secwatch.observer — SEC 8-K summary
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Issuer:     PRICESMART INC (PSMT)
CIK:        0001041803
Form:       8-K
Filed at:   2023-01-09T23:59:59+00:00
Accession:  0001041803-23-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041803/000104180323000009/0001041803-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041803/000104180323000009/psmt-20230109x8k.htm
  HTML page:      https://secwatch.observer/filing/0001041803-23-000009

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