PriceSmart Announces Fiscal 2020 Third Quarter Operating Results

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Go back to PriceSmart Announces Fiscal 2020 Third Quarter Operating Results

PriceSmart (PSMT) Tops Q3 EPS by 15c, Revenues Beat

July 9, 2020 4:02 PM EDT

PriceSmart (NASDAQ: PSMT) reported Q3 EPS of $0.41, $0.15 better than the analyst estimate of $0.26. Revenue for the quarter came in at $799.93 million versus the consensus estimate of $693.45 million.

Comments from Sherry S. Bahrambeygui, Chief Executive Officer:

"During the third quarter of fiscal year 2020, our Company has traversed an extraordinary arc that started with responding to unexpected challenges and quickly evolved to strengthening our business for the future.

With our top priority firmly placed on the well-being of our employees and Members, the quarter began with the rapid adaptation to remote-work without compromising... More