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PriceSmart's November sales up sharply

San Diego-based PriceSmart Inc. (Nasdaq: PSMT) said Friday that its sales improved significantly in November.

The warehouse club operator said total sales for November increased 13.2 percent to $183.7 million, compared with last year. For the three months that ended Nov. 30, sales rose 11.8 percent to $523.6 million.

PriceSmart also said that for the five weeks that ended Dec. 2, sales at stores open at least a year grew by 7.8 percent compared with the same five-week period a year ago. That data is an important indicator of a retailer's performance, because it strips out results from recently closed or opened stores.

The company had 30 warehouse clubs in operation at the end of November.

PriceSmart shares fell $1.46 to $77.11 in morning trading. The stock has ranged from $56.55 to $86 in the past 52 weeks.

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Pricesmart Inc.

Company Website

4649 Morena Blvd.
San Diego, CA 92117

Company Trade Data

Stock Symbol Close
Change
Chg %Chg
Volume
52-Week
High Low
PSMT
83.19
  0.53  
+ 0.64%
98,312,000
103.59
74.61

Insider Trade Data

Date Insider Shares Type Value
08/12/2015 Price, Robert E 15,000 Sell $1,393,910
07/23/2015 Bahrambeygui, Sherry S 5,000 Sell $505,639
07/17/2015 Naylon, William J 2,000 Sell $198,090
07/17/2015 Naylon, William J 2,000 Sell $198,090
07/16/2015 Bahrambeygui, Sherry S 3,000 Sell $300,315

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NAICS - 452910 - Warehouse Clubs and Supercenters