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Pricesmart
🇺🇸 NASDAQ:PSMT
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•
Nov 30, 2022

Pricesmart Q1 2023 Earnings Report

Pricesmart's first quarter of fiscal year 2023 resulted in increased total revenues, net merchandise sales, and comparable net merchandise sales, despite negative currency impacts. Membership accounts and income also grew, with a high membership renewal rate.

Key Takeaways

PriceSmart reported a solid first quarter with total revenues exceeding $1.0 billion. Net merchandise sales increased by 8.6%, and comparable net merchandise sales increased by 5.0%. EPS grew 7.1% to $1.05.

Total revenues increased by 8.1% to $1.05 billion compared to the prior year.

Net merchandise sales increased by 8.6% to $1.03 billion.

Comparable net merchandise sales increased by 5.0%.

Net income attributable to PriceSmart grew 7.9% to $32.9 million, or $1.05 per diluted share.

Total Revenue
$1.06B
Previous year: $975M
+8.2%
EPS
$1.05
Previous year: $0.98
+7.1%
Gross Profit
$186M
Previous year: $170M
+9.1%
Cash and Equivalents
$268M
Previous year: $176M
+52.2%
Free Cash Flow
$6.52M
Previous year: -$43.1M
-115.1%
Total Assets
$1.89B
Previous year: $1.79B
+5.5%

Pricesmart

Pricesmart

Pricesmart Revenue by Segment

Forward Guidance

The press release contains forward-looking statements concerning PriceSmart, Inc.'s anticipated future revenues and earnings, adequacy of future cash flows, omni-channel initiatives, proposed warehouse club openings, the Company's performance relative to competitors and related matters.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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