PriceSmart (PSMT) July Comps Increased 3.5%

PriceSmart (NASDAQ: PSMT) announced that for the month of July 2015, net warehouse club sales increased 14.5% to $227.4 million, from $198.6 million in July a year earlier. For the eleven months ended July 31, 2015, net warehouse club sales increased 11.2% to $2,488.4 million from $2,237.6 million for the eleven months ended July 31, 2014. There were 37 warehouse clubs in operation at the end of July 2015 and 33 warehouse clubs in operation at the end of July 2014.

For the four weeks ended July 26, 2015, comparable warehouse sales for the 33 warehouse clubs open at least 13 1/2 full months increased 3.5%, compared to the same four-week period last year. For the forty-seven week period ended July 26, 2015, comparable warehouse sales increased 2.7%, compared to the comparable forty-seven week period a year ago.

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