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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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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