PriceSmart shares show momentum as the company reports a 13.8% jump in net merchandise sales and $1.21 in quarterly earnings, bolstered by a growing footprint of 59 warehouse clubs across 12 countries.
PriceSmart demonstrated strong operational performance in fiscal Q4, highlighted by a 13.8% increase in net merchandise sales and 12.2% growth in comparable net merchandise sales. The company achieved earnings per diluted share of $1.21, supported by its expansion strategy which includes the recent opening of its third warehouse club in Jamaica.
The earnings per diluted share for the period was $1.21.
PriceSmart operates 59 warehouse clubs across 12 countries.
PriceSmart, Inc. posted strong fiscal fourth-quarter results, highlighted by a 13.8% increase in net merchandise sales and 12.2% growth in comparable sales. The warehouse club operator reported earnings per diluted share of $1.21, supported by continued international expansion including the opening of a third location in Jamaica.
PriceSmart reported net merchandise sales growth of 13.8%, comparable sales growth of 12.2%, and earnings per diluted share of $1.21.