PSMT - PriceSmart reports 5.2% growth in January net merchandise sales

For January, PriceSmart ([[PSMT]] +1.2%) reported Y/Y growth of 5.2% in net merchandise sales to $267.1M; foreign currency exchange fluctuations impacted net merchandise sales negatively by 3.5%.At the end of the January, the company reported 47 warehouse clubs in operation vs. 45 in year ago month.For the four weeks ended Jan. 24, 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 five months ended Jan. 31, 2021, net merchandise sales increased 6% Y/Y to $1,478.1M with foreign currency exchange rate fluctuations impacting negatively by 3.4%.For the same period, comparable net merchandise sales increased 2.2% Y/Y.

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PriceSmart reports 5.2% growth in January net merchandise sales