Pricesmart Inc

PSMT

Equity

ISIN US7415111092 / Valor 708539

NASDAQ (2024-12-24)

USD 94.57+0.38%

Pricesmart Inc
UMushroom community rating:

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About company

PriceSmart Inc., established by Sol and Robert Price, the founders of The Price Company which later merged with Costco, is a leading operator of membership warehouse clubs in Central America, the Caribbean, and Colombia. Since becoming a publicly traded company in 1997, PriceSmart has expanded its footprint to operate 54 warehouse clubs across 12 countries and one U.S. territory, with plans to open an additional club in Cartago, Costa Rica in early 2025. The company serves over 3 million cardholders, offering a unique retail model that emphasizes value through a carefully selected mix of global and local merchandise. PriceSmart aims to drive growth and enhance member experience by focusing on new real estate developments, including clubs and distribution centers, and by improving its offerings with wellness services such as optical, pharmacy, audiology, and private label products. Additionally, PriceSmart is committed to leveraging technology to develop an omni-channel presence, including enhancing its digital platforms to boost e-commerce sales, thereby providing a comprehensive shopping experience for its members.

Summarized from source with an LLMView SourceSector: Consumer Services

Total Revenue Growth

PriceSmart Inc. reported a significant increase in total revenues for the third quarter of fiscal year 2024, reaching $1.23 billion. This marks a 12.1% growth compared to $1.10 billion in the same period of the previous year.

Net Merchandise Sales

In the third quarter of fiscal year 2024, PriceSmart Inc. saw its net merchandise sales grow by 11.6%, totaling $1.19 billion. This is an increase from $1.07 billion in the third quarter of fiscal year 2023.

Comparable Net Merchandise Sales

PriceSmart Inc. reported a 7.8% increase in comparable net merchandise sales for the 13-week period ended June 2, 2024. This growth is compared to the same 13-week period in the prior year.

Net Income and Earnings Per Share

For the third quarter of fiscal year 2024, PriceSmart Inc. achieved a net income of $32.5 million, or $1.08 per diluted share. This represents a 9.9% increase from the net income of $29.6 million, or $0.94 per diluted share, in the third quarter of fiscal year 2023.

Adjusted EBITDA

PriceSmart Inc.'s adjusted EBITDA for the third quarter of fiscal year 2024 was $71.0 million, showing an improvement from $63.9 million in the same period last year. This indicates a strong operational performance for the company.

Summarized from source with an LLMView Source

Key figures

24.9%1Y

31.1%3Y

30.4%5Y

Performance

24.5%1Y

28.0%3Y

31.6%5Y

Volatility