PriceSmart (PSMT) Comps Fell 0.2% in November 2016
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PriceSmart Announces November Sales; also announces Earnings Release and Conference Call Dates for First Quarter Fiscal Year 2017 Financial Results
December 7, 2016 8:00 AM ESTSAN DIEGO, CA -- (Marketwired) -- 12/07/16 -- PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of November 2016, net sales increased 2.0% to $245.8 million from $240.9 million in November a year earlier. For the three months ended November 30, 2016, net sales increased 3.7% to $716.1 million from $690.8 million in the same period last year. There were 39 warehouse clubs in operation at the end of November 2016 compared to 38 warehouse clubs in operation in November 2015.
For the five weeks ended December 4, 2016, comparable warehouse sales for the 37 warehouse clubs open at least 13 1/2 full months decreased 0.2% compared to the same... More
