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PriceSmart Company Profile (NASDAQ:PSMT)

Consensus Ratings for PriceSmart (NASDAQ:PSMT) (?)
Ratings Breakdown: 3 Buy Rating(s)
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $60.50 (32.42% downside)

Analysts' Ratings History for PriceSmart (NASDAQ:PSMT)
Show:
DateFirmActionRatingPrice TargetActions
6/10/2016Roth CapitalReiterated RatingBuyView Rating Details  Tweet This Rating  Share This Rating on StockTwits
11/18/2015ScotiabankReiterated RatingSector OutperformView Rating Details  Tweet This Rating  Share This Rating on StockTwits
11/18/2015Howard WeilInitiated CoverageOutperform$21.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 6/27/2014 forward)
Earnings History for PriceSmart (NASDAQ:PSMT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
7/7/2016        
4/7/2016Q216$0.88$0.85$777.90 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/7/2016Q1$0.83$0.78$711.90 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/29/2015Q4$0.75$0.75$691.88 million$699.18 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/9/2015Q315$0.72$0.70$697.10 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/9/2015Q215$0.98$0.82$750.30 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/8/2015Q115$0.74$0.68$660.71 million$656.00 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/28/2014Q414$0.74$0.73$620.80 million$622.60 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/10/2014Q314$0.69$0.70$624.46 million$615.00 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/9/2014Q214$0.89$0.93$678.91 million$674.10 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/9/2014Q1$0.74$0.71$609.04 million$605.60 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/30/2013Q413$0.66$0.69$586.61 million$568.00 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/10/2013Q3 2013$0.64$0.61$573.56 million$571.70 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/9/2013Q2 2013$0.76$0.82$609.67 million$607.40 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/9/2013Q1 2013$0.62$0.66$535.38 million$535.30 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/30/2012Q412$0.61$0.58$513.20 million$499.00 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/9/2012$0.60$0.52ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/4/2012$0.69$0.67ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/6/2012$0.58$0.47ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/9/2011$0.50$0.42ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/7/2011$0.49$0.55ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/7/2011$0.57$0.60ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/7/2011$0.44$0.50ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)
Earnings Estimates for PriceSmart (NASDAQ:PSMT)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163$0.89$0.97$0.94
Q2 20161$0.70$0.70$0.70
Q3 20161$0.77$0.77$0.77
Q4 20161$0.84$0.84$0.84
Q1 20171$0.91$0.91$0.91
Q2 20171$0.77$0.77$0.77
Q3 20171$0.83$0.83$0.83
(Data provided by Zacks Investment Research)
Dividend History for PriceSmart (NASDAQ:PSMT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable DateShare
2/5/2016semiannual$0.350.97%8/11/20168/15/20168/31/2016Tweet This Announcement  Share This Announcement on StockTwits
2/4/2016semiannual$0.350.97%2/10/20162/15/20162/29/2016Tweet This Announcement  Share This Announcement on StockTwits
2/5/2015semiannual$0.350.81%8/12/20158/14/20158/31/2015Tweet This Announcement  Share This Announcement on StockTwits
2/4/2015semiannual$0.350.81%2/11/20152/13/20152/27/2015Tweet This Announcement  Share This Announcement on StockTwits
1/24/2014semiannual$0.350.74%8/13/20148/15/20148/29/2014Tweet This Announcement  Share This Announcement on StockTwits
1/24/2014semiannual$0.350.74%2/12/20142/14/20142/28/2014Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2013 forward)
Insider Trading History for PriceSmart (NASDAQ:PSMT)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
5/10/2016Robert E PriceDirectorSell220,844$84.00$18,550,896.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/27/2016William J NaylonCOOSell1,775$85.16$151,159.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/21/2016Chong Jesus VonEVPSell900$84.36$75,924.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/14/2016John HeffnerCFOSell3,266$84.79$276,924.14View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/12/2016Thomas D MartinInsiderSell1,355$81.54$110,486.70View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/3/2016John D HildebrandtEVPSell635$70.92$45,034.20View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
1/27/2016Frank Ramon DiazEVPSell700$73.39$51,373.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
7/23/2015Sherry S BahrambeyguiDirectorSell2,000$102.66$205,320.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
7/17/2015William J NaylonCOOSell2,000$99.04$198,080.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
7/16/2015Sherry S BahrambeyguiDirectorSell3,000$100.11$300,330.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
