PriceSmart March sales rose 17.1% but traffic tapered off at month-end [MarketWatch]
PriceSmart, Inc. (PSMT)
Last pricesmart, inc. earnings: 7/10 04:01 pm
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Source: MarketWatch
Warehouse club operator PriceSmart Inc. said Tuesday net merchandise sales rose 17.1% in March to $306.1 million, up from $261.5 million in the year-earlier period. Same-store sales rose 15.7%, the San Diego, Calif.-based company said in a statement. Like other retailers, the company felt the effect of the coronavirus pandemic. "Although overall sales for the month of March 2020 increased significantly, driven by members stocking up primarily on food and essentials ahead of potential 'shelter in place' advisories, sales moderated and later decreased in the second half of the month," the companmy said. "Toward the end of March, we experienced a noticeable reduction in traffic that we believe was driven by restrictive government mandates and consumer concerns about potential exposure." The company is expecting the virus to adversely affect traffic and sales for the next few months. PriceSmart is drawing down credit facilities and delaying spending on certain projects, as it works to con
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News
- Toshiba's New Commerce Marketplace Empowers Retailers with Access to Leading Solutions and Partners [Yahoo! Finance]Yahoo! Finance
- PriceSmart Announces Earnings Release and Conference Call Details for the First Quarter of Fiscal 2025PR Newswire
- PriceSmart, Inc. (NASDAQ: PSMT) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- PriceSmart, Inc. (NASDAQ: PSMT) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Is Now The Time To Put PriceSmart (NASDAQ:PSMT) On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
PSMT
Earnings
- 10/30/24 - Miss
PSMT
Sec Filings
- 12/18/24 - Form ARS
- 12/18/24 - Form DEFA14A
- 12/18/24 - Form DEF
- PSMT's page on the SEC website