secwatch.observer — SEC 8-K summary
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Issuer:     PRICESMART INC (PSMT)
CIK:        0001041803
Form:       8-K
Filed at:   2022-04-07T23:59:59+00:00
Accession:  0001041803-22-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041803/000104180322000022/0001041803-22-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041803/000104180322000022/psmt-20220407x8k.htm
  HTML page:      https://secwatch.observer/filing/0001041803-22-000022

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