PriceSmart climbs after Q3 earnings beat

PriceSmart

11/07/2024 14:27

** Shares of PriceSmart  PSMT.O  up 4.8% premarket to $82.04
after warehouse club chain's fiscal Q3 earnings top consensus
    ** San Diego-based firm late Weds posted adj EPS for qtr
ended-May of $1.08, above Street view of $1.01, per LSEG
    ** Rev in qtr grew 12% to $1.23 bln, in-line with analysts'
estimate of $1.21 bln
    ** Jefferies reiterates "buy", boosts PT by $2 to $92,
calling PSMT a top pick in LatAm SMIDs (small and mid-cap)
    ** PSMT is a resilient compounder growing revenues at 10%
CAGR in US$ over the past five years, with high single digit
same-store-sales growth, Jefferies says in note
    ** Through Weds, PSMT shares up 4.6% YTD

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))