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PSMT - PriceSmart Logs an Encouraging Uptick in Membership Renewal Rates
PriceSmart Inc.
Thanks to PriceSmart's (NASDAQ: PSMT) practice of issuing monthly sales results, investors already had a good idea about what to expect from its fiscal first-quarter earnings report. The international warehouse club retailer is enjoying steady, but meager, sales growth thanks to the combination of a rising store base and slightly higher spending at existing locations.
PriceSmart added context around that big-picture trend with its second-quarter announcement this week while showing encouraging progress toward faster earnings gains.