secwatch.observer — SEC 8-K summary
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Issuer:     PRICESMART INC (PSMT)
CIK:        0001041803
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001041803-24-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041803/000104180324000025/0001041803-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041803/000104180324000025/psmt-20240409.htm
  HTML page:      https://secwatch.observer/filing/0001041803-24-000025

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