PriceSmart (PSMT) Misses Q3 EPS by 15c

PriceSmart (NASDAQ: PSMT) reported Q3 EPS of $0.55, $0.15 worse than the analyst estimate of $0.70. Revenue for the quarter came in at $704.3 million versus the consensus estimate of $706.15 million.

For the four weeks ended June 26, 2016, comparable warehouse sales for the 36 warehouse clubs open at least 13 1/2 full months decreased 1.9%, compared to the same four-week period last year. For the forty-three week period ended June 26, 2016, comparable warehouse sales decreased 0.9%, compared to the comparable forty-three week period a year ago.

For earnings history and earnings-related data on PriceSmart (PSMT) click here.

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