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SAN DIEGO – PriceSmart , Inc. (NASDAQ:PSMT) reported first quarter fiscal 2025 outcomes that fell in need of analyst expectations, sending shares down 3.6% in after-hours buying and selling Wednesday.
The warehouse membership operator posted earnings per diluted share of $1.21 for the quarter ended November 30, 2024, lacking the analyst consensus estimate of $1.25. Income got here in at $1.26 billion, in keeping with expectations.
Internet merchandise gross sales elevated 7.8% year-over-year to $1.22 billion. On a continuing forex foundation, internet merchandise gross sales grew 8.2%. Comparable internet merchandise gross sales rose 5.7%, or 6.1% on a continuing forex foundation.
Working earnings was comparatively flat at $58.3 million in comparison with $58.2 million within the prior 12 months interval. Internet earnings decreased 1.6% to $37.4 million.
PriceSmart operated 54 warehouse golf equipment at quarter-end, up from 53 a 12 months in the past. The corporate plans to open two new golf equipment in Costa Rica and Guatemala in 2025.
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