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May 31, 2024
Pricesmart Q3 2024 Earnings Report
Reported an increase in total revenues and net income compared to the same quarter last year.
Key Takeaways
PriceSmart reported a 12.1% increase in total revenues, reaching $1.23 billion, and a 9.9% increase in net income, amounting to $32.5 million, or $1.08 per diluted share, for the third quarter of fiscal year 2024.
Total revenues increased by 12.1% to $1.23 billion compared to the prior year.
Net merchandise sales increased by 11.6% to $1.19 billion compared to the prior year.
Comparable net merchandise sales increased by 7.8% for the 13-week period ended June 2, 2024.
Net income increased by 9.9% to $32.5 million, or $1.08 per diluted share, compared to the prior year.
Revenue by Segment
Forward Guidance
PriceSmart plans to open one warehouse club in Cartago, Costa Rica in the spring of 2025, which will bring the total number of warehouse clubs to 55.
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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