLE NET MERCHANDISE SALES INCREASED 8.0%  $1.24 EARNINGS PER DILUTED SHARE & ADJUSTED EARNINGS PER  DILUTED SHARE SAN DIEGO , Jan. 9, 2024 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 53 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal first quarter of 2024, which ended on November 30, 2023. First Quarter Financial Results Total revenues for the first quarter of fiscal year 2024 increased 10.6% to $1.17 billion compared to $1.05 billion in the comparable period of the prior year.

PRICESMART ANNOUNCES FISCAL 2024 FIRST QUARTER OPERATING RESULTS

PriceSmart has shown strong historical revenue growth and stable margins, with a strong performance in 4Q23. Inflation cooling in Latin America is expected to boost retail spending, providing opportunities for revenue growth. The e-commerce market in the region is experiencing strong growth, and PriceSmart is investing in its digital capabilities to capture this growth.

PriceSmart: Cooling Inflation, Growing E-Commerce And Retail Sales Will Support Future Growth

SAN DIEGO , Dec. 1, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced that on November 30, 2023 the Company opened its newest warehouse club in Escuintla, Guatemala, bringing the total number of warehouse clubs in operation by the Company to 53. The Escuintla club is the sixth club in Guatemala and was constructed on a five-acre property.

PriceSmart Announces Opening of Sixth Warehouse Club in Guatemala and Earnings Release and Conference Call Details for the First Quarter of Fiscal 2024

PriceSmart, Inc. (NASDAQ:PSMT ) Q4 2023 Earnings Conference Call October 31, 2023 12:00 PM ET Company Participants Robert Price - Interim Chief Executive Officer Michael McCleary - Chief Financial Officer Conference Call Participants Hector Maya - Scotiabank Jon Braatz - Kansas City Capital Operator Good afternoon, everyone, and welcome to PriceSmart, Inc.'s Earnings Release Conference Call for the Fourth Quarter of Fiscal Year 2023, which ended on August 31, 2023. After remarks from our Company's representatives, Robert Price, Interim Chief Executive Officer; and Michael McCleary, Chief Financial Officer, you will given an opportunity to ask questions as time permits.

PriceSmart, Inc. (PSMT) Q4 2023 Earnings Call Transcript

NET MERCHANDISE SALES GREW 10.0% COMPARABLE NET MERCHANDISE SALES INCREASED 8.8% $0.49 EARNINGS PER DILUTED SHARE $0.65 ADJUSTED EARNINGS PER  DILUTED SHARE, NET OF $0.30 TAX SETTLEMENT CHARGE SAN DIEGO , Oct. 30, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 52 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal fourth quarter of 2023. Fourth Quarter Financial Results Total revenues for the fourth quarter of fiscal year 2023 increased 9.5% to $1.12 billion compared to $1.02 billion in the comparable period of the prior year.

PRICESMART ANNOUNCES FISCAL 2023 FOURTH QUARTER OPERATING RESULTS

ATLANTA--(BUSINESS WIRE)--PriceSmart, Inc., the largest operator of membership warehouse clubs in Central America, the Caribbean, and Colombia, has chosen RELEX Solutions to enhance its supply chain and retail planning strategies. RELEX, provider of unified supply chain and retail planning solutions, will provide PriceSmart with advanced forecasting, replenishment, and promotion planning capabilities across its extensive network. PriceSmart has a complex product assortment, including ambient an.

PriceSmart, Inc. Selects RELEX Solutions to Optimize Their Supply Chain and Retail Planning

Intercontinental Exchange

Infosys

Coca-Cola Femsa SAB de CV

Nasdaq

Emerging markets have much to offer investors in 2023 and 2024, including globe-leading growth. The emerging markets are expected to more than double their developed counterparts in 2024, and many pay dividends along with the diversification.

5 NYSE-Listed Emerging Market Stocks For Income Investors

Avery Dennison

Salesforce

Shopify

Target

The takeaway from Q2 earnings results for the retail sector is that consumer habits have changed. Once flush with stimulus cash and little to do but spend it, the consumer buys less discretionary items in favor of everyday items like food, health, and personal grooming.

