trending Market Intelligence /marketintelligence/en/news-insights/trending/vma2ObP1wOUmnUUK96dIBA2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

PriceSmart fiscal Q3 profit climbs YOY


Tracking Credit Risk of a Major U.S. Retailer


M&A rebound sparks optimism for near-term deal activity


What's on the Horizon for the Cruise Hotel Resorts Sector


Message in a (Word)Cloud

PriceSmart fiscal Q3 profit climbs YOY

PriceSmart Inc. said its normalized net income for the fiscal third quarter ended May 31 amounted to 68 cents per share, compared with the S&P Capital IQ consensus estimate of 70 cents per share.

EPS rose year over year from 66 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $20.4 million, a gain from $19.6 million in the prior-year period.

The normalized profit margin fell to 2.9% from 3.2% in the year-earlier period.

Total revenue grew 13.3% year over year to $697.1 million from $615.0 million, and total operating expenses increased 13.6% on an annual basis to $662.9 million from $583.3 million.

Reported net income came to $20.9 million, or 70 cents per share, compared to $20.9 million, or 70 cents per share, in the year-earlier period.