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PSMT - PriceSmart's same-store sales down 5.9% in March
PriceSmart Inc.
PriceSmart (PSMT) reports net merchandise sales increased 0.5% Y/Y to $307.6M in March. Comparable net merchandise sales decreased 5.9% with negative foreign currency exchange impact of 1.4%. The company's Click & Go service, including curbside pickup and delivery, contributed ~3.0% of total net merchandise sales for the month.There were 47 warehouse clubs in operation at the end of March 2021 and 45 warehouse clubs in operation at the end of March 2020.