PriceSmart (PSMT) July Comps Up 13.%

PriceSmart, Inc. (NASDAQ: PSMT) announced that for the month of July 2013, net warehouse club sales increased 11.9% to $188.5 million, from $168.5 million in July a year earlier. For the eleven months ended July 31, 2013, net warehouse club sales increased 11.7% to $2,046.6 million from $1,832.7 million for the eleven months ended July 31, 2012. There were 31 warehouse clubs in operation at the end of July 2013 and 29 warehouse clubs in operation at the end of July 2012.

For the four weeks ended July 28, 2013, comparable warehouse sales for the 29 warehouse clubs open at least 13 1/2 full months increased 8.9%, compared to the same four-week period last year. For the forty-seven week period ended July 28, 2013, comparable warehouse sales increased 9.0%, compared to the comparable forty-seven week period a year ago.

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