PriceSmart reports Q3 EPS $1.08, consensus $1.01

Reports Q3 revenue $1.23B, consensus $1.21B. Net merchandise sales – constant currency increased 9.1% over the comparable prior year period. Foreign currency exchange rate fluctuations impacted net merchandise sales positively by $27.3 million, or 2.5%, versus the same period in the prior year. Comparable net merchandise sales for the 50 warehouse clubs that have been open for greater than 13 1/2 calendar months increased 7.8% for the 13-week period ended June 2, 2024 compared to the comparable 13-week period of the prior year. Comparable net merchandise sales – constant currency for the 13 weeks ended June 2, 2024 increased 5.6%. Foreign currency exchange rate fluctuations impacted comparable net merchandise sales positively by 2.2% versus the same period in the prior year.