PriceSmart (PSMT) Jan. Comps Increase 0.5%

PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of January 2018, net sales increased 6.2% to $243.6 million from $229.4 million in January a year earlier. For the five months ended January 31, 2018, net sales increased 4.7% to $1,333.1 million from $1,273.7 million in the same period last year. There were 40 warehouse clubs in operation at the end of January 2018 compared to 39 warehouse clubs in operation in January 2017.

For the four weeks ended January 28, 2018, comparable warehouse sales for the 39 warehouse clubs open at least 13 1/2 full months increased 0.5% compared to the same four-week period last year. For the twenty-one-week period ended January 28, 2018, comparable warehouse sales increased 2.9% compared to the comparable twenty-one-week period a year ago.

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