| Market Capitalization (Millions $) |
5,208 |
| Shares
Outstanding (Millions) |
30 |
| Employees |
12,000 |
| Revenues (TTM) (Millions $) |
5,691 |
| Net Income (TTM) (Millions $) |
159 |
| Cash Flow (TTM) (Millions $) |
12 |
| Capital Exp. (TTM) (Millions $) |
145 |
Business Description
PriceSmart Inc. is a membership-focused retail chain that operates warehouse clubs in several countries across Latin America and the Caribbean. The company was founded in 1994 by Robert E. Price and is headquartered in San Diego, California.
PriceSmart currently has 47 warehouse clubs in 12 countries, including the United States, Canada, Colombia, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Jamaica, Nicaragua, Panama, and Trinidad and Tobago. The company's business model is similar to that of other warehouse clubs such as Costco and Sam's Club, offering bulk products at lower prices.
PriceSmart's typical warehouse club is between 80,000 to 120,000 square feet and stocks a wide range of products including groceries, electronics, furniture, appliances, clothing, and household goods. The company also offers services such as optical centers, photo centers, and gas stations.
Membership is required to shop at PriceSmart, and the company offers two types of memberships: Business and Gold. Business members are intended for business owners and are allowed up to three additional cardholders, while Gold members are intended for individual consumers and are allowed one additional cardholder. The annual membership fees range from $30 to $60 depending on the plan.
PriceSmart prides itself on its quality products and customer service. The company maintains strict quality control and sources its products from reputable brands. PriceSmart is also committed to sustainability and ethical sourcing, ensuring that its products are produced in an environmentally and socially responsible manner.
PriceSmart is a publicly-traded company on the NASDAQ stock exchange, and as of 2021, had a market capitalization of approximately $2.7 billion. The company has seen steady growth in recent years, with total revenues of $3.5 billion in 2020.
Company Address: 9797 Aero Drive, Suite 100 San Diego 92123 CA
Company Phone Number: 404-8800 Stock Exchange / Ticker: NASDAQ PSMT
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