PriceSmart Q2 EPS $1.31 (+28% YoY); declares $1.00 special dividend; plans 9th Costa Rica club

PRICESMART INC

2024-Q2 EPS reported $2.54 revenue$2,458,425,000

Total revenues $1.29B (+13.1% YoY); net merchandise sales +13.0% to $1.26B; comparable sales +8.8%.
Net income $39.3M ($1.31 diluted EPS) vs $31.3M ($1.02) in prior year; adjusted EPS also $1.31.
Special dividend of $1.00 per share declared, payable April 30, 2024 to holders of record April 19.
New warehouse club in Cartago, Costa Rica purchased; expected to open early 2025, raising total to 55 clubs.
Operating income $63.6M vs $53.8M; adjusted EBITDA $84.1M vs $79.4M in Q2 last year.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PRICESMART INC reported second quarter ended February 29, 2024 results: revenue $1.29 billion, net income $39.3 million, EPS $1.31 per diluted share.

Period: second quarter ended February 29, 2024
Revenue: $1.29 billion
Net income: $39.3 million
EPS: $1.31 per diluted share
Result: reported results

Exact text from the filing

Total revenues for the second quarter of fiscal year 2024 increased 13.1% to $1.29 billion compared to $1.14 billion in the comparable period of the prior year.

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Source: SEC EDGAR

accession 0001041803-24-000025

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