secwatch.observer — SEC 8-K summary
======================================

Issuer:     PRICESMART INC (PSMT)
CIK:        0001041803
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001041803-23-000056
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041803/000104180323000056/0001041803-23-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041803/000104180323000056/psmt-20231030.htm
  HTML page:      https://secwatch.observer/filing/0001041803-23-000056

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