PriceSmart's net sales up 22.7% year-over-year to US$227.5M in December; same-store sales up 19.9% for the four-week period ended Jan. 1

Andrew Rogers

Andrew Rogers

Jan 9, 2012 – Marketwire

SAN DIEGO, California , January 9, 2012 (press release) – PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of December 2011, net sales increased 22.7% to $227.5 million from $185.4 million in December a year earlier. For the four months ended December 31, 2011, net sales increased 23.6% to $695.8 million from $562.8 million in the same period last year. There were 29 warehouse clubs in operation at the end of December 2011 compared to 28 warehouse clubs in operation in December 2010.

For the four weeks ended January 1, 2012, comparable warehouse sales for the 27 warehouse clubs open at least 13 1/2 full months increased 19.9% compared to the same four-week period last year. For the seventeen-week period ended January 1, 2011, comparable warehouse sales increased 19.1% compared to the comparable seventeen-week period a year ago.

About PriceSmart

PriceSmart, headquartered in San Diego, owns and operates U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean, selling high quality merchandise at low prices to PriceSmart members. PriceSmart now operates 29 warehouse clubs in 12 countries and one U.S. territory (five in Costa Rica; four each in Panama and Trinidad; three each in Guatemala and Dominican Republic; two each in El Salvador and Honduras; and one each in Aruba, Barbados, Colombia, Jamaica, Nicaragua and the United States Virgin Islands).

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.