PriceSmart (PSMT) Aug. Comps Up 9.4%
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Price: $170.68 +1.81%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: +8.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: +8.3%
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PriceSmart, Inc. (Nasdaq: PSMT) announced that for the month of August 2013 net sales increased 15.5% to $192.6 million, from $166.7 million in August a year earlier. For the twelve months ended August 31, 2013, net sales increased 12.0% to $2,239.3 million from $1,999.4 million for the twelve months ended August 31, 2012. There were 31 warehouse clubs in operation at the end of August 2013 and 29 warehouse clubs in operation at the end of August 2012.
For the five weeks ended September 1, 2013, comparable warehouse sales for the 29 warehouse clubs open at least 13 1/2 full months increased 9.4%, compared to the same five-week period last year. For the fifty-two week period ended September 1, 2013, comparable warehouse sales increased 9.0%, compared to the same fifty-two week period a year ago.
For the five weeks ended September 1, 2013, comparable warehouse sales for the 29 warehouse clubs open at least 13 1/2 full months increased 9.4%, compared to the same five-week period last year. For the fifty-two week period ended September 1, 2013, comparable warehouse sales increased 9.0%, compared to the same fifty-two week period a year ago.
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