PriceSmart Q2 net sales up 10.3%, adjusted EPS $1.25 vs $1.03; plans new El Salvador club

PRICESMART INC

2023-Q2 EPS reported $2.07 revenue$2,196,995,000

Net merchandise sales $1.12B (+10.3% YoY); comparable store sales +8.5%.
GAAP diluted EPS $1.02; adjusted diluted EPS $1.25 vs $1.03 prior year.
Operating income rose to $53.8M from $48.3M.
New warehouse club planned in Santa Ana, El Salvador; opening early 2024.
Engaged Wayne Sadin as IT consultant to drive technology transformation.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

PRICESMART INC reported fiscal second quarter of 2023 results: revenue $1.14 billion, net income $31.3 million, EPS $1.02 per diluted share.

Period: fiscal second quarter of 2023
Revenue: $1.14 billion
Net income: $31.3 million
EPS: $1.02 per diluted share
Result: reported results

Exact text from the filing

Total revenues for the second quarter of fiscal year 2023 increased 10.0% to $1.14 billion compared to $1.04 billion in the comparable period of the prior year.

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Source: SEC EDGAR

accession 0001041803-23-000034

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