earnings
confidence high
sentiment positive
materiality 0.75
PriceSmart Q1: Net sales $944M (+12.6% YoY), EPS $0.98, op income $46M
PRICESMART INC
2022-Q1 EPS reported
$0.98
revenue$975,356,000
- Net merchandise sales $944.0M (+12.6% YoY); comparable net sales +9.4%; negative FX impact of $8.4M.
- Operating income $46.0M ($44.5M prior year); net income $30.5M ($27.7M); diluted EPS $0.98 ($0.90).
- Membership renewal rate 89.0% (trailing 12 months); membership base at all-time high.
- Operated 49 clubs vs 46 last year; 50th club planned in Portmore, Jamaica for April 2022.