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Nov 30, 2024
Pricesmart Q1 2025 Earnings Report
Reported an increase in total revenues and comparable net merchandise sales, with a slight decrease in net income.
Key Takeaways
PriceSmart reported a 7.8% increase in total revenues, reaching $1.26 billion, and a 5.7% increase in comparable net merchandise sales. Net income decreased slightly by 1.6% to $37.4 million, or $1.21 per diluted share.
Total revenues increased by 7.8% to $1.26 billion compared to the prior year.
Net merchandise sales grew by 7.8% to $1.22 billion.
Comparable net merchandise sales increased by 5.7%.
Net income decreased by 1.6% to $37.4 million, with earnings per diluted share at $1.21.
Revenue by Segment
Forward Guidance
PriceSmart plans to open one warehouse club in Cartago, Costa Rica in the spring of 2025 and one warehouse club in Quetzaltenango, Guatemala in the summer of 2025.
Positive Outlook
- Expansion of warehouse clubs to increase market presence.
- New warehouse in Cartago, Costa Rica planned for Spring 2025.
- New warehouse in Quetzaltenango, Guatemala planned for Summer 2025.
- Will operate 56 warehouse clubs once the two new clubs open.
- Focus on growth in Latin America and the Caribbean.
Challenges Ahead
- Various political, economic and compliance risks associated with international operations.
- Adverse changes in economic conditions in PriceSmart's markets.
- Volatility in currency exchange rates and illiquidity of certain local currencies.
- Competition and consumer spending patterns.
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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