SAN DIEGO - PriceSmart , Inc. (NASDAQ:PSMT) reported first quarter fiscal 2025 results that fell short of analyst expectations, sending shares down 3.6% in after-hours trading Wednesday.
The warehouse club operator posted earnings per diluted share of $1.21 for the quarter ended November 30, 2024, missing the analyst consensus estimate of $1.25. Revenue came in at $1.26 billion, in line with expectations.
Net merchandise sales increased 7.8% year-over-year to $1.22 billion. On a constant currency basis, net merchandise sales grew 8.2%. Comparable net merchandise sales rose 5.7%, or 6.1% on a constant currency basis.
Operating income was relatively flat at $58.3 million compared to $58.2 million in the prior year period. Net income decreased 1.6% to $37.4 million.
PriceSmart operated 54 warehouse clubs at quarter-end, up from 53 a year ago. The company plans to open two new clubs in Costa Rica and Guatemala in 2025.
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