PriceSmart's NASDAQ: PSMT shares soared on the Q2 results and outlook but did not hold the gains. As ominous as the candle is, the pullback is an attractive entry point that may be among the smartest buys of the year.
PriceSmart, Inc. (NASDAQ:PSMT ) Q2 2024 Earnings Conference Call April 10, 2024 12:00 PM ET Company Participants Michael McCleary - EVP and CFO Robert Price - Interim CEO Conference Call Participants Jon Braatz - Oppenheimer Hector Maya - Scotiabank Operator Good afternoon, everyone, and welcome to PriceSmart Incorporated's Earnings Release Conference Call for the Second Quarter of Fiscal Year ...
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, wh...
Markets are preparing for the coming interest rate cycle proposed by the Federal Reserve (the Fed). Though most sectors have priced in this potential pivot, some have yet to reflect this trend higher.
Membership clubs have been leading the retail sector in growth, but there is a shadow over the market now. The segment is losing momentum, and sales are expected to slow again in 2024, setting their markets up to correct, given weaker-than-expected results.
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-ac...
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 it...
ATLANTA--(BUSINESS WIRE)-- #nrf2024--PriceSmart Inc., the largest operator of membership warehouse clubs in Central America, the Caribbean, and Colombia, announced an addition to its use of solutions provided by RELEX, a provider of unified supply chain and retail planning solutions. In September, PriceSmart began implementing RELEX for advanced forecasting, replenishment, and promotion plannin...
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