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.

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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.

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PriceSmart reported accelerating sales growth through late February. Earnings are expanding at a slightly faster pace than sales.

Why PriceSmart Stock Was Up This Week

PriceSmart, Inc. (NASDAQ:PSMT ) Q2 2023 Earnings Conference Call April 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 Hector Maya - Scotiabank Jon Braatz - Kansas City Capital Operator Good afternoon, everyone, and welcome to PriceSmart, Inc.'s Earnings Release Conference Call for the Second Quarter of Fiscal Year 2023, which ended on February 28th, 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) Q2 2023 Earnings Call Transcript

Although growth is expected to slow, emerging markets remain attractive for long-term investors, and Latin America is particularly interesting. While growth is expected to slow to 2% in 2023, it is expected to reaccelerate in 2024, and Pricesmart (NASDAQ: PSMT) is in a perfect position to capitalize on it.

PriceSmart: A Smart Play On Emerging Markets

SAN DIEGO, April 10, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 50 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal second quarter of 2023, which ended on February 28, 2023.

PRICESMART ANNOUNCES FISCAL 2023 SECOND QUARTER OPERATING RESULTS AND PLANS FOR FOURTH WAREHOUSE CLUB IN EL SALVADOR

SAN DIEGO , March 14, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced that it has leased land and has plans to open its sixth warehouse club in Guatemala, located in the city of Escuintla, approximately 40 miles south from the nearest club in the capital of Guatemala City. The small format club will be built on a five-acre property and is anticipated to open in the fall of 2023.

PriceSmart Announces Plans for Sixth Warehouse Club in Guatemala and Earnings Release and Conference Call Details for the Second Quarter of Fiscal 2023

SAN DIEGO , Feb. 3, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 50 warehouse clubs in 12 countries and one U.S. territory, today announced a 7.0% increase to its annual dividend, the results of the Company's 2023 annual meeting of stockholders that was held on February 3, 2023 and the appointment of a new director to the Company's Board of Directors. Comments from Robert Price, Interim Chief Executive Officer: "Driven by the strength of our business and cash flows from operations, the Board of Directors has increased the annual dividend by approximately 7.0%.

PriceSmart Announces 7.0% Increase to Semi-Annual Dividend; Voting Results from the 2023 Annual Meeting of Stockholders; Appointment of New Director

Toshiba Corp

PriceSmart is deploying Toshiba Global Commerce Solutions' Elera Commerce Platform in its stores throughout Latin America. The operator of membership warehouse clubs in Latin America and the Caribbean aims to use Toshiba's cloud-enabled technology to transform its customer experience, the companies said in a Monday (Jan. 16) press release.

Warehouse Club PriceSmart Deploying Toshiba's Commerce Platform in Latin America

RESEARCH TRIANGLE PARK, N.C.--( BUSINESS WIRE )--PriceSmart is the first retailer in Latin America to adopt the ELERA TM Commerce Platform from Toshiba Global Commerce Solutions as the international membership warehouse club looks to transform its front-end experience for its members.

PriceSmart Announces Joint Technology Platform Project with Toshiba Global Commerce Solutions

Management is looking to improve efficiency and profitability over the long term.

Why PriceSmart Stock Jumped This Week

PriceSmart, Inc. (NASDAQ:PSMT ) Q1 2023 Earnings Conference Call January 10, 2023 12:00 PM ET Company Participants Michael McCleary - CFO Robert Price - Chairman Conference Call Participants Jon Braatz - Kansas City Capital Hector Maya - Scotiabank Operator Good afternoon, everyone, and welcome to PriceSmart, Inc.'s Earnings Release Conference Call for the First Quarter of Fiscal Year 2023, which ended on November 30th, 2022. After remarks from our Company's representatives Robert Price, Chairman, and Michael McCleary, Chief Financial Officer, you will be given an opportunity to ask questions as time permits.

PriceSmart, Inc. (PSMT) Q1 2023 Earnings Call Transcript

NET MERCHANDISE SALES GREW 8.6% COMPARABLE NET MERCHANDISE SALES INCREASED 5.0% MEMBERSHIP RENEWAL RATE OF 87.9% EPS GREW 7.1% TO RECORD $1.05 SAN DIEGO , Jan. 9, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 50 warehouse clubs in 12 countries and one U.S. territory, today announced results for the first quarter of fiscal year 2023, which ended on November 30, 2022. Comments from Robert E.

PRICESMART ANNOUNCES FISCAL 2023 FIRST QUARTER OPERATING RESULTS

PriceSmart has experienced a bit of pain lately from a share price perspective, but fundamentals remain encouraging. Sales, profits, and cash flows are all rising nicely as the company's roster of members grows.

PriceSmart: Still A Smart Prospect To Consider

SAN DIEGO , Dec. 16, 2022 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) plans to release financial results for the first quarter of fiscal year 2023 on Monday, January 9, 2023, after the market closes. PriceSmart management will host a conference call at 12:00 p.m.