7/14/2015Rodrigo CalvoEVPSell1,768$97.28$171,991.04View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
7/14/2015Thomas D MartinInsiderSell1,872$98.00$183,456.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/27/2015Robert M GansEVPSell1,872$83.95$157,154.40View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/21/2015Jose Luis LaparteCEOSell17,146$80.80$1,385,396.80View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/20/2015Robert M GansEVPSell1,825$80.73$147,332.25View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/17/2015John HeffnerCFOSell3,985$79.13$315,333.05View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/14/2015Thomas D MartinEVPSell1,360$79.71$108,405.60View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/14/2015William J NaylonCOOSell2,600$79.67$207,142.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
1/27/2015John D HildebrandtEVPSell3,503$87.29$305,776.87View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
1/13/2015Robert M GansEVPSell2,775$87.50$242,812.50View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/14/2014Jose Luis LaparteCEOSell16,976$94.60$1,605,929.60View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/11/2014John HeffnerCFOSell2,000$95.32$190,640.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/7/2014William NaylonCOOSell3,500$94.21$329,735.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
1/27/2014John HildebrandtEVPSell3,506$94.62$331,737.72View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/13/2013William NaylonCOOSell2,000$121.22$242,440.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/5/2013Sherry BahrambeyguiDirectorSell10,000$120.22$1,202,200.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/4/2013Thomas MartinEVPSell3,236$120.27$389,193.72View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/13/2012Thomas D MartinEVPSell3,650$76.66$279,809.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)
Latest Headlines for PriceSmart (NASDAQ:PSMT)
DateHeadline
06/23/16 12:49 PMETF’s with exposure to PriceSmart, Inc. : June 23, 2016 -
06/22/16 10:13 AMPriceSmart, Inc. :PSMT-US: Earnings Analysis: Q2, 2016 By the Numbers : June 22, 2016 -
06/07/16 10:48 AMPriceSmart Announces May Sales; Third Quarter Earnings Release Dates Also Announced - [at noodls] - Microsoft Word - Press Release_May Sales 2016_Marketwire_060716.docx PriceSmart Announces May Sales; Third Quarter Earnings Release Dates Also Announced San Diego, CA (June 7, 2016) - PriceSmart, Inc. ...
05/28/16 10:27 PMPerformance at a Glance on PriceSmart Inc. (NASDAQ:PSMT) - HNN - Performance at a Glance on PriceSmart Inc. (NASDAQ:PSMT)HNNWhen speculating how a given stock will perform in the future, it is important to look at how it has performed in the past. Today we will examine how PriceSmart Inc. (NASDAQ:PSMT)'s stock has performed at various points in its past. Currently, the ...
05/24/16 09:06 AMPrice Robert E Recently decreased Its Pricesmart Inc Stake - Wall Street Hints and News - Price Robert E Recently decreased Its Pricesmart Inc StakeWall Street Hints and NewsBrian C. Freckmann Lyon Street Capital Llc is an institutional investor bullish on Pricesmart Inc, owning 44244 shares as of Q3 2015 for 2.48% of its portfolio. ... PriceSmart, Inc. (NASDAQ:PSMT) has risen 4.86% since October 15, 2015 and is uptrending.and more »
05/22/16 04:51 PMPerformance at a Glance on PriceSmart Inc. (NASDAQ:PSMT) - Wall Street Hints and News - Performance at a Glance on PriceSmart Inc. (NASDAQ:PSMT)Wall Street Hints and NewsWhen speculating how a given stock will perform in the future, it is important to look at how it has performed in the past. Today we will examine how PriceSmart Inc. (NASDAQ:PSMT)'s stock has performed at various points in its past. Currently, the ...and more »
05/21/16 08:46 AMPricesmart Incorporated (NASDAQ:PSMT) Shorted Shares Decreased By 10.72% - Wall Street Hints and News - Pricesmart Incorporated (NASDAQ:PSMT) Shorted Shares Decreased By 10.72%Wall Street Hints and NewsThe short interest to Pricesmart Incorporated's float is 6.32%. The stock increased 1.05% or $0.9 during the last trading session, hitting $86.68. About 113,669 shares traded hands. PriceSmart, Inc. (NASDAQ:PSMT) has risen 4.86% since October 15, 2015 ...and more »
05/18/16 07:54 AMPriceSmart, Inc. breached its 50 day moving average in a Bearish Manner : PSMT-US : May 18, 2016 -
05/10/16 05:41 PMNext Weeks Broker Price Targets For PriceSmart, Inc. (NASDAQ:PSMT) - Share Trading News - Next Weeks Broker Price Targets For PriceSmart, Inc. (NASDAQ:PSMT)Share Trading NewsPriceSmart, Inc. has a 50 day moving average of 84.50 and a 200 day moving average of 82.86. The stock's market capitalization is 2.62B, it has a 52-week low of 68.51 and a 52-week high of 103.59. The share price of the company (NASDAQ:PSMT) was up ...and more »
05/06/16 05:39 PMPriceSmart April Comparable Sales Up 0.7% - (RTTNews.com) - PriceSmart, Inc. ( PSMT) Friday announced 9.2 percent increase in net sales for the month of April to $226.6 million from $207.5 million in the prior year. Comparable sales for the month increased 0.7 percent. For the eight months ended ...
