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Aug 31, 2023
Pricesmart Q4 2023 Earnings Report
PriceSmart's Q4 2023 results were announced, featuring revenue growth and earnings impacted by tax settlement charges.
Key Takeaways
PriceSmart reported a 9.5% increase in total revenues to $1.12 billion for the fourth quarter of fiscal year 2023. Net income attributable to PriceSmart decreased to $15.4 million, or $0.49 per diluted share, compared to $23.3 million, or $0.75 per diluted share, in the prior year. Adjusted earnings per diluted share were $0.65, inclusive of a negative impact of $0.30 per diluted share for costs related to the reserve for the minimum tax settlement.
Total revenues increased by 9.5% to $1.12 billion compared to the prior year.
Net merchandise sales grew by 10.0% to $1.09 billion.
Comparable net merchandise sales increased by 8.8%.
Net income attributable to PriceSmart decreased to $15.4 million, or $0.49 per diluted share.
Pricesmart
Pricesmart
Pricesmart Revenue by Segment
Revenue by Segment
Net Merchandise Sales Revenue
CapyFin.comExport Sales Revenue
CapyFin.comMembership Income Revenue
CapyFin.comOther Revenue and Income Revenue
CapyFin.com Forward Guidance
The company plans to open a warehouse club in Escuintla, Guatemala on November 30, 2023 and a warehouse club in Santa Ana, El Salvador in early 2024. Once these two new clubs are open, the Company will operate 54 warehouse clubs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income