PriceSmart shares rise on strong Q2 revenue

PriceSmart

11/04/2023 14:55

** Shares of warehouse club chain PriceSmart Inc  PSMT.O 
rise 11.8% to $79.09 
    ** Co reports Q2 rev of $1.14 bln, above analysts est of
$1.13 bln- Refinitiv data
    ** Qtrly net merchandise sales increased 10.3% to $1.12 bln
from $1.01 bln in Q2 2022
    ** Co posts eps of $1.02 and adj. eps of $1.25 for the qtr 
    ** Co plans to open its 4th warehouse club in El Salvador by
early 2024
    ** Up to last close, stock had risen 29.37% YTD

 (Reporting by Khushi Singh)
 ((Khushi.Singh@thomsonreuters.com;))