Pricesmart, Inc. Announces Sales Results for the Month and Four Months Ended December 31, 2016
January 06, 2017 at 08:00 am EST
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PriceSmart, Inc. announced sales results for the month and four months ended December 31, 2016. For the month net sales increased 2.9% to $328.2 million from $319.1 million in December a year earlier.
For the four months ended December 31, 2016, net sales increased 3.4% to $1,044.3 million from $1,010.0 million in the same period last year. There were 39 warehouse clubs in operation at the end of December 2016 compared to 38 warehouse clubs in operation in December 2015.
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. 
