PriceSmart, Inc. owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sell brand name and private label consumer products and provide services, such as optical and tires to individuals and businesses. As of February 03, 2021, the company operated 47 warehouse clubs in 12 countries and one U.S. territory. PriceSmart, Inc. was founded in 1994 and is headquartered in San Diego, California.
IPO Year:
Exchange: NASDAQ
Website: pricesmart.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/1/2023 | $82.00 | Buy | Jefferies |
11/29/2022 | $96.00 → $77.00 | Sector Outperform → Sector Perform | Scotiabank |
4/19/2022 | $100.00 | Sector Perform → Sector Outperform | Scotiabank |
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NET MERCHANDISE SALES GREW 9.5%COMPARABLE NET MERCHANDISE SALES INCREASED 6.2% $0.94 EARNINGS PER DILUTED SHARE SAN DIEGO, Oct. 30, 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 fourth quarter of 2024, which ended on August 31, 2024. Fourth Quarter Financial Results Total revenues for the fourth quarter of fiscal year 2024 increased 9.6% to $1.23 billion compared to $1.12 billion in the same period of the prior year. For the fourt
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) 549-8228 or (646) 564-2877 for international callers and asking to join the PriceSmart earnings call. A digital replay will be available shortly following the conclusion of the call through Thur
NET MERCHANDISE SALES GREW 11.6%COMPARABLE NET MERCHANDISE SALES INCREASED 7.8% $1.08 EARNINGS PER DILUTED SHARE 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. Third Quarter Financial Results 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 thi
SAN DIEGO, June 3, 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 the publication of its fiscal year 2023 Environmental and Social Responsibility (ESR) report. This comprehensive report provides information on PriceSmart's commitment to sustainability and positively impacting communities and the environment. Through detailed insights into the Company's programs and initiatives, the report describes PriceSmart's dedication to fostering environmental ste
NET MERCHANDISE SALES GREW 13.0%COMPARABLE NET MERCHANDISE SALES INCREASED 8.8% $1.31 EARNINGS PER DILUTED SHARE & ADJUSTED EARNINGS PER DILUTED SHARE SAN DIEGO, April 9, 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 second quarter of 2024, which ended on February 29, 2024. Second Quarter Financial Results Total revenues for the second quarter of fiscal year 2024 increased 13.1% to $1.29 billion compared to $1.14 billion in the c
SAN DIEGO, March 1, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT) today announced that on February 15, 2024 the Company opened its newest warehouse club in the city of Santa Ana, El Salvador, bringing the total number of warehouse clubs in operation by the Company to 54. The Santa Ana club is the fourth club in El Salvador and was constructed on a five-acre property. Second Quarter Conference Call Details PriceSmart plans to release financial results for the second quarter of fiscal year 2024 on Tuesday, April 9, 2024 after the market clos
SAN DIEGO, Feb. 2, 2024 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ:PSMT), operator of 53 warehouse clubs in 12 countries and one U.S. territory, today announced a 26% increase to its annual dividend and the results of the Company's 2024 annual meeting of stockholders that was held on February 1, 2024. Declaration of Cash Dividend On February 1, 2024, the Company's Board of Directors declared its annual cash dividend in the total amount of $1.16 per share, with $0.58 per share payable on February 29, 2024 to stockholders of record as of February 15, 2024 and $0.58 per share payab
NET MERCHANDISE SALES GREW 10.7% COMPARABLE NET MERCHANDISE SALES INCREASED 8.0% $1.24 EARNINGS PER DILUTED SHARE & ADJUSTED EARNINGS PER DILUTED SHARE SAN DIEGO, Jan. 9, 2024 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ:PSMT), operator of 53 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal first quarter of 2024, which ended on November 30, 2023. First Quarter Financial Results Total revenues for the first quarter of fiscal year 2024 increased 10.6% to $1.17 billion compared to $1.05 billion in the comparable period of the prior year
SAN DIEGO, Dec. 1, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ:PSMT) today announced that on November 30, 2023 the Company opened its newest warehouse club in Escuintla, Guatemala, bringing the total number of warehouse clubs in operation by the Company to 53. The Escuintla club is the sixth club in Guatemala and was constructed on a five-acre property. First Quarter Conference Call Details PriceSmart plans to release financial results for the first quarter of fiscal year 2024 on Tuesday, January 9, 2024 after the market closes. PriceSmart management will host a conference
