Pricesmart Inc operates as a membership-based warehouse club retailer, primarily serving customers in Central America and the Caribbean
The company offers a wide range of products, including groceries, electronics, clothing, and home goods, at competitive prices. By providing bulk purchasing options, Pricesmart aims to deliver value to families and businesses, while also focusing on fresh food offerings and specialty items. In addition to its retail operations, the company emphasizes a commitment to quality customer service and a seamless shopping experience across its various locations.
PriceSmart reported 12.1% revenue growth in Q3, beating expectations. Net sales grew by 11.6% and operating income rose. Adjusted EPS exceeded consensus. Company has 54 warehouse clubs..
The futures market on Thursday reflected jitteriness as traders awaited the all-important consumer price inflation data. The broader market is amid a multi-session winning run and has been breaking records session after session, sending the valuation of especially some mega-cap stocks to unsustainable levels.
The market’s bullish bias will likely be put to the test on Wednesday as some key market-moving catalysts due this week could pose a threat to the upward momentum.
PriceSmart reported strong Q2 results, with revenue up 13.1% and adjusted EPS of $1.31 beating expectations. It also declared a special dividend of $1.00 per share and has 54 warehouse clubs in operation.
Shares of PriceSmart, Inc. (NASDAQPSMT) rose sharply in today’s pre-market trading as the company posted better-than-expected earnings for its second quarter.
Stock futures are all in the green early Wednesday as traders factor in tame March inflation data. A hotter-than-expected number may not result in a big pullback, given the recent consolidation, said value investor and New York University Professor Aswath Damodaran.
