PriceSmart Announces Earnings Release and Conference Call Details for the Fourth Quarter of Fiscal 2024

Rhea-AI Summary

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.

Positive

• Plans to open a new warehouse club in Cartago, Costa Rica in spring 2025
• Currently operates 54 warehouse clubs across 12 countries and one U.S. territory

Negative

• None.

SAN DIEGO, Sept. 3, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ: PSMT) plans to release financial results for the fourth quarter of fiscal year 2024 on Wednesday, October 30, 2024, after the market closes. PriceSmart management will host a conference call at 12:00 p.m. Eastern time (9:00 a.m. Pacific time) on Thursday, October 31, 2024, to discuss the financial results. Individuals interested in participating in the conference call may do so by dialing toll free (800) 549-8228 or (646) 564-2877 for international callers and asking to join the PriceSmart earnings call. A digital replay will be available shortly following the conclusion of the call through Thursday, November 7, 2024, by dialing (888) 660-6264 for domestic callers or (646) 517-3975 for international callers and entering replay passcode 28615#.

About PriceSmart

PriceSmart, headquartered in San Diego, 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 PriceSmart Members. PriceSmart operates 54 warehouse clubs in 12 countries and one U.S. territory (ten in Colombia; eight in Costa Rica; seven in Panama; six in Guatemala; five in 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). In addition, the Company plans to open one warehouse club in Cartago, Costa Rica in the spring of 2025. Once this new club is open, the Company will operate 55 warehouse clubs.

This press release may contain forward-looking statements concerning PriceSmart, Inc.'s ("PriceSmart", the "Company" or "we") anticipated future revenues and earnings, adequacy of future cash flows, future dividends, omni-channel initiatives, proposed warehouse club openings, the Company's performance relative to competitors and related matters. These forward-looking statements include, but are not limited to, statements containing the words "expect," "believe," "will," "may," "should," "project," "estimate," "anticipated," "scheduled," "intend," and like expressions, and the negative thereof. These statements are subject to risks and uncertainties that could cause actual results to differ materially including, but not limited to: various political, economic and compliance risks associated with our international operations, adverse changes in economic conditions in our markets, natural disasters, volatility in currency exchange rates and illiquidity of certain local currencies in our markets, competition, consumer and small business spending patterns, political instability, increased costs associated with the integration of online commerce with our traditional business, whether the Company can successfully execute strategic initiatives, our reliance on third party service providers, including those who support transaction and payment processing, data security and other technology services, cybersecurity breaches that could cause disruptions in our systems or jeopardize the security of Member, employee or business information, cost increases from product and service providers, interruption of supply chains, novel coronavirus (COVID-19) related factors and challenges, exposure to product liability claims and product recalls, recoverability of moneys owed to PriceSmart from governments, and other important factors discussed in the Risk Factors section of the Company's most recent Annual Report on Form 10-K, and other factors discussed from time to time in other filings with the SEC, which are accessible on the SEC's website at www.sec.gov, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Forward-looking statements speak only as of the date that they are made, and the Company does not undertake to update them, except as required by law. In addition, these risks are not the only risks that the Company faces. The Company could also be affected by additional factors that apply to all companies operating globally and in the U.S., as well as other risks that are not presently known to the Company or that the Company considers to be immaterial.

For further information, please contact Michael L. McCleary, EVP, Chief Financial Officer and Principal Accounting Officer (858) 404-8826 or send an email to ir@pricesmart.com.

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SOURCE PriceSmart, Inc.

FAQ

When will PriceSmart (PSMT) release its Q4 2024 financial results?

PriceSmart (PSMT) plans to release its fourth quarter fiscal year 2024 financial results on Wednesday, October 30, 2024, after the market closes.

When is PriceSmart's (PSMT) Q4 2024 earnings conference call?

PriceSmart's (PSMT) Q4 2024 earnings conference call is scheduled for Thursday, October 31, 2024, at 12:00 p.m. Eastern time (9:00 a.m. Pacific time).

How many warehouse clubs does PriceSmart (PSMT) currently operate?

PriceSmart (PSMT) currently operates 54 warehouse clubs across 12 countries and one U.S. territory in Latin America and the Caribbean.

Where is PriceSmart (PSMT) planning to open a new warehouse club in 2025?

PriceSmart (PSMT) plans to open a new warehouse club in Cartago, Costa Rica in the spring of 2025.