PriceSmart (PSMT) July Sales Comps Increase 1.4%

PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of July 2017, net warehouse club sales increased 2.7% to $242.5 million, from $236.3 million in July a year earlier. For the eleven months ended July 31, 2017, net warehouse club sales increased 3.1% to $2,671.7 million from $2,591.7 million for the eleven months ended July 31, 2016. There were 39 warehouse clubs in operation at the end of July 2017 and 38 warehouse clubs in operation at the end of July 2016.

For the four weeks ended July 30, 2017, comparable warehouse sales for the 38 warehouse clubs open at least 13 1/2 full months increased 1.4% compared to the same four-week period last year. For the forty-seven week period ended July 30, 2017, comparable warehouse sales increased 1.4%, compared to the comparable forty-seven week period a year ago.

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