PriceSmart, Inc. Announces Earnings Results for the First Quarter Ended on November 30, 2016
January 05, 2017 at 05:56 am
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PriceSmart, Inc. announced earnings results for the first quarter ended on November 30, 2016. For the quarter, total revenues were $739.6 million compared to $711.9 million in the first quarter of the prior year. The company recorded operating income of $38.4 million, compared to $37.3 million for the first quarter of the prior year. Net income was $24.9 million, or $0.82 per diluted share. Net income in the first quarter of fiscal year 2016 was $23.7 million, or $0.78 per diluted share.
PriceSmart, Inc. owns and operates United States (US)-style membership shopping warehouse clubs in Latin America and the Caribbean, selling merchandise and providing services to PriceSmart members. The Company operates approximately 52 warehouse clubs in 12 countries and one US territory. Its segments include the US, Central America, the Caribbean and Colombia. It offers merchandise and services in various categories, such as consumables, fresh foods, hardlines, food service and bakery, and health services. It also owns Member's Selection private label products. The Company's consumable products include groceries, cleaning supplies, and health and beauty aids. Its fresh food products include meat, produce, deli, seafood and poultry. The Company's hardline products include electronics, automotive, hardware, sporting goods, and seasonal products. Its softline products include clothing, domestics and home furnishing products. Its health services include optical, audiology and pharmacy.
PRICESMART, INC. 
