PriceSmart (PSMT) Comps Fell 3.7% in February
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PriceSmart Announces February Sales; Second Quarter Earnings Release Dates Also Announced
March 7, 2016 8:02 AM ESTSAN DIEGO, CA -- (Marketwired) -- 03/07/16 -- PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of February 2016, net sales increased 4.1% to $213.5 million from $205.1 million in February a year earlier. For the six months ended February 29, 2016, net sales increased 5.9% to $1,449.8 million from $1,368.5 million in the same period last year. There were 38 warehouse clubs in operation at the end of February 2016 compared to 36 warehouse clubs in operation in February 2015.
For the five weeks ended February 28, 2016, comparable warehouse sales for the 36 warehouse clubs open at least 13 1/2 full months decreased 3.7% compared to the same five-week... More