05/06/16 11:44 AMPriceSmart Announces April Sales - [at noodls] - 52affed5-cdfe-40d7-8184-21f705df9273.pdf San Diego, CA (May 6, 2016) - PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of April 2016 net sales increased 9.2% to $226.6 million from $207.5 ...
05/02/16 06:00 PMBroker Outlook For The Week Ahead: PriceSmart, Inc. (NASDAQ:PSMT) - Share Trading News - Broker Outlook For The Week Ahead: PriceSmart, Inc. (NASDAQ:PSMT)Share Trading NewsThe share price of PriceSmart, Inc. (NASDAQ:PSMT) was down -1.46% during the last trading session, with a day high of 88.11. 152934 shares were traded on PriceSmart, Inc.'s last session. The stock's 50 day moving average is 83.92 and its 200 day moving ...Analysts Anticipate PriceSmart, Inc. (NASDAQ:PSMT) to Announce $0.70 EPSWeb Breaking NewsPricesmart Incorporated (NASDAQ:PSMT) Sellers Covered 1.66% of Their ShortsB.O.D.Y Confidentialall 3 news articles »
04/30/16 05:36 PMPriceSmart, Inc. (PSMT) Position Up in Latest Report from Bank Of Montreal /can/ Last Quarter - Bank Of Montreal /can/ raised its investment in PriceSmart, Inc. shares by 552 shares in a 13F filing with the SEC. Its investment was worth $48,000 an increase of 2,300.0% as of quarter end. Here are a few other firms who have updated their positions.
04/30/16 04:06 AMBroker Roundup For PriceSmart, Inc. (NASDAQ:PSMT) - Share Trading News - Broker Roundup For PriceSmart, Inc. (NASDAQ:PSMT)Share Trading NewsThey now have a USD 90 price target on the stock. 01/10/2014 – PriceSmart, Inc. was downgraded to “sell” by analysts at Jefferson Research. The share price of PriceSmart, Inc. (NASDAQ:PSMT) was up +1.34% during the last trading session, with a day high ...Bank Of Montreal /can/ Bought A Little More PriceSmart, Inc. (PSMT) Stock Last QuarterFinance Dailyall 3 news articles »
04/30/16 04:05 AMBank Of Montreal /can/ Bought A Little More PriceSmart, Inc. (PSMT) Stock Last Quarter - Bank Of Montreal /can/ reports that it raised its position in PriceSmart, Inc. by 552 shares in the last quarter. Its investment was worth $48,000 an increase of $46,000 according to the filing. Here are a few additional firms who have increased or ...
04/22/16 05:58 PMUpgrades And Downgrades For PriceSmart, Inc. (NASDAQ:PSMT) - Risers & Fallers - Upgrades And Downgrades For PriceSmart, Inc. (NASDAQ:PSMT)Risers & FallersRecently stock market analysts have updated their consensus ratings on shares of PriceSmart, Inc. (NASDAQ:PSMT). The latest broker reports which are currently outstanding on Friday 22nd of April state 0 analysts have a rating of “strong buy”, 0 ...
