PriceSmart (PSMT) Misses Q1 EPS by 5c

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Go back to PriceSmart (PSMT) Misses Q1 EPS by 5c

PriceSmart Announces First Quarter Results of Operations for Fiscal Year 2016 and December Sales

January 7, 2016 4:00 PM EST

SAN DIEGO, CA -- (Marketwired) -- 01/07/16 -- PriceSmart, Inc. (NASDAQ: PSMT) today announced its results of operations for the first quarter of fiscal year 2016 which ended on November 30, 2015.

For the first quarter of fiscal year 2016, net warehouse club sales increased 8.6% to $690.8 million from $636.4 million in the first quarter of fiscal year 2015. Total revenues for the first quarter of fiscal year 2016 were $711.9 million compared to $656.0 million in the first quarter of the prior year. The Company had 38 clubs in operation as of November 30, 2015, compared to 36 warehouse clubs in operation as of November 30, 2014.

The... More