PriceSmart, Inc. (PSMT) Reports a 20.5% Increasr in January Sales
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PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of January 2012, net sales increased 20.5% to $157.5 million from $130.7 million in January a year earlier.
For the four months ended January 31, 2012, net sales increased 23.0% to $853.3 million from $693.5 million in the same period last year. There were 29 warehouse clubs in operation at the end of January 2012 compared to 28 warehouse clubs in operation in January 2011.
For the four weeks ended January 30, 2012, comparable warehouse sales for the 28 warehouse clubs open at least 13 1/2 full months increased 15.2% compared to the same four-week period last year. For the twenty-one-week period ended January 30, 2012, comparable warehouse sales increased 18.4% compared to the comparable twenty-one-week period a year ago.
For the four months ended January 31, 2012, net sales increased 23.0% to $853.3 million from $693.5 million in the same period last year. There were 29 warehouse clubs in operation at the end of January 2012 compared to 28 warehouse clubs in operation in January 2011.
For the four weeks ended January 30, 2012, comparable warehouse sales for the 28 warehouse clubs open at least 13 1/2 full months increased 15.2% compared to the same four-week period last year. For the twenty-one-week period ended January 30, 2012, comparable warehouse sales increased 18.4% compared to the comparable twenty-one-week period a year ago.
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