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
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$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.)