PriceSmart (PSMT) Feb. Comps Decline 1.9%

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PriceSmart Announces February Merchandise Sales; also Announces Earnings Release and Conference Call Dates for Second Quarter Fiscal Year 2019 Financial Results

March 7, 2019 8:01 AM EST

SAN DIEGO, March 7, 2019 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of February 2019, net merchandise sales were $228.8 million versus $228.9 million in February a year earlier. Foreign currency exchange rate fluctuations impacted net merchandise sales negatively by $8.8 million or 3.8% versus the same prior year one-month period. 

For the six months ended February 28, 2019, net merchandise sales increased 0.4% to $1,567.6 million from $1,562.0 million in... More