PriceSmart's January sales increased 11.5% year-over-year to US$193.5M as comparable-warehouse sales climbed 8.4%; for five months ended Jan. 31, sales up 11.9% to US$1.06B
February 7, 2014
– PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of January 2014, net sales increased 11.5% to $193.5 million from $173.5 million in January a year earlier. For the five months ended January 31, 2014, net sales increased 11.9% to $1,064.1 million from $950.7 million in the same period last year. There were 32 warehouse clubs in operation at the end of January 2014 compared to 30 warehouse clubs in operation in January 2013.
For the four weeks ended January 26, 2014, comparable warehouse sales for the 30 warehouse clubs open at least 13 1/2 full months increased 8.4% compared to the same four-week period last year. For the twenty-one-week period ended January 26, 2014, comparable warehouse sales increased 7.7% compared to the comparable twenty-one-week period a year ago.
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 32 warehouse clubs in 12 countries and one U.S. territory (six in Costa Rica; four each in Panama and Trinidad; three each in Guatemala, the Dominican Republic and Colombia; two each in El Salvador and Honduras; and one each in Aruba, Barbados, Jamaica, Nicaragua and the United States Virgin Islands).