04/21/16 05:58 PMBroker Changes For PriceSmart, Inc. (NASDAQ:PSMT) - Risers & Fallers - Broker Changes For PriceSmart, Inc. (NASDAQ:PSMT)Risers & FallersRecently stock market analysts have updated their consensus ratings on shares of PriceSmart, Inc. (NASDAQ:PSMT). The latest broker reports which are currently outstanding on Thursday 21st of April state 0 analysts have a rating of “strong buy”, 0 ...
04/21/16 02:38 PMPRICESMART INC Files SEC form 8-K, Change in Directors or Principal Officers -
04/21/16 09:46 AMPriceSmart, Inc. :PSMT-US: Earnings Analysis: Q2, 2016 By the Numbers -
04/18/16 11:18 AMDelta Air Lines Inc. (DAL) CEO Sells Massive Amount of Shares, Plus a Look at 2 Other Companies with Insider Selling -
04/15/16 05:51 PMPriceSmart, Inc. (PSMT) Profit Expected to Rise - Clinton Financial - Mas Market NewsPriceSmart, Inc. (PSMT) Profit Expected to RiseClinton FinancialWall Street await PriceSmart, Inc. (NASDAQ:PSMT) to release earnings on April, 14. Analysts forecast EPS of $0.87, up exactly $0.05 or 6.10% from 2014's $0.82 EPS. The expected PSMT's profit could reach $26.74 million giving the stock 24.41 P/E in case ...PriceSmart, Inc. (PSMT) Lifted to “Buy” at TheStreetWashington News WirePriceSmart, Inc. (NASDAQ:PSMT) Reported Comprehensive Income Of $-101.512 For Period Ended 2015--0-8-31Enterprise LeaderPriceSmart, Inc. (PSMT) Stake Maintained by GAM Holding AGMas Market NewsWeb Breaking News -Risers & Fallersall 24 news articles »
04/13/16 12:59 PMPRICESMART INC Financials -
04/12/16 07:14 AMPriceSmart, Inc. (PSMT) Upgraded to “Buy” by TheStreet - Washington News Wire - Washington News WirePriceSmart, Inc. (PSMT) Upgraded to “Buy” by TheStreetWashington News WirePriceSmart, Inc. (NASDAQ:PSMT) was upgraded by equities research analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. Several hedge funds have recently made changes to ...
04/11/16 09:28 AMThe Implied Analyst 12-Month Target For PMR - ... holdings with notable upside to their analyst target prices are Supervalu Inc. (SVU), Boise Cascade Co. (BCC), and PriceSmart Inc (PSMT). Although SVU has traded at a recent price of $5.40/share, the average analyst target is 37.04% higher at $7.40/share.
04/10/16 10:37 PMPriceSmart, Inc. (NASDAQ:PSMT) Broker Price Targets For The Coming Week - Share Trading News - PriceSmart, Inc. (NASDAQ:PSMT) Broker Price Targets For The Coming WeekShare Trading NewsRecently some investment brokers have made changes to their outstanding price targets on shares of PriceSmart, Inc. (NASDAQ:PSMT). According to data from Reuters, 0 analysts have a rating of “buy”, 2 analysts “outperform”, 1 analysts “hold”, 0 analysts ...
