PriceSmart (PSMT) Jan. Comps Rose 1.7%

PriceSmart (NASDAQ: PSMT) announced that for the month of January 2015, net sales increased 13.3% to $219.2 million from $193.5 million in January a year earlier. For the five months ended January 31, 2015, net sales increased 9.3% to $1,163.4 million from $1,064.1 million in the same period last year. There were 36 warehouse clubs in operation at the end of January 2015 compared to 32 warehouse clubs in operation in January 2014.

For the four weeks ended January 25, 2015, comparable warehouse sales for the 32 warehouse clubs open at least 13 1/2 full months increased 1.7% compared to the same four-week period last year. For the twenty-one-week period ended January 25, 2015, comparable warehouse sales increased 1.5% compared to the comparable twenty-one-week period a year ago.

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