Pricesmart ( (PSMT) ) has released its Q1 earnings. Here is a breakdown of the information Pricesmart presented to its investors.
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PriceSmart, Inc. operates as a membership-based shopping warehouse club in Latin America and the Caribbean, offering a wide range of merchandise and services to its members.
In its fiscal first quarter of 2025, PriceSmart reported a notable increase in net merchandise sales, showcasing a growth of 7.8% compared to the previous year. This growth reflects the company’s robust operational performance despite challenges such as foreign currency exchange rate fluctuations.
Key financial highlights from the quarter include a total revenue increase to $1.26 billion and comparable net merchandise sales growth of 5.7%. Operating income remained relatively stable at $58.3 million, while net income saw a slight decline to $37.4 million. The company’s adjusted EBITDA improved to $79.1 million, reflecting a solid operational base.
Going forward, PriceSmart is set to expand its footprint with planned openings of warehouse clubs in Costa Rica and Guatemala in 2025. The management remains optimistic about continuing its growth trajectory, focusing on delivering value to its members across diverse markets.
