PriceSmart's revenue at warehouse clubs open at least 13.5 months rose 17.5% in August as total revenue climbed 21.5% to US$148.3M; San Diego company operates 29 warehouse clubs in Central America, Caribbean

Cindy Allen

NEW YORK , September 8, 2011 (Associated Press) – PriceSmart Inc.'s revenue at warehouse clubs open at least 13.5 months rose 17.7 percent in August.

This figure is a key indicator of a warehouse club operator's performance because it excludes results from clubs recently opened or closed.

PriceSmart said Thursday that total revenue for the five weeks ended Sept. 4 climbed 21.5 percent to $148.3 million.

For the year-to-date, revenue at warehouse clubs open at least 13.5 months increased 18.1 percent, while total revenue rose 22.7 percent to $1.68 billion.

PriceSmart, based in San Diego, had 29 warehouse clubs at August's end. The company runs membership warehouse clubs in Central America and the Caribbean.

© 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.