PriceSmart Announces Earnings Release and Conference Call Details for the First Quarter of Fiscal 2023

Sherry Bahrambeygui to Resign as CEO Effective February 3, 2023 Robert Price to Become Interim CEO SAN DIEGO , Dec. 9, 2022 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) announced today that Sherry Bahrambeygui will be resigning as Chief Executive Officer, effective February 3, 2023, the date of the Company's annual stockholder meeting, in order to pursue new professional and philanthropic interests.  Robert Price, the Company's founder and Chairman of the Board, will become Interim Chief Executive Officer.

PriceSmart Announces Leadership Transition

PriceSmart, Inc. (NASDAQ:PSMT ) Q4 2022 Earnings Conference Call November 1, 2022 12:00 PM ET Company Participants Sherry Bahrambeygui - CEO Michael McCleary - CFO Conference Call Participants Jon Braatz - Kansas City Capital Operator Good morning or afternoon, everyone, and welcome to PriceSmart, Incorporated's Earnings Release Conference Call for the Fourth Quarter of Fiscal Year 2022, which ended on August 31, 2022. After remarks from our company's representatives, Sherry Bahrambeygui, Chief Executive Officer; and Michael McCleary, Chief Financial Officer, you will be given an opportunity to ask questions as time permits.

PriceSmart, Inc. (PSMT) Q4 2022 Earnings Call Transcript

NET MERCHANDISE SALES GREW 13.6% COMPARABLE NET MERCHANDISE SALES INCREASED 9.2% MEMBERSHIP BASE AT RECORD HIGH AND RENEWAL RATE OF 88.9% EPS GREW 19% TO $0.75 SAN DIEGO , Oct. 31, 2022 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 50 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal fourth quarter of 2022, which ended on August 31, 2022. Comments from Sherry S.

PRICESMART ANNOUNCES FISCAL 2022 FOURTH QUARTER OPERATING RESULTS

SAN DIEGO , Oct. 11, 2022 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) plans to release financial results for the fourth quarter of fiscal year 2022 on Monday, October 31, 2022, after the market closes. PriceSmart management will host a conference call at 12:00 p.m.

PriceSmart Announces Earnings Release and Conference Call Details for the Fourth Quarter of Fiscal 2022

PriceSmart has seen disappointing growth and margin developments in recent years. The price club has seen tougher trends and faces near term headwinds from inflation and supply chain disruptions.

PriceSmart: Slowly Looking Smarter

PriceSmart, Inc. (NASDAQ:PSMT ) Q3 2022 Results Conference Call July 12, 2022 12:00 PM ET Company Participants Sherry Bahrambeygui - CEO Michael McCleary - CFO Conference Call Participants Rodrigo Echagaray - Scotiabank Operator Good afternoon, everyone, and welcome to PriceSmart, Inc.'s Earnings Release Conference Call for the Third Quarter of Fiscal Year 2022, which ended on May 31, 2022. After remarks from our company's representatives, Ms.

PriceSmart, Inc. (PSMT) CEO Sherry Bahrambeygui on Q3 2022 Results - Earnings Call Transcript

NET MERCHANDISE SALES GREW 16.5% COMPARABLE NET MERCHANDISE SALES GREW 12.8% MEMBERSHIP BASE ACHIEVED RECORD LEVEL STRONG RENEWAL RATE OF 88.9% SAN DIEGO , July 11, 2022 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 50 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal third quarter of 2022, which ended on May 31, 2022. Comments from Sherry S.

PRICESMART ANNOUNCES FISCAL 2022 THIRD QUARTER OPERATING RESULTS AND PLANS FOR THIRD WAREHOUSE CLUB IN EL SALVADOR

PriceSmart, Inc. (NASDAQ:PSMT) is one of the largest owners and operators of U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean.

At What Price Should Investors Buy PriceSmart Stock?

SAN DIEGO , July 5, 2022 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) plans to release third quarter fiscal year 2022 financial results on Monday, July 11, 2022, after the market closes. PriceSmart management will host a conference call at 12:00 p.m.

PriceSmart Announces Earnings Release and Conference Call Details for the Third Quarter of Fiscal 2022

Last week, PriceSmart Inc. ( PSMT , Financial) announced record operating results for the fiscal second quarter of 2022, which ended on Feb. 28, notching net merchandise sales of more than $1 billion for the first time in its history. Yet some question its amount of debt.

PriceSmart's Financials Are Looking Very Smart

PriceSmart, Inc. (PSMT) CEO Sherry Bahrambeygui on Q2 2022 Results - Earnings Call Transcript

NET MERCHANDISE SALES EXCEED $1 BILLION NET MERCHANDISE SALES GREW BY 12.6% COMPARABLE NET MERCHANDISE SALES GREW BY 10.3% MEMBERSHIP BASE AND RENEWAL RATE INCREASED TO RECORD LEVELS OPERATING INCOME INCREASED BY 7.4% $1.03 DILUTED EARNINGS PER SHARE SAN DIEGO , April 7, 2022 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 49 warehouse clubs in 12 countries and one U.S. territory, today announced record operating results for the fiscal second quarter of 2022, which ended on February 28, 2022. Comments from Sherry S.

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