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Nov 30, 2023
Pricesmart Q1 2024 Earnings Report
Reported a growth in net merchandise sales and comparable net merchandise sales with increased earnings per diluted share.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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