SAN DIEGO, Sept. 3, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ: PSMT) plans to release financial results for the fourth quarter of fiscal year 2024 on Wednesday, October 30, 2024, after the market closes. PriceSmart management will host a conference call at 12:00 p.m. Eastern time (9:00 a.m. Pacific time) on Thursday, October 31, 2024, to discuss the financial results. Individuals interested in participating in the conference call may do so by dialing toll free (800) 549-8 ...

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large. One company to watch right now is PriceSmart (PSMT) . PSMT is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 16.99, while its industry has an average P/E of 31.01. Ove ...

Earnings Estimate Revisions for PriceSmart Analysts have been steadily raising their estimates for PriceSmart. Over the past three months, the Zacks Consensus Estimate for the company has increased 5.9%. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a changing earnings picture in determining near-term s ...

PriceSmart, Inc. (NASDAQ:PSMT) Q3 2024 Earnings Conference Call July 11, 2024 12:00 PM ET Company Participants Michael McCleary - Chief Financial Officer Robert Price - Interim Chief Executive Officer Conference Call Participants Jon Braatz - Kansas City Capital Operator Good afternoon, everyone, and welcome to PriceSmart, Inc.'s Earnings Release Conference Call for the Third Quarter of Fiscal Year 2024, which ended on May 31, 2024. After remarks from our company's representatives, Robert Price, Interim Chi ...

Total revenues of $1.23 billion increased significantly by 12.1% from the prior year quarter. The company's net merchandise sales of $1.19 billion climbed 11.6% from the year-ago period. On a constant currency basis, the metric rose 9.1%. Notably, foreign currency exchange fluctuations positively impacted sales by $27.3 million or 2.5%. Membership income of $19.3 million rose 15.2% from the year-ago period. Total operating expenses of $1.18 billion increased 11.9% year over year. Adjusted EBITDA for the thi ...

Revenue Growth - Total revenues for the nine months ended May 31, 2024 increased 12.0% to $3.69 billion compared to $3.29 billion in the prior year[1] - Total revenues for the third quarter of fiscal year 2024 grew 12.1% to $1.23 billion compared to $1.10 billion in the prior year[27] Net Merchandise Sales - Net merchandise sales increased 11.8% to $3.59 billion, with constant currency growth of 8.3% and a positive foreign exchange impact of $111.4 million (3.5%)[1] - Comparable net merchandise sales for 50 warehouse clubs open over 13.5 months increased 8.2%, with constant currency growth of 5.0% and a 3.2% positive foreign exchange impact[2] - Net merchandise sales for the three months ended May 31, 2024, were $1,194.531 million, representing an 11.6% growth compared to the same period in 2023[19] - Net merchandise sales on a constant-currency basis for the three months ended May 31, 2024, were $1,167.249 million, reflecting a 9.1% growth[19] - Net merchandise sales increased 11.6% to $1.19 billion in the third quarter of fiscal year 2024 from $1.07 billion in the same period last year[27] - Comparable net merchandise sales for the 50 warehouse clubs open for over 13.5 months increased 7.8% for the 13-week period ended June 2, 2024[29] - Comparable net merchandise sales on a constant-currency basis for the thirteen weeks ended June 2, 2024, grew by 5.6%[20] Operating Income and Net Income - Operating income increased to $171.7 million, up from $152.4 million in the prior year period[3] - Net income increased 17.0% to $109.8 million, or $3.62 per diluted share, compared to $93.8 million, or $3.01 per diluted share, in the prior year[3] - Operating income for the third quarter of fiscal year 2024 was $49.9 million, up from $43.1 million in the prior year period[30] - Net income for the third quarter of fiscal year 2024 increased to $32.5 million, up 9.9% from $29.6 million in the same period last year[22][30] - Adjusted net income for the three months ended May 31, 2024, was $32.489 million, compared to $32.542 million in the same period in 2023[16] - Adjusted net income for the third quarter of fiscal year 2024 was $32.5 million, or $1.08 per diluted share, compared to $32.5 million, or $1.04 per diluted share, in the prior year[31] Adjusted EBITDA - Adjusted EBITDA for the first nine months of fiscal year 2024 was $232.9 million, up from $218.4 million in the same period last year[4] - Adjusted EBITDA for the third quarter of fiscal year 2024 was $71.0 million, up from $63.9 million in the same period last year[32] Membership Income - Membership income increased to $55.6 million for the nine months ended May 31, 2024, up from $48.8 million in the prior year[10] Cost of Goods Sold and Expenses - Cost of goods sold for net merchandise sales increased to $3.02 billion, up from $2.70 billion in the prior year period[10] - Selling, general and administrative expenses increased to $346.8 million, up from $306.7 million in the prior year period[10] Cash and Cash Equivalents - Cash and cash equivalents decreased from $239.984 million in August 2023 to $128.271 million in May 2024, a decline of 46.5%[12] Total Assets and Liabilities - Total assets increased slightly from $2,005.608 million in August 2023 to $2,020.698 million in May 2024[12] - Merchandise inventories increased from $471.407 million in August 2023 to $516.464 million in May 2024, a growth of 9.6%[12] - Accounts payable increased from $453.229 million in August 2023 to $491.203 million in May 2024, a growth of 8.4%[12] - Retained earnings increased from $817.559 million in August 2023 to $861.158 million in May 2024, a growth of 5.3%[12] Warehouse Club Expansion - The company plans to open one new warehouse club in Cartago, Costa Rica in spring 2025, increasing total clubs to 55[7] - The company operated 54 warehouse clubs as of May 31, 2024, compared to 51 in the prior year[28] Foreign Exchange Impact - Foreign currency exchange rate fluctuations positively impacted net merchandise sales by $27.3 million, or 2.5%, compared to the same period last year[27] Diluted Earnings Per Share - Diluted earnings per share for the third quarter of fiscal year 2024 were $1.08, compared to $0.94 in the same period last year[30] - Adjusted net income per diluted share for the three months ended May 31, 2024, was $1.08, compared to $1.04 in the same period in 2023[16]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to COMMISSION FILE NUMBER 000-22793 PriceSmart, Inc. (Exact name of registrant as specified in its charter) Delaware 33-0628530 (State or other j ...

SAN DIEGO, July 10, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ: PSMT), operator of 54 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal third quarter of 2024, which ended on May 31, 2024. Total revenues for the third quarter of fiscal year 2024 increased 12.1% to $1.23 billion compared to $1.10 billion in the comparable period of the prior year. For the third quarter of fiscal year 2024, net merchandise sales increased 11.6% to ...

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. Finally, we should also recognize that PSMT has a P/CF ratio of 12.25. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. PSMT's P/CF compa ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuat ...