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Pricesmart (PSMT)
NASDAQ:PSMT
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Earnings Data
Report Date
Apr 15, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.44Last Year’s EPS
1.31Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 09, 2019
|% Change Since: -1.63%
|Next Earnings Date:Oct 25, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture, with positive growth in net merchandise sales, membership accounts, and digital sales. However, these positives were balanced by challenges in gross margin and net income, along with increased expenses related to currency conversion and unrealized losses.Company Guidance
During PriceSmart Inc.'s Q1 2025 earnings call, Michael McCleary, the CFO, provided detailed guidance on several financial metrics. Net merchandise sales for the quarter reached $1.22 billion, marking a 7.8% increase, or 8.2% in constant currency, while total revenue was $1.26 billion. Comparable net merchandise sales saw a growth of 5.7%, or 6.1% in constant currency. The Central America segment contributed positively with an 8.4% increase in net merchandise sales, while the Caribbean and Colombia segments saw increases of 5.4% and 10.7% respectively. Membership accounts grew by 4.8% to over 1.9 million, with a renewal rate of 87.8%. The private label sales increased to represent 27.7% of total merchandise sales. The company reported an adjusted EBITDA of $79.1 million and ended the quarter with $136.5 million in cash and cash equivalents. McCleary noted that operating income remained stable at $58.3 million, and the effective tax rate decreased to 26.5% due to tax optimization initiatives. Additionally, PriceSmart's digital sales grew by 21.1%, highlighting their commitment to enhancing omnichannel shopping experiences.Increase in Net Merchandise Sales
Net merchandise sales for the first quarter were $1.22 billion, marking an increase of 7.8% or 8.2% in constant currency. Comparable net merchandise sales increased by 5.7% or 6.1% in constant currency.
Growth in Membership Accounts
Membership accounts grew 4.8% year-over-year to over 1.9 million accounts with a 12-month renewal rate of 87.8%.
Digital Sales Growth
Net merchandise sales through digital channels increased 21.1% compared to the same period in the previous year, reaching a record high of $69.4 million or 5.7% of total net merchandise sales.
Expansion of Private Label Sales
Private label sales represented 27.7% of total merchandise sales, an increase of 50 basis points from the previous year.
Decrease in Effective Tax Rate
The effective tax rate for the first quarter decreased to 26.5% from 32.3% the previous year, attributed to tax optimization initiatives.
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PSMT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PSMT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 08, 2025 | $93.45 | $89.25 | -4.49% |
| Oct 30, 2024 | $89.31 | $83.08 | -6.98% |
| Jul 10, 2024 | $77.75 | $79.67 | +2.47% |
| Apr 09, 2024 | $81.47 | $78.96 | -3.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pricesmart (PSMT) report earnings?
Pricesmart (PSMT) is schdueled to report earning on Apr 15, 2025, TBA Not Confirmed.
What is Pricesmart (PSMT) earnings time?
Pricesmart (PSMT) earnings time is at Apr 15, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PSMT EPS forecast?
PSMT EPS forecast for the fiscal quarter 2025 (Q2) is 1.44.
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