SAN DIEGO, Sept. 5, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ:PSMT) today announced that on September 1, 2023 the Company opened its newest warehouse club in Medellín, Colombia, bringing the total number of warehouse clubs in operation by the Company to 52. The El Poblado club is the second club in Medellín and tenth overall club in Colombia and was constructed on a three-acre property in the El Poblado area. Fourth Quarter Conference Call Details PriceSmart plans to release financial results for the fourth quarter of fiscal year 2023 on Monday, October 30, 2023 after the
Jefferies initiated coverage of PriceSmart with a rating of Buy and set a new price target of $82.00
Scotiabank downgraded PriceSmart from Sector Outperform to Sector Perform and set a new price target of $77.00 from $96.00 previously
Scotiabank upgraded PriceSmart from Sector Perform to Sector Outperform and set a new price target of $100.00
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NET MERCHANDISE SALES GREW 9.5%COMPARABLE NET MERCHANDISE SALES INCREASED 6.2% $0.94 EARNINGS PER DILUTED SHARE SAN DIEGO, Oct. 30, 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 fourth quarter of 2024, which ended on August 31, 2024. Fourth Quarter Financial Results Total revenues for the fourth quarter of fiscal year 2024 increased 9.6% to $1.23 billion compared to $1.12 billion in the same period of the prior year. For the fourt
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) 549-8228 or (646) 564-2877 for international callers and asking to join the PriceSmart earnings call. A digital replay will be available shortly following the conclusion of the call through Thur
NET MERCHANDISE SALES GREW 11.6%COMPARABLE NET MERCHANDISE SALES INCREASED 7.8% $1.08 EARNINGS PER DILUTED SHARE 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. Third Quarter Financial Results 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 thi
SAN DIEGO, June 3, 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 the publication of its fiscal year 2023 Environmental and Social Responsibility (ESR) report. This comprehensive report provides information on PriceSmart's commitment to sustainability and positively impacting communities and the environment. Through detailed insights into the Company's programs and initiatives, the report describes PriceSmart's dedication to fostering environmental ste
NET MERCHANDISE SALES GREW 13.0%COMPARABLE NET MERCHANDISE SALES INCREASED 8.8% $1.31 EARNINGS PER DILUTED SHARE & ADJUSTED EARNINGS PER DILUTED SHARE SAN DIEGO, April 9, 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 second quarter of 2024, which ended on February 29, 2024. Second Quarter Financial Results Total revenues for the second quarter of fiscal year 2024 increased 13.1% to $1.29 billion compared to $1.14 billion in the c
SAN DIEGO, March 1, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT) today announced that on February 15, 2024 the Company opened its newest warehouse club in the city of Santa Ana, El Salvador, bringing the total number of warehouse clubs in operation by the Company to 54. The Santa Ana club is the fourth club in El Salvador and was constructed on a five-acre property. Second Quarter Conference Call Details PriceSmart plans to release financial results for the second quarter of fiscal year 2024 on Tuesday, April 9, 2024 after the market clos
SAN DIEGO, Feb. 2, 2024 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ:PSMT), operator of 53 warehouse clubs in 12 countries and one U.S. territory, today announced a 26% increase to its annual dividend and the results of the Company's 2024 annual meeting of stockholders that was held on February 1, 2024. Declaration of Cash Dividend On February 1, 2024, the Company's Board of Directors declared its annual cash dividend in the total amount of $1.16 per share, with $0.58 per share payable on February 29, 2024 to stockholders of record as of February 15, 2024 and $0.58 per share payab
NET MERCHANDISE SALES GREW 10.7% COMPARABLE NET MERCHANDISE SALES INCREASED 8.0% $1.24 EARNINGS PER DILUTED SHARE & ADJUSTED EARNINGS PER DILUTED SHARE SAN DIEGO, Jan. 9, 2024 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ:PSMT), operator of 53 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal first quarter of 2024, which ended on November 30, 2023. First Quarter Financial Results Total revenues for the first quarter of fiscal year 2024 increased 10.6% to $1.17 billion compared to $1.05 billion in the comparable period of the prior year
SAN DIEGO, Dec. 1, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ:PSMT) today announced that on November 30, 2023 the Company opened its newest warehouse club in Escuintla, Guatemala, bringing the total number of warehouse clubs in operation by the Company to 53. The Escuintla club is the sixth club in Guatemala and was constructed on a five-acre property. First Quarter Conference Call Details PriceSmart plans to release financial results for the first quarter of fiscal year 2024 on Tuesday, January 9, 2024 after the market closes. PriceSmart management will host a conference
