PriceSmart shares fall 3% as Q1 earnings miss estimates


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.

This text was generated with the assist of AI and reviewed by an editor. For extra info see our T&C.

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