PriceSmart Q2 net sales exceed $1B for first time; EPS $1.03 vs $0.92

PRICESMART INC

2022-Q2 EPS reported $2.01 revenue$2,013,913,000

Q2 net merchandise sales $1.01B, +12.6% YoY; comparable sales +10.3%.
Operating income $48.3M (vs $45.0M); diluted EPS $1.03 (vs $0.92).
Membership renewal rate record 89.8%; membership base at all-time high.
Plans to open 50th club in Portmore, Jamaica in April 2022; 49 clubs currently.
Foreign currency headwind of $26.3M (3.0%) on net sales; $24.2M (2.7%) on comps.

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