SAN DIEGO, Sept. 5, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ:PSMT) today announced that on September 1, 2023 the Company opened its newest warehouse club in Medellín, Colombia, bringing the total number of warehouse clubs in operation by the Company to 52. The El Poblado club is the second club in Medellín and tenth overall club in Colombia and was constructed on a three-acre property in the El Poblado area. Fourth Quarter Conference Call Details PriceSmart plans to release financial results for the fourth quarter of fiscal year 2023 on Monday, October 30, 2023 after the
David Price Appointed Executive Vice President and Chief Transformation Officer Welcomes Wayne Sadin as Chief Information Officer SAN DIEGO, July 28, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ:PSMT) announced today that David Price, formerly the Executive Vice President and Chief of Staff to the Interim CEO, has been appointed as Executive Vice President and Chief Transformation Officer, effective immediately. The Company expects this organizational change will promote better collaboration, alignment, and agility within the Company. Several key areas will now report to Mr. Price including Information Technology, PriceSmart.com, and the Project Management Office.
SAN DIEGO, June 2, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ:PSMT) today announced the release of its Environmental and Social Responsibility (ESR) report for fiscal year 2022 (September 1, 2021 to August 31, 2022). PriceSmart's second annual ESR report illustrates the Company's continued dedication to sustainability, responsible corporate conduct, and transparency in its business in the United States and across the 12 countries and one U.S. territory in which the Company operates. This ESR report provides an overview of PriceSmart's commitment to employees, Members, commu
SAN DIEGO, Feb. 3, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ:PSMT), operator of 50 warehouse clubs in 12 countries and one U.S. territory, today announced a 7.0% increase to its annual dividend, the results of the Company's 2023 annual meeting of stockholders that was held on February 3, 2023 and the appointment of a new director to the Company's Board of Directors. Comments from Robert Price, Interim Chief Executive Officer: "Driven by the strength of our business and cash flows from operations, the Board of Directors has increased the annual dividend by approximately 7.0
Sherry Bahrambeygui to Resign as CEO Effective February 3, 2023 Robert Price to Become Interim CEO SAN DIEGO, Dec. 9, 2022 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ:PSMT) announced today that Sherry Bahrambeygui will be resigning as Chief Executive Officer, effective February 3, 2023, the date of the Company's annual stockholder meeting, in order to pursue new professional and philanthropic interests. Robert Price, the Company's founder and Chairman of the Board, will become Interim Chief Executive Officer. John Hildebrandt, the Company's Executive Vice President and Chief Operating Officer, has been promoted to President and Chief Operating Officer. David Price, who currently serves as th
PriceSmart, Inc. (NASDAQ:PSMT) shares are trading higher after the company reported third-quarter FY24 revenue growth of 12.1% Y/Y to $1.23 billion, beating the consensus of $1.21 billion. Net merchandise sales grew 11.6% to $1.19 billion in the quarter, and on a constant currency basis, sales increased by 9.1% Y/Y. Comparable net merchandise sales for the 50 warehouse clubs open for more than 13 ½ calendar months increased 7.8% for the 13 weeks ended June 2, 2024. Operating income rose to $49.9 million from $43.1 million in the prior year quarter. Adjusted EBITDA stood at $71.0 million vs. $63.9 million in the same period last year. Adjusted EPS of $1.08, exceeding the consensus
The futures market on Thursday reflected jitteriness as traders awaited the all-important consumer price inflation data. The broader market is amid a multi-session winning run and has been breaking records session after session, sending the valuation of especially some mega-cap stocks to unsustainable levels. An in-line to tamer monthly headline number could push up the S&P 500 Index by as much as 1.75%, according to JPMorgan’s trading desk. A miss could send the index tumbling by as much as 2.50%, traders at the firm said. The first few key earnings reports that dropped in disappointed, likely setting off worries concerning the reporting season. Traders may also keep a close eye on a cou
Shares of WD-40 Company (NASDAQ:WDFC) rose sharply in today's pre-market trading after the company posted stronger-than-expected results for its third quarter on Wednesday. Quarterly sales came in at $155 million which beat the analyst consensus estimate of $145.8 million. WD-40 reported quarterly earnings of $1.46 per share which beat the analyst consensus estimate of $1.27 per share, according to data from Benzinga Pro. WD-40 shares jumped 12.5% to $247.20 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Volcon, Inc. (NASDAQ:VLCN) rose 65.8% to $6.05 in pre-market trading after declining over 6% on Wednesday. Actelis Networks, Inc.
