PSMT - PriceSmart Earnings: What to Watch
Investors have been cautiously optimistic about the turnaround plan that new CEO Sherry Bahrambeygui and her executive team have in place for PriceSmart (NASDAQ: PSMT). In late October, the international warehouse club reported decent results for the fourth quarter of fiscal 2019, posting modest growth in sales and operating earnings. The retailer hopes to start seeing concrete benefits from its investments in its stores during the new fiscal year, even as its newest warehouse launches eat into sales metrics at more-established stores.
With those big-picture trends in mind, let's look at a few metrics to watch when PriceSmart reports its fiscal first-quarter results on Jan. 9.