PriceSmart (PSMT) Feb, Net Sales Increase 6.6%

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PriceSmart Announces February Sales; Provides Guidance on the Preliminary Impact of U.S. Tax Reform; and also announces Earnings Release and Conference Call Dates for Second Quarter Fiscal Year 2018 F

March 7, 2018 8:00 AM EST

SAN DIEGO, March 7, 2018 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of February 2018, net sales increased 6.6% to $228.9 million from $214.6 million in February a year earlier. For the six months ended February 28, 2018, net sales increased 4.9% to $1,562.0 million from $1,488.4 million in the same period last year. There were 40 warehouse clubs in operation at the end of February 2018 compared to 39 warehouse clubs in operation in February 2017.

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