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Stock impact report

PriceSmart outlines three new club openings and continues digital growth with 21.6% e-commerce sales increase [Seeking Alpha]

PriceSmart, Inc. (PSMT) 
Last pricesmart, inc. earnings: 7/10 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: shop.pricesmart.com/vi/en/investor
Company Research Source: Seeking Alpha
David Price, CEO, introduced himself and CFO Gualberto Hernandez as new leaders, stating, “We're settling in well and energized by the opportunities ahead.” He expressed appreciation for Robert Price, the Executive Chairman, and highlighted a “productive, positive and collaborative relationship.” Quick Insights PriceSmart is accelerating international expansion, real estate investments, digital upgrades, and private label growth, with management expressing increased confidence and optimism about future opportunities. Net merchandise sales rose 7.7% year-over-year to nearly $5.2 billion, operating income increased, membership income grew by 14.9%, and cash balances remained strong; digital sales and private label penetration also improved. PriceSmart is monitoring currency conversion and remittance risks in key markets and experienced temporary storm-related closures without lasting damage; higher SG&A reflects tech investment and leadership transition costs. Recommended For Show less Read more
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