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Nov 30, 2021
Pricesmart Q1 2022 Earnings Report
Pricesmart's first quarter of fiscal year 2022 resulted in increased total revenues, net merchandise sales, and comparable net merchandise sales, driven by a record membership base.
Key Takeaways
PriceSmart reported a strong first quarter, with a 12.6% increase in net merchandise sales and a 9.4% increase in comparable net merchandise sales. The company's membership base reached an all-time high, and diluted earnings per share increased to $0.98.
Net merchandise sales increased by 12.6% compared to the same period last year.
Comparable net merchandise sales grew by 9.4% compared to the prior year period.
The membership base reached an all-time high, with a 12-month trailing renewal rate of 89.0%.
Diluted earnings per share increased to $0.98, compared to $0.90 in the first quarter of fiscal year 2021.
Pricesmart
Pricesmart
Pricesmart Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income