PriceSmart (PSMT) July Comps 0.2%

PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of July 2018, net merchandise sales increased 2.6% to $248.9 million, from $242.5 million in July a year earlier. For the eleven months ended July 31, 2018, net merchandise sales increased 5.0% to $2,805.0 million from $2,671.7 million for the eleven months ended July 31, 2017. There were 41 warehouse clubs in operation at the end of July 2018 and 39 warehouse clubs in operation at the end of July 2017.

For the four weeks ended July 29, 2018, comparable merchandise sales for the 39 warehouse clubs open at least 13 1/2 full months increased 0.2% compared to the same four-week period last year. For the forty-seven week period ended July 29, 2018, comparable merchandise sales increased 2.6%, compared to the comparable forty-seven week period a year ago.

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