04/08/16 11:15 PMPriceSmart, Inc. (PSMT) Drops on Weak Comparable Warehouse Club Sales - Bidness ETC - Bidness ETCPriceSmart, Inc. (PSMT) Drops on Weak Comparable Warehouse Club SalesBidness ETCPriceSmart, Inc. (NASDAQ:PSMT) shares dropped as much as 3.94% today, after the company reported second quarter of fiscal (2QFY16) earnings results. PSMT stock is down nearly 1.5% during midday trading hours. The international membership ...Nationwide Fund Advisors Has $2228000 Position in PriceSmart, Inc. (PSMT)The Vista VoicePriceSmart Reports Q2 Earnings MissBenzingaPriceSmart, Inc. (NASDAQ:PSMT) Analyst ReviewRisers & FallersRTT News -Web Breaking News -Seeking Alphaall 14 news articles »
04/08/16 06:22 PMEdited Transcript of PSMT earnings conference call or presentation 8-Apr-16 4:00pm GMT -
04/08/16 06:06 PMStock Focus on - PriceSmart, Inc. (NASDAQ:PSMT) - Stock Caller - Stock Focus on - PriceSmart, Inc. (NASDAQ:PSMT)Stock CallerShares of PriceSmart, Inc. (NASDAQ:PSMT) have received a top rating according to Beta Systems research. The rating takes into consideration fundamentals, analyst views, and potential future earnings growth. The compiled data also includes analyst ...and more »
04/08/16 06:06 PMPriceSmart's (PSMT) CEO Jose Luis Laparte on Q2 2016 Results - Earnings Call Transcript - Good day and welcome to PriceSmart, Inc.’s Earnings Release Conference Call for the Second Quarter of Fiscal Year 2016, the three months period ending on February 29, 2016. All participants are currently in a listen-only mode. After remarks from Jose ...
04/08/16 06:06 PMPriceSmart, Inc. (PSMT) Drops on Weak Comparable Warehouse Club Sales - PriceSmart had 38 operational warehouse clubs at the end of March 2016, as opposed to 36 in the same period, last year PriceSmart, Inc. (NASDAQ:PSMT) shares dropped as much as 3.94% today, after the company reported second quarter of fiscal (2QFY16 ...
04/08/16 02:20 PMPriceSmart Q2 Earnings Conference Call: Full Transcript - Operator: Good day and welcome to PriceSmart, Inc.’s Earnings Release Conference Call for the Second Quarter of Fiscal Year 2016, the three months period ending on February 29, 2016. All participants are currently in a listen-only mode. After remarks from Jose Luis Laparte, PriceSmart’s President and Chief Executive Officer; and John Heffner, PriceSmart’s Executive Vice President and Chief Financial Officer, you will be given an opportunity to ask questions as time permits. To do so please press star, one on your phone at any time and you will be placed in the queue. Also as a reminder, this conference is being recorded on Friday, April 8, 2016. A digital replay of this call will be available through April 31, 2016, by dialing toll free 888-203-1112 for domestic callers or 719-457-0820 for international callers. The passcode for the replay is 120-17-14. I would now like to turn the conference over to John Heffner. Please go ahead, sir.   John M. Heffner: Executive Vice President and Chief Financial Officer: Thank you and welcome to our earnings call for the second quarter of fiscal year 2016. We’ll be discussing the information that we provided in our earnings press release which we released yesterday, April 7, 2016 along with our 10-Q. The earnings release also include information about our net warehouse and comp sales for March. You can find both the press release and the 10-Q filing on our website www.pricesmart.com Please note that statements made during this call may contain forward-looking statements concerning the Company’s anticipated future plans, revenues and related matters. These forward-looking statements include, but are not limited to, statements containing the words expect, believe, will, may, should, estimate and similar expressions. These statements are subject to risks and uncertainties that can cause actual results to differ materially, including the risks detailed in the Company’s Annual Report on Form 10-K for the fiscal year ended August 31, 2015 filed with the Securities and Exchange Commission on October 29, 2015. We assume no obligation and expressly disclaim any duty to update any forward-looking statements to reflect the occurrence of events or circumstances which may arise after the date of this call. Now, I will turn this over to Jose Luis Laparte, PriceSmart’s President and Chief Executive Officer.   Jose Luis Laparte: Chief Executive Officer and President: Good morning, everyone and thank you for joining us today. I will begin my remarks focused on our second quarter results and will follow that with some comments about March sales which was also included in our press release. Sales for the quarter were $759 million, an increase in total sales of 3.7% when compared to the second quarter of last fiscal year. We ended the quarter with 38 warehouse clubs compared to 36 a year ago. Net income for the second quarter of fiscal year 2016 was $25.9 million or $0.85 per share compared to $24.8 million or $0.82 a year ago for the same quarter. I will probably sound a little repetitive as I have been mentioning in the last few calls that the Colombia currency affects many of our comparisons with last year and quarter two was no exception. For example, comparable sales which now includes 38 of our 38 clubs had a decrease of 0.9 for the 13 weeks ended February 28, 2016. Three Colombia warehouse clubs were in that calculation for the full 13 weeks and the other three in Colombia were in the calculation for a portion of that period. Extracting those clubs from the calculation, the 13 week comparable sales for the other 30 warehouse clubs was a positive of 2.7%. I will speak more about our Colombian business, but let me first touch