PriceSmart (PMST) Q3 Earnings Beat, Comparable Sales Up 7.8%

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 ...