PriceSmart evaluating Chile as a potential new market

PriceSmart (PSMT) continues to pursue opportunities to add new warehouse clubs in existing markets and to assess opportunities in new markets. In particular, the company is currently evaluating Chile as a potential new market for multiple PriceSmart warehouse clubs. The company has hired local consultants to help in this process and is actively looking for potential sites for new warehouse clubs in Chile. However, opening PriceSmart warehouse clubs in Chile remains subject to finding appropriate sites for warehouse clubs and distribution facilities, the results of continuing market analyses and receipt of required governmental permits, among other uncertainties.