base on results in our other regions. Our non-Colombia markets performed well in the second quarter. Central America had a total sales growth of 11.5%, which included the positive impact of two additional warehouse clubs: one in Panama opened in June 2015 and one in Nicaragua opened in November 2015. The two new warehouse clubs continue to do well adding members and sales. We saw positive comp sales in all our Central America countries with a section of Nicaragua which was impacted by the planned cannibalization of sales in the 16 warehouse clubs by the new one. Double-digit sales growth was recorded in Panama, Honduras and Nicaragua. In the Caribbean, warehouse sales grew 4.4% in the second quarter compared to the year earlier period with the number of warehouse clubs 11. Again, all countries in the region of the Caribbean recorded positive sales growth with Jamaica growing above 10% year-on-year. On the other hand, we started to see some challenges in Trinidad during the quarter. In February, Trinidad increased the BAT on a large number of products which impacted prices and consumer spending. The country in total a big exporter of oil and natural gas is slipping into a period of its lower economic growth due to low price of those commodities. This is expected to put some pressure on consumer demand which can impact our business in the next few quarters in a market that has been very good for us over that past 2 to 3 years. In Colombia, net warehouse sales declined by 32% when translated to US dollar, reflecting the impact of a 37.8 devaluation of the peso compared to the US dollar in the same quarter last year. The average exchange rate for translating Colombian peso sales to US dollars in the quarter was 3,283 compared to 2,382 a year ago. In local currency, net warehouse sales for the quarter declined 6.5%. The prices on important merchandise, which have a US dollar cost basis, is impacting demand which is driving the negative growth for those products. Sales of local products, however, recorded a 9% positive growth when measured in pesos. It is our goal going forward to come positive in local currency in Colombia. We did not achieve that in the second quarter. The peso has stabilized somewhat at around 3,100 pesos level. A stable currency should help us achieve that goal. From a merchandise perspective, for the total company, we recorded comp sales growth in the period in liquor, health and beauty, fresh meat, automobile, home furniture, office furniture and fashion apparels. Moving on to membership, membership income was $11.3 million for the quarter. We finished the quarter with more than 1,000,460 accounts. While this is an increase of 6% compared to a year ago, it is a reduction of approximately 21,000 accounts from the end of fiscal year 2015, driven by renewal activity in Colombia on the anniversaries of the opening for the warehouse clubs in Bogota, Medellin and Pereira. As discussed in our first quarter earnings call, the combination of generally lower renewal rates for first year members, another factor specific to the three newer clubs in Colombia such as exceptionally large number of pre-opening sign-ups in the Bogota club and the license of the Bogota club to a number of those members resulted in a net reduction of member accounts. We finished the second quarter at an 81% 12-months renewal capture rate for all countries and that will be 88%, excluding Colombia. While we have seen some improvement in the monthly renewal rate over the past few months in Colombia, we are particularly encouraged by an ongoing stream of new member signups in our Colombian clubs. Our warehouse clubs in Bogota, Medellin and Barranquilla have the highest number of new membership signups of any of our warehouse clubs in the second quarter. We believe this is a good indication of the acceptance of our concept with these new members that despite the current prices on imported merchandise, they are seeing good value in the overall item mix that we now have between imported and local merchandise. Before I leave the subject of Colombia, let me say a few things about our approach to pricing our imported merchandise during this evaluation that I know I shared a few times already in other earnings calls, but is worth repeating. There is no question that prices of imported merchandise across all retailers in Colombia are going up, which negatively impacts consumers' demand. We have taken margin reductions in that market in an effort to solidify our position for the future and in addition we are pleased with the combination of items to local production that we have been introducing in the last few months. We are making sure that the quality of the locally produced products is at least as good as the imported goods that we have been offering for sale. It has been a good experience working with local vendors that have demonstrated their ability to produce and supply high quality items for us. Other activities relevant to report as we finished second quarter includes the progress of the construction of our new warehouse club in Chia, municipality in the northern suburb of Bogota. Our plan remains to open that club around September 2016. We believe this new club will serve not only the Chia community, but also residents in the northern portion of Bogota. Also in Colombia, we are in a parking deck of our Barranquilla location. This is part of an overall expansion program in certain markets. ...Full story available on Benzinga.com
04/08/16 11:27 AMPriceSmart Inc.'s Colombian Woes Pinch Sales, Profit, and Membership Fee Growth - Economic struggles in Colombia swamped gains in the warehouse club's other markets.
