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PriceSmart 1Q profit beats Wall St. expectations

PriceSmart Inc. shares jumped in after-hours trading Wednesday after the warehouse club operator reported a gain in fiscal first-quarter sales and profit.

The company, based in San Diego, earned $20 million, or 66 cents per share, for the quarter that ended Nov. 30. That compares with net income of $14 million, or 47 cents per share earned in the same quarter of the prior year. That beat the 62 cents per share analysts polled by FactSet expected.

Revenue increased to $535.3 million from $477.5 million. Analysts expected $535.4 million.

The company operated 30 clubs at the end of the period in Latin America and the Caribbean.

PriceSmart also said sales for the month of December increased by 11.6 percent to $253.7 million compared to the same month last year.

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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
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