PriceSmart, Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended on November 30, 2017
January 04, 2018 at 04:00 pm EST
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PriceSmart, Inc. announced consolidated unaudited earnings results for the first quarter ended on November 30, 2017. For the quarter, the company reported total revenues were $767,072,000 compared to $739,572,000 a year ago. Operating income was $33,166,000 compared to $38,379,000 a year ago. Net income was $22,490,000 compared to $24,869,000 a year ago. Basic and diluted net income per share was $0.74 compared to $0.82 a year ago. Interest income was $400,000 compared to $502,000 a year ago.
PriceSmart, Inc. owns and operates United States (US)-style membership shopping warehouse clubs in Latin America and the Caribbean, selling merchandise and providing services to PriceSmart members. The Company operates approximately 52 warehouse clubs in 12 countries and one US territory. Its segments include the US, Central America, the Caribbean and Colombia. It offers merchandise and services in various categories, such as consumables, fresh foods, hardlines, food service and bakery, and health services. It also owns Member's Selection private label products. The Company's consumable products include groceries, cleaning supplies, and health and beauty aids. Its fresh food products include meat, produce, deli, seafood and poultry. The Company's hardline products include electronics, automotive, hardware, sporting goods, and seasonal products. Its softline products include clothing, domestics and home furnishing products. Its health services include optical, audiology and pharmacy.
PRICESMART, INC. 
