PriceSmart Q4 revenue up 10% to $1.12B but GAAP EPS $0.49 on $9.2M tax charge

PRICESMART INC

2023-FY EPS reported $3.50 revenue$4,411,842,000

Net merchandise sales $1.09B (+10.0% YoY); comps +8.8% (constant currency +5.2%).
GAAP diluted EPS $0.49 vs $0.75; adjusted diluted EPS $0.65 (includes $0.30 tax settlement hit).
Operating income $32.1M vs $39.0M; includes $9.2M minimum tax litigation charge and $5.7M asset impairment.
Completed $75M share repurchase (1,007,000 shares); no new buyback program expected currently.
FY2023 full-year adjusted EPS $4.06 vs $3.33; adjusted EBITDA $275.7M.

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 0.95

PRICESMART INC reported fourth quarter ended August 31, 2023 results: revenue $1.12 billion, net income $15.4 million, or $0.49 per diluted share, EPS $0.49 per diluted share.

Period: fourth quarter ended August 31, 2023
Revenue: $1.12 billion
Net income: $15.4 million, or $0.49 per diluted share
EPS: $0.49 per diluted share
Result: reported results

Exact text from the filing

Total revenues for the fourth quarter of fiscal year 2023 increased 9.5% to $1.12 billion compared to $1.02 billion in the comparable period of the prior year.

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Source: SEC EDGAR

accession 0001041803-23-000056

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