Headquartered in San Diego, CA Fiscal year ends August NASDAQ: PSMT pricesmart.com
PriceSmart, Inc. (NASDAQ: PSMT) owns and operates U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean, selling high-quality merchandise and services at low prices to its members. The company operates 59 warehouse clubs across 12 countries and one U.S. territory, including ten each in Colombia and Costa Rica, seven each in Panama and Guatemala, six in the Dominican Republic, four each in Trinidad and El Salvador, three each in Jamaica and Honduras, two in Nicaragua, and one each in Aruba, Barbados, and the United States Virgin Islands. PriceSmart's operating segments are the United States, Central America, the Caribbean, and Colombia. The company is actively expanding its footprint with planned openings in Jamaica, Guatemala, Costa Rica, and its first entry into Chile, which would bring the total to 63 clubs. PriceSmart generates revenue primarily through net merchandise sales and membership income, operating a membership-based model similar to Costco but focused on emerging markets in Latin America and the Caribbean. Updated
Comparable merchandise sales rose 6.2% in constant currency, helped by currency tailwinds, and PriceSmart is taking that momentum into Chile with its first Santiago club next spring. Revenue topped estimates while EPS came in just shy of expectations, with the club count heading to 63.
Warehouse clubs and discount retailers are riding a powerful wave: cost-conscious consumers in emerging markets seeking American-style shopping experiences. As inflation pressures household budgets globally, membership-based warehouse models are proving resilient. We…
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PriceSmart released mixed fiscal third-quarter financial results after the markets closed on Thursday.
Chris Lange PriceSmart reported mixed fiscal third-quarter financial results after the markets closed on Thursday.
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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 shopping warehouse clubs in Latin America and the Caribbean, selling high-quality merchandise and services at low prices to its members.
The Wall Street consensus 12-month price target for PSMT is $181.50.
