Welcome to our dedicated page for Pricesmart news (Ticker: PSMT), a resource for investors and traders seeking the latest updates and insights on Pricesmart stock.
PriceSmart Inc (NASDAQ: PSMT) operates membership-based warehouse clubs across Latin America and the Caribbean, combining global retail expertise with localized market strategies. This page serves as the definitive source for official company announcements and analysis-driven updates.
Access curated press releases covering quarterly earnings, club expansions, leadership updates, and merchandise strategy changes. Investors will find essential information about PSMT's growth in emerging markets like Colombia, while analysts can track operational adaptations to regional economic conditions.
All content is verified through primary sources to ensure accuracy. Key focus areas include membership program developments, supply chain optimizations, and competitive positioning against international retailers. Bookmark this page for real-time updates on PSMT's strategic initiatives and market performance metrics.
PriceSmart (NASDAQ: PSMT) has announced a change in its first quarter fiscal 2025 earnings release schedule. The company will now release financial results on January 8, 2025 after market close, instead of January 9, due to SEC closure in honor of former President Carter.
The earnings conference call remains scheduled for January 10, 2025, at 12:00 p.m. Eastern time. A digital replay will be available until January 17, 2025.
PriceSmart currently operates 54 warehouse clubs across 12 countries and one U.S. territory, with plans to expand to 56 locations by adding new clubs in Cartago, Costa Rica (spring 2025) and Quetzaltenango, Guatemala (summer 2025).
PriceSmart (NASDAQ: PSMT) has announced it will release its first quarter fiscal 2025 financial results on January 9, 2025, after market close. The company will host a conference call on January 10, 2025, at 12:00 p.m. Eastern time to discuss the results.
Currently operating 54 warehouse clubs across 12 countries and one U.S. territory, PriceSmart plans to expand with two new locations: one in Cartago, Costa Rica (spring 2025) and another in Quetzaltenango, Guatemala (summer 2025), which will bring their total to 56 warehouse clubs.
PriceSmart (NASDAQ: PSMT) reported strong fiscal Q4 2024 results with total revenues increasing 9.6% to $1.23 billion. Net merchandise sales grew 9.5% to $1.19 billion, while comparable sales rose 6.2%. Net income surged 89.0% to $29.1 million, or $0.94 per diluted share. For the full fiscal year 2024, total revenues increased 11.4% to $4.91 billion, with net income up 27.2% to $138.9 million ($4.57 per diluted share). The company announced plans to build its seventh warehouse club in Quetzaltenango, Guatemala, expected to open in summer 2025.
PriceSmart (NASDAQ: PSMT) has announced its plans to release financial results for the fourth quarter of fiscal year 2024 on Wednesday, October 30, 2024, after market close. The company will host a conference call on Thursday, October 31, 2024, at 12:00 p.m. Eastern time to discuss these results. Interested parties can join the call using the provided toll-free numbers.
PriceSmart, headquartered in San Diego, operates 54 U.S.-style membership shopping warehouse clubs across 12 countries and one U.S. territory in Latin America and the Caribbean. The company plans to open a new warehouse club in Cartago, Costa Rica in spring 2025, which will bring their total to 55 locations.
PriceSmart (NASDAQ: PSMT) announced its fiscal 2024 third-quarter results, highlighting a 12.1% increase in total revenues to $1.23 billion from $1.10 billion in the prior year. Net merchandise sales grew by 11.6% to $1.19 billion, positively impacted by foreign currency exchange rates. Comparable net merchandise sales for stores open over 13.5 months rose 7.8%, with constant currency sales up 5.6%.
Operating income increased to $49.9 million from $43.1 million last year, while net income improved 9.9% to $32.5 million, or $1.08 per diluted share. Adjusted EBITDA reached $71.0 million, up from $63.9 million. Year-to-date, revenues grew 12% to $3.69 billion, and net income rose 17% to $109.8 million, or $3.62 per diluted share. Comparable net merchandise sales for the year-to-date rose 8.2%, with constant currency sales up 5%. The company operates 54 warehouse clubs across 12 countries and one U.S. territory, with plans to open a new club in Costa Rica in 2025.
PriceSmart (NASDAQ: PSMT) has released its fiscal year 2023 Environmental and Social Responsibility (ESR) report, highlighting the company's commitment to sustainability and community impact.
The report details PriceSmart's initiatives in environmental stewardship, social responsibility, and corporate governance, including employee development, energy conservation, and supply chain optimization. The company has received global recognition as one of Newsweek's Top 100 Global Most Loved Workplaces for 2022 and 2023.
Key efforts include expanding solar energy production, recycling stations, nearshoring the supply chain, and supporting women-led businesses in Central America. Additionally, PriceSmart is enhancing its employee volunteerism programs.
PriceSmart will release its third-quarter fiscal 2024 financial results on July 10, 2024, followed by a conference call on July 11, 2024.
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