PriceSmart Q1 net sales $1.03B (+8.6%), EPS $1.05, up 7.1% YoY

PRICESMART INC

2023-Q1 EPS reported $1.05 revenue$1,054,806,000

Net merchandise sales $1.03B, up 8.6% YoY (negative 2.3% FX impact).
Comparable net sales +5.0% (negative 2.1% FX impact); 50 clubs vs 49 last year.
Diluted EPS $1.05 (record), up 7.1% from $0.98; net income $32.9M, +7.9%.
Membership income record $15.9M (+7.5%); renewal rate 87.9%; accounts 1.76M (+3.9%).
Plans to open two new clubs in El Salvador (spring 2023) and Colombia (summer 2023).

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