PriceSmart Reports 7.8% Growth in Q1 Net Merchandise Sales

By Bobby Samwell • Thursday, January 09 10:16 • Permanent Link

Pricesmart, Inc. has reported its fiscal 2025 first quarter operating results, with net merchandise sales growing 7.8% to $1.22 billion from $1.14 billion in the same period of the prior year. Comparable net merchandise sales for the 52 warehouse clubs that have been open for over 13 ½ calendar months increased 5.7% for the 13-week period ended December 1, 2024 compared to the same period in the prior year. Adjusted EBITDA for the first quarter of fiscal year 2025 was $79.1 million, up from $77.8 million in the same period last year. However, net income decreased 1.6% to $37.4 million, or $1.21 per diluted share, in the first quarter of fiscal year 2025 compared to $38.0 million, or $1.24 per diluted share, in the first quarter of fiscal year 2024. Total revenues for the first quarter of fiscal year 2025 increased 7.8% to $1.26 billion compared to $1.17 billion in the comparable period of the prior year. Operating income during the fiscal first quarter was $58.3 million compared to $58.2 million in the prior year period. The company had 54 warehouse clubs in operation as of November 30, 2024 compared to 53 warehouse clubs in operation as of November 30, 2023. Following these announcements, the company's shares moved 1.3%, and are now trading at a price of $93.45. If you want to know more, read the company's complete 8-K report here.

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