PriceSmart (PSMT) May Comps Decline 0.9%

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PriceSmart Announces May Merchandise Sales; Third Quarter Earnings Release Dates Also Announced

June 7, 2019 8:00 AM EDT

SAN DIEGO, June 7, 2019 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of May 2019, net merchandise sales increased 0.8% to $251.0 million from $248.7 million in May a year earlier. Foreign currency exchange rate fluctuations impacted net merchandise sales negatively by $9.6 million or 3.8% versus the same prior year one-month period. 

For the nine months ended May 31, 2019, net merchandise sales increased 0.4% to $2,322.6 million from... More