PriceSmart (PSMT) Jan. Comps Decline 1.4%

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PriceSmart Announces January 2019 Merchandise Sales

February 7, 2019 8:01 AM EST

SAN DIEGO, Feb. 7, 2019 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of January 2019, net merchandise sales increased 0.3% to $244.3 million from $243.6 million in January a year earlier.  Foreign currency exchange rate fluctuations impacted net merchandise sales negatively by $9.6 million or 3.9% versus the same prior year one-month period.  

For the fiscal year to date, which includes the five months ended January 31, 2019, net merchandise sales increased... More