PriceSmart, Inc. (OQ:PSMT)

Business Focus: Discount Stores without Groceries

Sector:  Consumer Cyclicals Industry:  Discount Stores
 
See Regulatory Filings on SEC
Company Contact
Address: 9740 Scranton Rd
SAN DIEGO CA 92121-1777
Tel: 1-858-4048826
Website: https://shop.pricesmart.com
IR: See website
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Key People
Robert E. Price
Chairman of the Board, Interim Chief Executive Officer
John D. Hildebrandt
President, Chief Operating Officer
Michael L McCleary
Executive Vice President, Chief Financial Officer
Wayne Sadin
Executive Vice President, Chief Information Officer
Francisco Velasco
Executive Vice President, General Counsel, Secretary and Chief Ethics and Compliance Officer
David N. Price
Executive Vice President, Chief Transformation Officer, Director
Ana Luisa Bianchi
Executive Vice President - Chief Merchandising Officer
   
Business Overview
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.
Financial Overview
For the six months ended 29 February 2024, PriceSmart, Inc. revenues increased 12% to $2.46B. Net income applicable to common stockholders increased 20% to $76.4M. Revenues reflect Comparable Store Sales (Growth- %) - Col increase from -11.9 to 13.9%, Value of Retail Sales- Central America increase of 12% to $1.45B, Net Warehouse club sales increase of 12% to $2.4B, Membership income increase of 13% to $36.3M.
Employees: 11,000 as of Aug 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $2,362M as of Feb 29, 2024
Annual revenue (TTM): $4,673M as of Feb 29, 2024
EBITDA (TTM): $290.38M as of Feb 29, 2024
Net annual income (TTM): $120.71M as of Feb 29, 2024
Free cash flow (TTM): $61.06M as of Feb 29, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 30,654,948 as of Mar 31, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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