PriceSmart (PSMT) Announces 10.7% Increase in Comps for May
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PriceSmart, Inc. (Nasdaq: PSMT) today announced that for the month of May 2010 net sales increased 16.2% to $118.5 million from $102.0 million in May a year earlier. For the nine months ended May 31, 2010, net sales increased 8.9% to $1,008.8 million from $926.3 million for the nine months ended May 31, 2009. There were 27 warehouse clubs in operation at the end of May 2010 and 26 warehouse clubs in operation at the end of May 2009.
For the five-week period ended May 30, 2010, comparable sales for the warehouse clubs open at least 12 full months increased 10.7%, compared to the same five-week period last year. For the thirty-nine week period ended May 30, 2010, comparable warehouse sales increased 5.6%, compared to the comparable thirty-nine week period a year ago.
For the five-week period ended May 30, 2010, comparable sales for the warehouse clubs open at least 12 full months increased 10.7%, compared to the same five-week period last year. For the thirty-nine week period ended May 30, 2010, comparable warehouse sales increased 5.6%, compared to the comparable thirty-nine week period a year ago.
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