PriceSmart (PSMT) Announces August Sales Increased 4.4%

PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of August 2018 net sales increased 4.4% to $248.8 million, from $238.3 million in August a year earlier. For the twelve months ended August 31, 2018, net sales increased 4.9% to $3,053.8 million from $2,910.1 million for the twelve months ended August 31, 2017. There were 41 warehouse clubs in operation at the end of August 2018 and 39 warehouse clubs in operation at the end of August 2017.

For the five weeks ended September 2, 2018, comparable warehouse sales for the 39 warehouse clubs open at least 13 1/2 full months were flat from the comparable 5 week period a year ago. For the fifty-two week period ended September 2, 2018, comparable warehouse sales increased 2.3%, compared to the comparable fifty-two week period a year ago.

PriceSmart plans to release fourth quarter fiscal year 2018 financial results on Thursday, October 25, 2018, after the market closes. PriceSmart management will host a conference call at 12:00 p.m. Eastern time (9:00a.m. Pacific time) on Friday, October 26, 2018, to discuss the financial results. Individuals interested in participating in the conference call may do so by dialing (855) 209-8211 toll free, or (412) 317-5214 for international callers and asking to join the PriceSmart, Inc. call. A digital replay will be available through November 2, 2018, following the conclusion of the call by dialing (877) 344-7529 for domestic callers, or (412) 317-0088 for international callers, and entering replay passcode 10123807.

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