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PSMT - PriceSmart's comparable net merchandise sales down 1.7% in December
PriceSmart Inc.
PriceSmart (PSMT) reports December merchandise sales increased 2.8% Y/Y to $372.6M. Comparable merchandise sales fell 1.7%.Foreign currency exchange fluctuations impacted merchandise sales negatively by 2.9%.Click & Go service, including curbside pickup and delivery, contributed ~2.8% of total net merchandise sales for the month.There were 47 warehouse clubs in operation at the end of December vs. 45 warehouse clubs in operation a year ago.