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Aug 31, 2021
Pricesmart Q4 2021 Earnings Report
Pricesmart's Q4 2021 results showed revenue growth and a strong membership renewal rate.
Key Takeaways
PriceSmart reported a 12.2% increase in total revenues to $909.6 million for the fourth quarter of fiscal year 2021. Net income attributable to PriceSmart was $19.5 million, or $0.63 per diluted share. Net merchandise sales increased by 12.7%, and comparable net merchandise sales grew by 10.3%. The membership renewal rate for the trailing 12 months was 89.6%.
Net merchandise sales grew by 12.7% in the fiscal fourth quarter.
Comparable net merchandise sales increased by 10.3%.
Operating income increased to $32.5 million.
Membership renewal rate reached 89.6%.
Pricesmart
Pricesmart
Pricesmart Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income