PriceSmart (PSMT) April Comps Rose 0.2%

PriceSmart (NASDAQ: PSMT) announced that for the month of April 2015 net sales increased 7.8% to $207.5 million from $192.4 million in April a year earlier. For the eight months ended April 30, 2015, net sales increased 10.4% to $1,813.7 million from $1,642.5 million for the eight months ended April 30, 2014. There were 36 warehouse clubs in operation at the end of April 2015 and 32 warehouse clubs in operation at the end of April 2014.

For the four-week period ended April 26, 2015 comparable sales for the 32 warehouse clubs open at least 13 1/2 full months increased 0.2%, compared to the four-week period last year. For the thirty-four week period ended April 26, 2015 comparable warehouse sales increased 2.2%, compared to the comparable thirty-four week period a year ago.

The timing of Easter positively impacted warehouse sales in March and negatively impacted warehouse sales in April compared to last year.

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