PSMT - PriceSmart Tells Investors Its Spending Plan Is Working
PriceSmart (NASDAQ: PSMT) last week announced first-quarter results that kept the warehouse retailer on pace to achieve modest sales and profit growth in fiscal 2020. Yet management is even more encouraged by improvements in metrics such as membership renewal rates, which support long-term revenue gains. This good news more than offsets the few expected headwinds that executives are predicting over the next year.
In a conference call with Wall Street analysts, CEO Sherry Bahrambeygui and her team detailed the biggest of those positive and negative issues for 2020. Below are a few highlights from that presentation.
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