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PriceSmart(PSMT) - 2022 Q3 - Quarterly Report
2022-07-11 20:13
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, 2022 OR ¨ 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) (State or other jurisdiction of incorporation or organi ...
PriceSmart(PSMT) - 2022 Q2 - Earnings Call Transcript
2022-04-08 20:17
PriceSmart, Inc. (NASDAQ:PSMT) Q2 2022 Earnings Conference Call April 8, 2022 12:00 PM ET Company Participants Sherry Bahrambeygui - CEO Michael McCleary - CFO Conference Call Participants Jon Braatz - Kansas City Capital Associates Rodrigo Echagaray - Scotiabank Operator Good afternoon, everyone, and welcome to PriceSmart, Inc.'s Earnings Release Conference Call for the Second Quarter of Fiscal Year 2022, which ended on February 28, 2022. After remarks from our company's representatives, Ms. Sherry Bahramb ...
PriceSmart(PSMT) - 2022 Q2 - Quarterly Report
2022-04-07 20:27
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 February 28, 2022 OR ¨ 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 jurisdiction o ...
PriceSmart(PSMT) - 2022 Q1 - Earnings Call Transcript
2022-01-07 21:02
PriceSmart, Inc. (NASDAQ:PSMT) Q1 2022 Earnings Conference Call January 7, 2022 12:00 PM ET Company Participants Sherry Bahrambeygui - CEO Michael McCleary - CFO Conference Call Participants Jon Braatz - Kansas City Capital Charles Carter - Ceredex Value Advisors Operator Good afternoon everyone, and welcome to PriceSmart Incorporated’s Earnings Release Conference Call for the First Quarter of Fiscal Year 2022 which ended on November 30 of 2021. After remarks from our company’s representatives, Ms. Sherry B ...
PriceSmart(PSMT) - 2022 Q1 - Quarterly Report
2022-01-06 21:04
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 November 30, 2021 OR ¨ 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. 9740 Scranton Road, San Diego, CA 92121 (Address of principal executive offices) (Zip Code) (858) 404-880 ...
PriceSmart(PSMT) - 2021 Q4 - Earnings Call Transcript
2021-10-22 18:46
PriceSmart, Inc. (NASDAQ:PSMT) Q4 2021 Earnings Conference Call October 22, 2021 12:00 PM ET Company Participants Sherry Bahrambeygui - CEO Michael McCleary - CFO Conference Call Participants Jon Braatz - Kansas City Capital Rodrigo Echagaray - Scotiabank Operator Good day, everyone, and welcome to PriceSmart Incorporated Earnings Release Conference Call for the Fourth Quarter of Fiscal Year 2021 which ended on August 31, 2021. After remarks from our company’s representatives, Sherry Bahrambeygui, Chief Exe ...
PriceSmart(PSMT) - 2021 Q4 - Annual Report
2021-10-21 20:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended August 31, 2021 OR ¨ 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 jurisdiction of incorpora ...
PriceSmart(PSMT) - 2021 Q3 - Earnings Call Transcript
2021-07-09 19:15
Financial Data and Key Metrics Changes - For Q3 FY 2021, total revenues were $895.3 million, and net merchandise sales were $857.5 million, representing increases of 11.9% and 11.6% respectively compared to the prior year [38] - The trailing 12-month membership renewal rate improved to 87.6% from 82.5% a year ago, indicating a recovery in membership accounts [8][29] - Net income for Q3 FY 2021 was $22.5 million, or $0.73 per diluted share, compared to $12.7 million, or $0.41 per diluted share in the prior year [54] Business Line Data and Key Metrics Changes - Non-foods category sales grew by 41% compared to the same quarter last year, with hardline category sales increasing by approximately 31% [15] - The overall softline category grew by 66%, with casual apparel and basic apparel growing by 84% and 86% respectively [16] - The fresh category grew by 8%, with poultry, meat, and gourmet deli leading the growth at 21%, 13%, and 13% respectively [18] Market Data and Key Metrics Changes - In Central America, net merchandise sales increased by 17.7%, with a 16% increase in comparable net merchandise sales [39] - The Caribbean region saw a decline in total net merchandise sales by 2.9%, primarily due to challenges in Trinidad, where comparable net merchandise sales declined by 21.8% [41][42] - Colombia experienced a 22.4% increase in net merchandise sales, despite civil unrest and COVID-19 restrictions impacting normal commerce [45] Company Strategy and Development Direction - The company is focused on a multi-year growth plan that includes expanding its brick-and-mortar footprint and enhancing its e-commerce platform to create a seamless omni-channel experience [34] - Investments in talent, technology, and analytics are aimed at improving operational efficiencies and understanding member preferences [9][34] - The company plans to expand its private label product offerings and identify opportunities for vertical integration [35] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about FY 2021, noting a rebound in memberships and foot traffic in most markets [34] - The company is prepared for ongoing supply chain disruptions and inflationary pressures, with strategic inventory investments to mitigate potential future price increases [22][23][35] - Management highlighted the importance of adapting to changing consumer behaviors and maintaining a focus on delivering value to members [10][34] Other Important Information - The company is constructing a new smaller format warehouse club in Bucaramanga, Colombia, expected to open in fall 2021, along with additional clubs in Guatemala and Jamaica [32] - The company has expanded its member wellness initiatives, including optical centers and pharmacy services, to enhance member offerings [33] Q&A Session Summary Question: Update on Trinidad's situation - Management noted a slight easing of restrictions in Trinidad, allowing for the sale of additional essential goods, with hopes for further flexibility as the virus spread slows [61][62] Question: Impact of oil prices on liquidity in Trinidad - Management indicated that improvements in the economy, including oil prices, could lead to better liquidity conditions, but caution was advised due to historical trends [63][64] Question: Future spending on technology and talent - Management emphasized the importance of continued investment in technology and talent to build capacities for long-term growth, while monitoring spending closely [65]
PriceSmart(PSMT) - 2021 Q3 - Quarterly Report
2021-07-08 20:24
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, 2021 OR ¨ 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 0-22793 PriceSmart, Inc. (Exact name of registrant as specified in its charter) Delaware 33-0628530 (State or other jurisdiction of incor ...
PriceSmart(PSMT) - 2021 Q2 - Earnings Call Transcript
2021-04-09 19:25
PriceSmart, Inc. (NASDAQ:PSMT) Q2 2021 Earnings Conference Call April 9, 2021 12:00 PM ET Company Participants Sherry Bahrambeygui - Chief Executive Officer Michael McCleary - Chief Financial Officer Conference Call Participants Jon Braatz - Kansas City Capital Rodrigo Echagaray - Scotiabank Operator Good afternoon everyone, and welcome to PriceSmart Incorporated Earnings Release Conference Call for the Second Quarter Fiscal Year of 2021, which ended on February 28 of 2021. After remarks from our Company's ...