PriceSmart (PSMT) Reports In-Line Q3 EPS, Revenues Miss

PriceSmart (PSMT) announces June net merchandise sales increased 3.9%

PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of June 2019, net merchandise sales increased 3.9% to $253.1 million from $243.7 million in June a year earlier. Foreign currency exchange rate fluctuations impacted net merchandise sales negatively by $7.6 million or 3.0% versus the same prior year one-month period.

For the ten months ended June 30, 2019, net merchandise sales increased 0.8% to $2,575.6 million from $2,556.1 million in the same period last year. Foreign currency exchange rate fluctuations impacted net merchandise sales negatively by $84.7 million or 3.3% versus the same prior year ten-month period.

There were 43 warehouse clubs in operation at June... More