With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows: Wall Street expects PepsiCo, Inc. (NASDAQ:PEP) to report quarterly earnings at $2.16 per share on revenue of $22.60 billion before the opening bell, according to data from Benzinga Pro. PepsiCo shares gained 0.2% to $163.99 in the after-hours trading session. WD-40 Company (NASDAQ:WDFC) posted stronger-than-expected results for its third quarter on Wednesday. WD-40 shares surged 12.3% to $246.69 in the after-hours trading session. Analysts are expecting Delta Air Lines, Inc. (NYSE:DAL) to post quarterly earnings at $2.37 per share on revenue of $15.4
Pricesmart (NASDAQ:PSMT) reported quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $1.01 by 6.93 percent. The company reported quarterly sales of $1.230 billion which beat the analyst consensus estimate of $1.207 billion by 1.92 percent. This is a 12.12 percent increase over sales of $1.097 billion the same period last year.
The market’s bullish bias will likely be put to the test on Wednesday as some key market-moving catalysts due this week could pose a threat to the upward momentum. Federal Reserve Chair Jerome Powell is scheduled to testify before the House Financial Committee and is widely expected to be in line with his comments from Tuesday. Traders may also bide time as the second-quarter earnings season kicks off with the big banks this week. Early indications suggest tech stocks could extend their strength, potentially propping up the market that has been on an extended run. The results of the 10-year note auction could also impact sentiment. Some profit-taking cannot be ruled out ahead of Thursday’
The CNN Money Fear and Greed index remained in the “Neutral” zone on Tuesday. U.S. stocks closed mixed on Tuesday, with the S&P 500 hitting fresh record as Federal Reserve Chairman Jerome Powell issued positive comments on the economy and the job market during his semiannual testimony before the Senate Banking Committee. Data on consumer price index for June will be released on Thursday, while producer price index data will be released on Friday. NVIDIA Corporation (NASDAQ:NVDA) shares gained 2.5% on Tuesday as Keybanc analyst John Vinh maintained the stock with an Overweight rating and boosted the price target from $130 to $180. Most sectors on the S&P 500 closed on a positive n
With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Manchester United Plc. (NYSE:MANU) to report a quarterly loss at 27 cents per share on revenue of $162.92 million before the opening bell, according to data from Benzinga Pro. Manchester United shares gained 1.6% to $16.19 in the after-hours trading session. Kura Sushi USA (NASDAQ:KRUS) posted downbeat results for its third quarter on Tuesday. Kura Sushi shares fell 4.2% to $56.00 in the after-hours trading session. Analysts are expecting PriceSmart, Inc. (NASDAQ:PSMT) to post quarterly earnings at $1.01 per share on revenue of $
The Nasdaq 100 closed higher by around 0.2% on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Mattel The Trade: Mattel, Inc. (NASDAQ:MAT) EVP & Chief Supply Chain Offr Zanatta Roberto Jacobo Isaias sold a total of 21,655 s