PriceSmart (PSMT) Sept. Comps Increase 1.7%

PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of September 2018 net merchandise sales increased 2.8% to $243.7 million, from $237.1 million in September a year earlier. There were 41 warehouse clubs in operation at the end of September 2018 and 39 warehouse clubs in operation at the end of September 2017.

For the four weeks ended September 30, 2018, comparable net merchandise sales for the 39 warehouse clubs open at least 13 1/2 full months decreased 1.7%, compared to the same four-week period last year.

PriceSmart plans to release fourth quarter fiscal year 2018 financial results on Thursday, October 25, 2018, after the market closes. PriceSmart management will host a conference call at 12:00 p.m. Eastern time (9:00a.m. Pacific time) on Friday, October 26, 2018, to discuss the financial results. Individuals interested in participating in the conference call may do so by dialing (855) 209-8211 toll free, or (412) 317-5214 for international callers and asking to join the PriceSmart, Inc. call. A digital replay will be available through November 2, 2018, following the conclusion of the call by dialing (877) 344-7529 for domestic callers, or (412) 317-0088 for international callers, and entering replay passcode 10123807.

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