PriceSmart (PSMT) December Comps Rise 3.1%

PriceSmart, Inc. (NASDAQ: PSMT) today announced for the month of December 2016, net sales increased 2.9% to $328.2 million from $319.1 million in December a year earlier. For the four months ended December 31, 2016, net sales increased 3.4% to $1,044.3 million from $1,010.0 million in the same period last year. There were 39 warehouse clubs in operation at the end of December 2016 compared to 38 warehouse clubs in operation in December 2015.

For the four weeks ended January 1, 2017, comparable warehouse sales for the 37 warehouse clubs open at least 13 1/2 full months increased 3.1% compared to the same four-week period last year. For the seventeen-week period ended January 1, 2017, comparable warehouse sales increased 0.9% compared to the comparable seventeen-week period a year ago.

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