PriceSmart, Inc. Reports Earnings Results for the First Quarter Ended November 30, 2022
January 09, 2023 at 04:11 pm EST
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PriceSmart, Inc. reported earnings results for the first quarter ended November 30, 2022. For the first quarter, the company reported sales was USD 10.46 million compared to USD 10.53 million a year ago. Revenue was USD 1,054.81 million compared to USD 975.36 million a year ago.
Net income was USD 32.91 million compared to USD 30.51 million a year ago. Basic earnings per share from continuing operations was USD 1.05 compared to USD 0.98 a year ago. Diluted earnings per share from continuing operations was USD 1.05 compared to USD 0.98 a year ago.
PriceSmart, Inc. owns and operates United States (US)-style membership shopping warehouse clubs in Latin America and the Caribbean, selling merchandise and providing services to PriceSmart members. The Company operates approximately 52 warehouse clubs in 12 countries and one US territory. Its segments include the US, Central America, the Caribbean and Colombia. It offers merchandise and services in various categories, such as consumables, fresh foods, hardlines, food service and bakery, and health services. It also owns Member's Selection private label products. The Company's consumable products include groceries, cleaning supplies, and health and beauty aids. Its fresh food products include meat, produce, deli, seafood and poultry. The Company's hardline products include electronics, automotive, hardware, sporting goods, and seasonal products. Its softline products include clothing, domestics and home furnishing products. Its health services include optical, audiology and pharmacy.
PRICESMART, INC. 
