PSMT - PriceSmart Non-GAAP EPS of $1.25 beats by $0.13 revenue of $1.14B beats by $10M
2023-04-10 16:02:07 ET
- PriceSmart press release ( NASDAQ: PSMT ): Q2 Non-GAAP EPS of $1.25 beats by $0.13 .
- Revenue of $1.14B (+9.6% Y/Y) beats by $10M .
- The Company had 50 warehouse clubs in operation as of February 28, 2023 compared to 49 warehouse clubs in operation as of February 28, 2022.
- Comparable net merchandise sales for the 49 warehouse clubs that have been open for greater than 13 ½ calendar months increased 8.5% for the 13-week period ended March 5, 2023 compared to the comparable 13-week period of the prior year.
- New Club Growth: PriceSmart has purchased land and plans to open its fourth warehouse club in El Salvador, located in Santa Ana, approximately 40 miles west from the nearest club in the capital of San Salvador. The club will be built on a five-acre property and is anticipated to open in early 2024. Once this new club is open, PriceSmart will operate 54 warehouse clubs.
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PriceSmart Non-GAAP EPS of $1.25 beats by $0.13, revenue of $1.14B beats by $10M