PriceSmart (PSMT) Announces Increase in August Sales

PriceSmart, Inc. (NASDAQ: PSMT) announced that for the month of August 2007, net sales increased 22.9% to $75.5 million from $61.4 million in August a year earlier. For the twelve months ended August 31, 2007, net sales increased 20.8% to $869.1 million from $719.6 million in the same period last year. There were 23 warehouse clubs in operation at the end of August 2007 and 2006.

For the five weeks ended September 2, 2007, comparable warehouse sales for warehouse clubs open at least 12 full months increased 22.5% compared to the same five-week period last year. For the fifty-two week period ended September 2, 2007, comparable warehouse sales increased 20.1% compared to the comparable fifty-two week period a year ago.

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