PSMT - PriceSmart Packs A Punch: Q3 Earnings Soar Past Estimates with Solid Sales Growth | Benzinga
PriceSmart, Inc. (NASDAQ:PSMT) shares are trading higher after the company reported third-quarter FY24 revenue growth of 12.1% Y/Y to $1.23 billion, beating the consensus of $1.21 billion.
Net merchandise sales grew 11.6% to $1.19 billion in the quarter, and on a constant currency basis, sales increased by 9.1% Y/Y.
Comparable net merchandise sales for the 50 warehouse clubs open for more than 13 ½ calendar months increased 7.8% for the 13 weeks ended June 2, 2024.
Operating income rose to $49.9 million from $43.1 million in the prior year quarter. Adjusted EBITDA stood at $71.0 million vs. $63.9 million in the same period last ...