PriceSmart rises on sales, membership growth

PriceSmart

09/07/2021 19:12

** Shares in warehouse club chain  PSMT.O  rise 2.8% to
$91.33 - set for best day in two months
    ** PSMT said on Thursday after the bell its total revenue
for Q3 increased 11.9% to $895.3 million on higher membership
income  urn:newsml:reuters.com:*:nPn9PZDTfa
    ** Membership base is rapidly approaching its peak pre-COVID
level, said CEO Sherry Bahrambeygui
    ** Per-share profit rose to 73 cents from 41 cents a year
earlier
    ** CEO also notes on Friday's earnings call PSMT is seeing
continued sales growth as it enters Q4
    ** PSMT shares largely flat this year after rising 28% last
year

 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))