secwatch.observer — SEC 8-K summary
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Issuer:     PRICESMART INC (PSMT)
CIK:        0001041803
Form:       8-K
Filed at:   2022-01-06T23:59:59+00:00
Accession:  0001041803-22-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PriceSmart Q1: Net sales $944M (+12.6% YoY), EPS $0.98, op income $46M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041803/000104180322000008/0001041803-22-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041803/000104180322000008/psmt-20220106x8k.htm
  HTML page:      https://secwatch.observer/filing/0001041803-22-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer