PriceSmart (PSMT) Announces November Sales

PriceSmart, Inc. (NASDAQ: PSMT) announced that for the month of November 2006, net sales increased 22.9% to $69.7 million from $56.7 million in November a year earlier. For the first fiscal quarter ended November 30, 2006, net sales increased 19.0% to $198.1 million from $166.5 million in the same period last year. There were 23 warehouse clubs in operation at the end of November 2006 and 2005.

For the five weeks ended December 3, 2006, comparable warehouse sales for warehouse clubs open at least 12 full months increased 18.5% compared to the same five-week period last year.

For the thirteen-week period ended December 3, 2006, comparable warehouse sales increased 16.0% compared to the comparable thirteen-week period a year ago.

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