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]

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, 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 ...

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, 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 ...

PriceSmart, Inc. (NASDAQ:PSMT) Q1 2021 Results Conference Call January 8, 2021 12:00 PM ET Company Participants Sherry Bahrambeygui - Chief Executive Officer Michael McCleary - Chief Financial Officer Conference Call Participants Rodrigo Echagaray - Scotiabank Jon Braatz - Kansas City Capital Operator Good morning or afternoon everyone, and welcome to PriceSmart Incorporated Earnings Release Conference Call for the First Fiscal Quarter of 2021, which ended on November 30, 2020. After remarks from our compan ...

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, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to 9740 Scranton Road, San Diego, CA 92121 (Address of principal executive offices) (Zip Code) (858) 404-8800 (Registrant's telephone number, including area c ...

PriceSmart, Inc. (NASDAQ:PSMT) Q4 2020 Earnings Conference Call October 30, 2020 12:00 PM ET Company Participants Michael McCleary – Chief Financial Officer Sherry Bahrambeygui – Chief Executive Officer Conference Call Participants Jon Braatz – Kansas City Capital Rodrigo Echagaray – Scotiabank Operator Good morning or afternoon, everyone, and welcome to PriceSmart Incorporated Earnings Release Conference Call for the Fourth Quarter of Fiscal Year 2020, which ended on August 31, 2020. After remarks from our ...

Financial Data and Key Metrics Changes - Total revenues for Q3 2020 were $799.9 million, an increase of 1.4% year-over-year, while net merchandise sales were $768.4 million, up 1.8% compared to the prior year [39][63] - Net income decreased by 9.9% to $12.7 million, or $0.41 per diluted share, compared to $14.1 million, or $0.46 per diluted share in the same period last year [55][71] - Total gross margin for net merchandise sales was 13.9%, consistent with the same quarter last year but down from recent quarters due to a drop in higher-margin areas impacted by the pandemic [65] Business Line Data and Key Metrics Changes - In Central America, net merchandise sales increased by 1.2%, but comparable net merchandise sales decreased by 6.4% due to traffic reductions from local government restrictions [41] - The Caribbean region saw total net merchandise sales grow by 9.6%, with comparable net merchandise sales growth of 6.4%, driven by strong performance in the Dominican Republic, Trinidad, and Jamaica [42] - In Colombia, net merchandise sales decreased by 14.5%, with comparable net merchandise sales down 14.8%, significantly impacted by currency fluctuations [44] Market Data and Key Metrics Changes - The company faced varying impacts across its 13 markets, with some experiencing temporary club closures and restrictions on operations due to COVID-19 [24][23] - Membership accounts decreased by 2.2% year-over-year, with a trailing 12-month renewal rate of 82.5%, down from 85% the previous year [47][48] - Membership income increased by 3% during the quarter, attributed to new club openings and the launch of platinum membership programs in various markets [51][52] Company Strategy and Development Direction - The company focused on cash management and liquidity during the pandemic, balancing the need for sufficient liquidity while pursuing growth opportunities [33][62] - The launch of the Click & Go program, enabling minimal contact shopping, has been a significant development, representing 2.7% of net merchandise sales in June [30][28] - The company plans to open its third warehouse club in Bogota, Colombia, in Q2 of fiscal 2021, indicating ongoing expansion efforts despite the pandemic [37][56] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the pandemic but expressed confidence in the company's adaptability and ability to meet member needs [10][38] - The company is preparing for various scenarios regarding potential COVID-19 resurgences and associated restrictions, emphasizing the importance of flexibility [90][91] - Management believes that the pandemic has accelerated some plans and highlighted opportunities for growth and improvement in operations [61][62] Other Important Information - The company opened its 46th club in Liberia, Costa Rica, marking a significant milestone in its expansion strategy [35][56] - Cash provided by operating activities increased by $61.2 million compared to the previous year, reflecting adjustments to inventory levels in response to demand shifts [73] - The company has taken proactive measures to manage costs, including furloughing employees and negotiating extended terms with vendors [78][77] Q&A Session Summary Question: Inquiry about gross margins and merchandise mix - Management noted that gross margins decreased due to restrictions on services requiring physical contact, impacting higher-margin areas like bakery and optical [85] Question: Improvement in higher value-added services - Management confirmed that there have been incremental improvements in services like optical and bakery, but the situation remains dynamic [87] Question: Potential for additional restrictions due to COVID-19 resurgence - Management stated that they are preparing for various scenarios and believe that increased COVID-19 cases could lead to greater restrictions [90][91] Question: Comparison of Click & Go program with competitors - Management emphasized that they have launched and expedited the Click & Go program effectively, receiving positive feedback from members [92]

PriceSmart, Inc. (NASDAQ:PSMT) Q2 2020 Earnings Conference Call April 9, 2020 12:00 PM ET Company Participants Michael McCleary - SVP and Interim CFO Sherry Bahrambeygui - CEO Conference Call Participants Rodrigo Echagaray - Scotiabank Jon Braatz - Kansas City Capital Operator Good morning or good afternoon, everyone and welcome to the PriceSmart, Incorporated Earning Release Conference Call for the Second Quarter of Fiscal Year 2020, which ended on February 29, 2020. After remarks from our company represen ...

PriceSmart, Inc. (NASDAQ:PSMT) Q1 2020 Earnings Conference Call January 10, 2020 12:00 PM ET Company Participants Michael McCleary - SVP and Interim-CFO Sherry Bahrambeygui - CEO Conference Call Participants Jon Braatz - Kansas City Capital Operator Good day, and welcome to the First Quarter FY '20 Financial Results Conference Call. [Operator Instructions] I'd now like to turn the conference over to Mr. Michael McCleary, Senior Vice President and Interim Chief Financial Officer. Please go ahead. Michael McC ...