Headquartered in San Diego, CA·Fiscal year ends August·NASDAQ: PSMT·pricesmart.com
About PriceSmart
PriceSmart, Inc. (NASDAQ: PSMT) owns and operates U.S.-style membership warehouse clubs in Latin America and the Caribbean. The company sells high-quality merchandise and provides services at low prices to its members. PriceSmart operates 57 warehouse clubs across 12 countries and one U.S. territory, including ten in Colombia, nine in Costa Rica, seven each in Panama and Guatemala, six in the Dominican Republic, four each in Trinidad and El Salvador, three in Honduras, two each in Nicaragua and Jamaica, and one each in Aruba, Barbados, and the United States Virgin Islands. The company is actively expanding, with six additional clubs planned across Costa Rica, Jamaica, Guatemala, and Chile, which would bring the total to 63 warehouse clubs. PriceSmart's entry into Chile represents a new market for the company. Updated
Several chain stores will be announcing September same-store sales on after markets close Wednesday, and the projections from research firm Retail Metrics are not upbeat.
ThinkstockIt’s a good thing that the month of January typically accounts for just 20% of most retailers’ fourth quarter sales. This January has been a particularly harsh one, at least as far…
Research firm Retail Metrics released its preliminary estimates for December same-store sales Tuesday morning, along with its fourth-quarter outlook for same-store sales growth. Neither is headed toward the levels expected a month…
ThinkstockThe outlook for retailers reporting September same-store sales on Thursday offers substantial improvement over September 2012, but there are significant downside risks to the early estimates. Research firm Retail Metrics estimates that…
July 11, 2013: U.S. equity markets opened higher this morning, cheered by Fed Chairman Ben Bernanke’s speech after markets closed night. In Asia, the Shanghai exchange soared 3.2%, even though there was…
July 10, 2013: U.S. equity markets opened barely mixed this morning after last night’s downgrade of Italian debt and a report that both China’s exports and imports declined in June. There was little…
July 9, 2013: U.S. equity markets opened higher this morning on a day when there was no economic data due from the U.S. and only a bit from the rest of the…
ThinkstockSame-store retail sales from many of the country’s largest chains are scheduled to hit the tape tomorrow. Sales in March and April rose just 1.4% and 3%, respectively, so the most recent…
PriceSmart, Inc. (NASDAQ: PSMT) owns and operates U.S.-style membership warehouse clubs in Latin America and the Caribbean. The company sells high-quality merchandise and provides services at low prices to its members.
What is the PSMT stock price target?
The Wall Street consensus 12-month price target for PSMT is $166.00.