Pricesmart Q4 2022 Earnings Report
Key Takeaways
PriceSmart reported strong Q4 2022 results, with net merchandise sales increasing by 13.6% and total revenues exceeding $1.0 billion. The company's membership base reached a record high, and EPS grew by 19%.
Net merchandise sales increased by 13.6%, reaching $989.9 million.
Total revenues exceeded $1.0 billion for the quarter and $4.0 billion for the year.
Comparable net merchandise sales increased by 9.2%.
Membership base grew to a new record of 1.76 million accounts, with an 88.9% renewal rate.
Pricesmart
Pricesmart
Pricesmart Revenue by Segment
Forward Guidance
As to fiscal year 2023, we are off to a respectable start with September total net merchandise sales of $324.1 million, an increase of 12.1% over the same period in the prior year, and comparable net merchandise sales for the four-week period ended October 2, 2022 that increased 7.8% compared to the same period last year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income