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Pricesmart Inc   (PSMT)
Other Ticker:  
 
    Sector  Retail    Industry Wholesale
   Industry Wholesale
   Sector  Retail
 
Price: $83.7300 $-0.41 -0.487%
Day's High: $84.35 Week Perf: 1.2 %
Day's Low: $ 83.55 30 Day Perf: 10.14 %
Volume (M): 75 52 Wk High: $ 84.93
Volume (M$): $ 6,255 52 Wk Avg: $74.24
Open: $84.22 52 Wk Low: $61.82



 Market Capitalization (Millions $) 2,534
 Shares Outstanding (Millions) 30
 Employees 31,000
 Revenues (TTM) (Millions $) 4,524
 Net Income (TTM) (Millions $) 114
 Cash Flow (TTM) (Millions $) -95
 Capital Exp. (TTM) (Millions $) 152

Pricesmart Inc
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: 9740 Scranton Road San Diego 92121 CA
   Company Phone Number: 404-8800   Stock Exchange / Ticker: NASDAQ PSMT
   PSMT is expected to report next financial results on April 09, 2024.


   

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Pricesmart Inc

Pricesmart Inc Surges with Impressive Financial Results, Witnessing Double-Digit Revenue Growth in Q3 2023

Pricesmart Inc, a leading operator of warehouse clubs, has recently disclosed impressive financial results for the three months ending on November 30, 2023. The company reported double-digit revenue and profitability growth, highlighting its strong performance in the market.
In terms of revenue, Pricesmart Inc experienced a significant increase of 10.587% year-on-year, reaching $1.17 billion. Moreover, the company's revenue grew by 4.318% quarter-on-quarter, further demonstrating its consistent growth. This growth in revenue was mirrored in the company's income, which recorded an 18.1% increase to $1.24. Notably, the company's earnings per share (EPS) showed a remarkable rise of 150.21%.

Pricesmart Inc

Profitability Plummets as Pricesmart Inc Faces Significant Decline in Net Profit per Share in Q3 2023

Pricesmart Inc recently released its financial report for the period ending August 31, 2023, and the results are not looking promising for the wholesale company. While the company saw a growth in revenue by 9.48% to $1.12 billion compared to the previous year, its net profit per share dropped significantly by -34.88% to $0.50 per share.
One may argue that the revenue growth is a positive sign, however, it is important to note that Pricesmart Inc has outpaced its industry peers in terms of revenue growth. While the rest of the Wholesale industry only reported a 1.27% increase in revenue during the same time period, Pricesmart Inc's growth seems disproportionate. This raises concerns about the company's ability to sustain such rapid revenue growth.

Pricesmart Inc

Pricesmart Inc Surges ahead with a 51.61% Profit Jump, Bolstering Q3 Profits to a Whopping $0.94 per Share

Financial News Report:
Pricesmart Inc Reports Strong Q3 2023 Profits and Revenue Growth
For the third quarter of 2023, Pricesmart Inc witnessed impressive financial performance, with profits jumping by 51.61% to $0.94 per share, compared to $0.62 per share a year ago. However, there was a slight decrease in net profit per share by -7.84% from $1.02 per share, as seen in the prior reporting period.
The company's revenue experienced substantial growth, increasing by 6.388% to $1.10 billion from $1.03 billion in the comparable reporting period last year. Sequentially, the revenue decreased by -3.987% from $1.14 billion. Despite this decline, Pricesmart Inc successfully maintained a strong bottom-line, with net earnings of $29.572 million in the third quarter of 2023, depicting a significant increase of 53.56% compared to $19.258 million reported in the third quarter of 2022.






 

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