PriceSmart (PSMT) March Net Warehouse Club Sales Increased 8.9%

PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of March 2018, net warehouse club sales increased 8.9% to $261.3 million, from $239.9 million in March a year earlier. For the seven months ended March 31, 2018, net warehouse club sales increased 5.5% to $1,823.3 million from $1,728.2 million for the seven months ended March 31, 2017. There were 40 warehouse clubs in operation at the end of March 2018 and 39 warehouse clubs in operation at the end of March 2017.

For the four weeks ended April 1, 2018, comparable net warehouse club sales for the 40 warehouse clubs open at least 13 1/2 full months increased 3.5%, compared to the same four-week period last year. For the thirty-week period ended April 1, 2018, comparable net warehouse club sales increased 3.2%, compared to the comparable thirty-week period a year ago.

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