XRT - Warehouse Clubs Operator PriceSmart Soars on Strong Q2 Rewards Shareholders With Special Dividend | Benzinga
PriceSmart, Inc. (NASDAQ:PSMT) shares are trading higher after it reported second-quarter FY24 results.
Revenue increased 13.1% Y/Y to $1.29 billion, beating the consensus of $1.28 billion.
Net merchandise sales rose 13.0% Y/Y (+9.0% Y/Y in constant currency) to $1.26 billion, with foreign currency exchange rate fluctuations impacting positively by $44.2 million.
Comparable net merchandise sales for the 50 warehouse clubs, open for over 13 ½ calendar months, rose 8.8% for the 13 weeks ...