SAN DIEGO, April 30, 2025 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT), a leading membership shopping warehouse club, is proud to announce the release of its 2024 Sustainability Report. The report underscores the Company's ongoing commitment to responsible business practices across its operations in the United States, 12 countries, and one U.S. territory. The 2024 Sustainability Report details PriceSmart's progress in environmental, social, and governance ("ESG") initiatives. It is structured around four key pillars that form the foundation of

NET MERCHANDISE SALES GREW 5.8%COMPARABLE NET MERCHANDISE SALES INCREASED 6.7% $1.45 EARNINGS PER DILUTED SHARE SAN DIEGO, April 9, 2025 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT), operator of 55 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal second quarter of 2025, which ended on February 28, 2025. Second Quarter Financial Results Total revenues for the second quarter of fiscal year 2025 increased 5.6% to $1.36 billion compared to $1.29 billion in the comparable period of the prior year. For t

SAN DIEGO, Feb. 28, 2025 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT) plans to release financial results for the second quarter of fiscal year 2025 on Wednesday, April 9, 2025, 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, April 10, 2025, to discuss the financial results. Individuals interested in participating in the conference call may do so by dialing toll free (800) 549-8228 for domestic callers 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 c

SAN DIEGO, Feb. 7, 2025 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT), operator of 54 warehouse clubs in 12 countries and one U.S. territory, today announced an 8.6% increase to its annual dividend and the results of the Company's 2025 annual meeting of stockholders that was held on February 6, 2025. Declaration of Cash Dividend On February 6, 2025, the Company's Board of Directors declared an annual cash dividend in the total amount of $1.26 per share, with $0.63 per share payable on February 28, 2025 to stockholders of record as of February 1

NET MERCHANDISE SALES GREW 7.8%COMPARABLE NET MERCHANDISE SALES INCREASED 5.7%$1.21 EARNINGS PER DILUTED SHARE SAN DIEGO, Jan. 8, 2025 /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 first quarter of 2025, which ended on November 30, 2024. First Quarter Financial Results Total revenues for the first quarter of fiscal year 2025 increased 7.8% to $1.26 billion compared to $1.17 billion in the comparable period of the prior year. For the fi

SAN DIEGO, Jan. 3, 2025 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT) today announced plans to release financial results for the first quarter of fiscal year 2025 on Wednesday, January 8, 2025 after the market closes. PriceSmart had previously planned to release earnings and file its Quarterly Report on Form 10-Q on January 9, 2025, but the Securities and Exchange Commission will be closed and will not be accepting electronic filings on January 9, 2025 as a mark of respect for the thirty-ninth President of the United States, James Earl Carter, Jr., pursuant to President Biden's December 30, 2024 executive order.

SAN DIEGO, Dec. 3, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT) plans to release financial results for the first quarter of fiscal year 2025 on Thursday, January 9, 2025, 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 Friday, January 10, 2025, 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 Friday, Ja

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

Gualberto Hernandez to be appointed as CFO; Michael McCleary to Retire SAN DIEGO, May 9, 2025 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT) today announced the appointment of Gualberto Hernandez as Executive Vice President and Chief Financial Officer effective June 1, 2025. PriceSmart's current Executive Vice President and Chief Financial Officer Michael McCleary resigned by mutual agreement with the Company, but will continue to serve as an Executive Vice President of the Company through September 30, 2025. Thereafter, Mr. McCleary has agreed to provide consulting support of up to 40 hours per month for three months following his resignation.

Robert Price to Step Down as Interim CEO; Will Become Executive Chairman of the Board of Directors David Price Named CEO to Succeed Robert Price SAN DIEGO, March 3, 2025 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT) today announced that Robert Price has notified the Board of Directors of his intention to step down as Interim Chief Executive Officer effective August 31, 2025. David Price, the Company's current Executive Vice President and Chief Transformation Officer and member of the Board of Directors, will become Chief Executive Officer effective September 1, 2025. Robert Price will become Executive Chairman of the Board of Directors.

BTB Therapeutics, Inc., a clinical-stage drug development company developing a non-opioid pain medicine ENDOPIN, today announced the election of David R. Snyder, Esq. and Nobuhiro Yagi, PhD to its board of directors. Mr. Snyder retired as a partner with Pillsbury Winthrop Shaw Pittman LLP effective January 1, 2025. Mr. Snyder was a lawyer in the firm's Corporate & Securities practice for over 30 years, focusing on corporate finance and mergers and acquisitions for both private and public companies. For the past several years he has held an adjunct faculty appointment at the University of San Diego School of Law. Mr. Snyder holds a Doctor of Law degree from Cornell University and a Bachelor

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