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PriceSmart reports Q3 comparable net merchandise sales up 5.8%

Net merchandise sales grew 7.1%. Comparable net merchandise sales for the 49 warehouse clubs that have been open for greater than 13 1/2 calendar months increased 5.8% for the 13-week period ended June 4, 2023 compared to the comparable 13-week period of the prior year. Comparable net merchandise sales – constant currency for the 13 weeks ended June 4, 2023 increased 4.3%. Foreign currency exchange rate fluctuations impacted comparable net merchandise sales positively by 1.5% versus the same period in the prior year.

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