PriceSmart (PSMT) Announces 1.1% Decrease in Sept. Comp Sales

PriceSmart (Nasdaq: PSMT) announced that for the month of September 2009, net sales increased 2.4% to $95.8 million from $93.6 million in September a year earlier. There were 26 warehouse clubs in operation at the end of September 2009 compared to 25 warehouse clubs in operation in September 2008.

For the four weeks ended September 27, 2009, comparable warehouse sales for warehouse clubs open at least 12 full months decreased 1.1% compared to the same four-week period last year.

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