PriceSmart (PSMT) Tops Q3 EPS by 17c, Announces $75M Buyback

PriceSmart (NASDAQ: PSMT) reported Q3 EPS of $1.02, $0.17 better than the analyst estimate of $0.85. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.1 billion.

Stock Repurchases

• The Board of Directors of PriceSmart, Inc. has authorized the Company to repurchase up to $75 million of common stock. The timing and total amount of stock repurchases will depend upon business, economic and market conditions, prevailing stock prices, and other considerations. The repurchase program has no time limit, may be suspended for periods or discontinued at any time and does not obligate the Company to acquire any amount of common stock. The repurchases are expected to be executed from time to time through open market purchases or privately negotiated transactions, including through Rule 10b5-1 plans.

For earnings history and earnings-related data on PriceSmart (PSMT) click here.

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