Pricesmart Q1 2024 Earnings Report
Key Takeaways
PriceSmart's first quarter of fiscal year 2024 shows positive financial performance. Total revenues increased by 10.6% to $1.17 billion, and net income rose by 15.5% to $38.0 million, resulting in earnings per diluted share of $1.24. Comparable net merchandise sales increased by 8.0%.
Total revenues increased by 10.6% to $1.17 billion.
Net merchandise sales increased by 10.7% to $1.14 billion.
Comparable net merchandise sales increased by 8.0%.
Net income increased 15.5% to $38.0 million, or $1.24 per diluted share.
Pricesmart
Pricesmart
Forward Guidance
The press release may contain 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.