PriceSmart (PSMT) Misses Q2 EPS by 16c

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PriceSmart Announces Second Quarter Results of Operations and March Sales

April 9, 2015 4:00 PM EDT

SAN DIEGO, CA -- (Marketwired) -- 04/09/15 -- PriceSmart, Inc. (NASDAQ: PSMT) today announced its results of operations for the second quarter of fiscal year 2015 which ended on February 28, 2015.

For the second quarter of fiscal year 2015, net warehouse club sales increased 11.4% to $732.1 million from $657.2 million in the second quarter of fiscal year 2014. Total revenues for the second quarter of fiscal year 2015 were $750.3 million compared to $674.4 million in the comparable period of the prior year. The Company had 36 warehouse clubs in operation as of February 2015 and 32 clubs in operation as of February 2014.

The Company... More