PriceSmart (PSMT) Reports November Comps of 7.8%
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PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of November 2012, net sales increased 13.2% to $183.7 million from $162.3 million in November a year earlier. For the three months ended November 30, 2012, net sales increased 11.8% to $523.6 million from $468.2 million in the same period last year. There were 30 warehouse clubs in operation at the end of November 2012 compared to 29 warehouse clubs in operation in November 2011.
For the five weeks ended December 2, 2012, comparable warehouse sales for the 29 warehouse clubs open at least 13 1/2 full months increased 7.8% compared to the same five-week period last year. For the thirteen-week period ended December 2, 2012, comparable warehouse sales increased 8.3% compared to the comparable thirteen-week period a year ago.
For the five weeks ended December 2, 2012, comparable warehouse sales for the 29 warehouse clubs open at least 13 1/2 full months increased 7.8% compared to the same five-week period last year. For the thirteen-week period ended December 2, 2012, comparable warehouse sales increased 8.3% compared to the comparable thirteen-week period a year ago.
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