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PSMT PriceSmart News Story

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Consumer CyclicalsBalancedLarge CapHigh Flyer

Membership warehouse club operator PriceSmart beats Q3 revenue estimate

Overview

PriceSmart fiscal Q3 revenue rose 7.1% to $1.32 bln, beating estimate, per LSEG data

Net merchandise sales increased 8.0%, with constant currency growth of 9.5%

Company evaluating Chile as a potential new market for expansion

Outlook

Company evaluating Chile as a potential new market for expansion

PriceSmart actively seeking sites for new warehouse clubs in Chile

Result Drivers

NEW CLUB OPENING - Addition of a new warehouse club contributed to sales growth

CONSTANT CURRENCY GROWTH - Net merchandise sales grew 9.5% in constant currency, despite negative currency impacts

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$1.32 bln$1.31 bln (1 Analyst)
Q3 EPS$1.14
Q3 Net Income$35.16 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the discount stores peer group is "buy" Wall Street's median 12-month price target for PriceSmart Inc is $100.00, about 2% below its July 9 closing price of $102.01 Press Release: ID:nPn4zFr4za (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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