PSMT - PriceSmart reports 1.3% growth in February net merchandise sales

For February, PriceSmart (PSMT) reported Y/Y growth of 1.3% in net merchandise sales to $258.7; foreign currency exchange fluctuations impacted net merchandise sales negatively by 3.1%.At the end of the February, the company reported 47 warehouse clubs in operation vs. 45 in year ago month.For the five weeks ended Feb. 28, 2021, comparable net merchandise sales for the 45 warehouse clubs open at least 13 ½ full months increased 2.8% Y/Y.Fiscal YTD, including six months ended Feb. 28, 2021, net merchandise sales increased 5.2% Y/Y to $1,736.8M with foreign currency exchange rate fluctuations impacting negatively by 3.4%.For the twenty-six-week period ended Feb. 28, 2021, comparable net merchandise sales increased 2.3% Y/Y.Seperately, PSMT will release its financial results for FQ2 on April 8, 2021, after the market closes.

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PriceSmart reports 1.3% growth in February net merchandise sales