PriceSmart (PSMT) May Comps Rose 4.6%

PriceSmart (NASDAQ: PSMT) announced that for the month of May 2015, net sales increased 13.8% to $230.2 million from $202.3 million in May a year earlier. For the nine months ended May 31, 2015, net sales increased 10.8% to $2,043.8 million from $1,844.8 million for the nine months ended May 31, 2014. There were 36 warehouse clubs in operation at the end of May 2015 and 33 warehouse clubs in operation at the end of May 2014.

For the five-week period ended May 31, 2015, comparable sales for the 32 warehouse clubs open at least 13 1/2 full months increased 4.6%, compared to the same five-week period last year. For the thirty-nine week period ended May 31, 2015, comparable warehouse sales increased 2.5%, compared to the comparable thirty-nine week period a year ago.

PriceSmart plans to release third quarter 2015 financial results on Thursday, July 9, 2015, after the market closes. PriceSmart management will host a conference call at 12:00 p.m. Eastern time (9:00a.m. Pacific time) on Friday, July 10, 2015, to discuss the financial results. Individuals interested in participating in the conference call may do so by dialing (888) 312-9849 toll free, or (719) 457-1517 for international callers and entering participant code 1552252. A digital replay will be available through July 31, 2014, following the conclusion of the call by dialing (888) 203-1112 for domestic callers, or (719) 457-0820 for international callers, and entering replay passcode 1552252.

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