PriceSmart rises on Q1 revenue beat

PriceSmart

09/01/2024 21:44

** Shares of warehouse club chain PriceSmart  PSMT.O  rise
9% to $79.5 after the bell
    ** Co reports Q1 2024 revenue of $1.17 bln vs estimates of
$1.16 bln- LSEG data
    ** Q1 2024 net merchandise sales increased 10.7% to $1.14
bln from $1.03 bln in Q1 2023
    ** Co's quarterly net income increased 15.5% to $38 mln, or
$1.24 per diluted share, compared with prior year
    ** Stock has risen ~25% in 2023

 (Reporting by Harshita Mary Varghese in Bengaluru)
 ((HarshitaMary.Varghese@thomsonreuters.com))