5 Ways to Play Retail that will Profit in 2023

SAN DIEGO , Sept. 5, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced that on September 1, 2023 the Company opened its newest warehouse club in Medellín, Colombia, bringing the total number of warehouse clubs in operation by the Company to 52.

PriceSmart Announces Opening of Tenth Warehouse Club in Colombia and Earnings Release and Conference Call Details for the Fourth Quarter of Fiscal 2023

Vale S.A.

iShares MSCI Emerging Markets ETF

WisdomTree India Earnings Fund

iShares MSCI Brazil ETF

Columbia India Consumer ETF

The MSCI Emerging Markets Index NYSEARCA: EEM is essentially flat for the year, but the signs are growing that a bottom is in, and gains will be made over the next 4 to 6 quarters. Based on the technical indications alone, the market could reverse completely and outpace the S&P 500 NYSEARCA: SPY over the same period.

The Leading Emerging Markets For Market-Beating Gains in 2024

BJ`s Wholesale Club Holdings Inc

One thing is clear from the Q2 retail earnings and guidance. There are winners and losers in the space, and the membership clubs are an area of strength.

How To Profit from these 3 Membership Club Stocks Strength

David Price Appointed Executive Vice President and Chief Transformation Officer Welcomes Wayne Sadin as Chief Information Officer SAN DIEGO, July 28, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) announced today that David Price, formerly the Executive Vice President and Chief of Staff to the Interim CEO, has been appointed as Executive Vice President and Chief Transformation Officer, effective immediately. The Company expects this organizational change will promote better collaboration, alignment, and agility within the Company.

PriceSmart Announces Organizational Changes

PriceSmart, Inc. (NASDAQ:PSMT ) Q3 2023 Earnings Conference Call July 11, 2023 12:00 PM ET Company Participants Michael McCleary - Executive Vice President and Chief Financial Officer Robert Price - Interim Chief Executive Officer and Chairman Conference Call Participants Jon Braatz - Kansas City Capital Victor Cardenas - Scotiabank Operator Good afternoon, everyone, and welcome to PriceSmart, Inc.'s Earnings Release Conference Call for the Third Quarter of Fiscal Year 2023, which ended on May 31st, 2023. 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 2023 Earnings Call Transcript

With emerging markets expected to diverge from developed markets in the 2nd half, PriceSmart NASDAQ: PSMT looks like an intelligent play. According to GlobalXETFs, low valuations and secular growth stories provide structural opportunities for investors.

PriceSmart Pulls Back: A Smart Time To Buy Emerging Markets?

WD-40

Stock market benchmarks were higher on Monday. WD-40 released good financial results that sent shares higher after hours.

These 2 Stocks Were Making Moves After Hours Monday

Shares of PriceSmart Inc. PSMT, +1.85% dropped more than 6% in the extended session Monday after the operator of warehouse-club retail stores mostly in the Caribbean and Central and South America reported fiscal third-quarter sales that matched Wall Street expectations. PriceSmart earned $25.5 million, or 94 cents a share, in the quarter, compared with $19.3 million, or 62 cents a share, in the prior-year period.

PriceSmart stock falls more than 6% after fiscal Q3 earnings

NET MERCHANDISE SALES GREW 7.1% COMPARABLE NET MERCHANDISE SALES INCREASED 5.8% $0.94 EARNINGS PER DILUTED SHARE $1.02 ADJUSTED EARNINGS PER  DILUTED SHARE SAN DIEGO , July 10, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 51 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal third quarter of 2023, which ended on May 31, 2023, and announced a $75 million stock repurchase program. Third Quarter Financial Results Total revenues for the third quarter of fiscal year 2023 increased 6.4% to $1.10 billion compared to $1.03 billion in the comparable period of the prior year.

News for PriceSmart Stock (PSMT)