04/08/16 04:35 AMCompany Earnings Report, April 7 - PriceSmart, Inc. (PSMT) – The company is seen to release its earnings for the current quarter at $0.88 a share on $775.12 million sales. Ruby Tuesday, Inc. (RT) – The company is seen to report its earnings for the current quarter at $0.05 a share on $ ...
04/08/16 04:34 AMEarnings Reported After The Bell Apr. 7 - (RTTNews.com) - Here is a quick summary of the earnings reported after the bell on Apr. 7. PriceSmart, Inc. (PSMT) Q2 net income was $25.94 million or $0.85 per share vs. $24.84 million or $0.82 per share a year ago. Analysts expected the company to report ...
04/07/16 06:14 PMPriceSmart, Inc. (NASDAQ:PSMT) To Release Earnings - Risers & Fallers - PriceSmart, Inc. (NASDAQ:PSMT) To Release EarningsRisers & FallersAnalysts await PriceSmart, Inc. (NASDAQ:PSMT) to report earnings on Apr, 07 for the fiscal quarter ending Feb 2016. They expect $0.87 EPS, up 5.75% or $0.05 from last year's $0.82 per share. At the moment 3 analysts are watching PriceSmart, Inc.PRICESMART INC. was rated by ROTH Capital to ReiteratedEngelwood Dailyall 2 news articles »
04/07/16 06:14 PMPriceSmart Reports Q2 Earnings Miss - Benzinga - PriceSmart Reports Q2 Earnings MissBenzingaPriceSmart, Inc. PSMT 0.43% offered investors mixed second-quarter results in Thursday's after-hours session. The Street is focusing on a bottom-line result, which came up shy of expectations, and has driven the stock down by nearly 4 percent. The ...PriceSmart Announces Second Quarter Results of Operations and March SalesMarketwired (press release)all 3 news articles »
04/07/16 06:14 PMPriceSmart (PSMT) Down Ahead of Quarterly Earnings - PriceSmart, Inc. (NASDAQ: PSMT) shares faded 1% to $82.00. The company is expected to post its quarterly earnings at $0.88 per share on revenue of $775.12 million. Share volume was 53,000, compared to an all-day average of 158,000
04/07/16 06:14 PMPriceSmart Inc. (PSMT) Is Falling After Q2 Profit Disappoints - PriceSmart Inc. (PSMT) reported second quarter EPS of $0.85 after the bell Thursday, compared to $0.82 in the previous year. Street expectations were for EPS of $0.88. The stock is now down 3.42 on 22K shares. PriceSmart traded in a range for the bulk of ...
04/07/16 05:59 PMPriceSmart Reports Q2 Earnings Miss - PriceSmart, Inc. (NASDAQ: PSMT) offered investors mixed second-quarter results in Thursday's after-hours session. The Street is focusing on a bottom-line result, which came up shy of expectations, and has driven the ...Full story available on Benzinga.com
04/07/16 03:11 PMPRICESMART INC Files SEC form 10-Q, Quarterly Report -
04/07/16 03:03 PM4:03 pm PriceSmart misses by $0.05, reports revs in-line; March sales disappoint (limited coverage) -
04/07/16 03:00 PMPriceSmart Announces Second Quarter Results of Operations and March Sales - [Marketwired] - PriceSmart, Inc. today announced its results of operations for the second quarter of fiscal year 2016 which ended on February 29, 2016.
04/07/16 06:07 AMQ2 2016 PriceSmart Inc Earnings Release - After Market Close -
04/06/16 05:55 PMPriceSmart, Inc. (NASDAQ:PSMT) Updated Broker Price Targets - Share Trading News - PriceSmart, Inc. (NASDAQ:PSMT) Updated Broker Price TargetsShare Trading NewsMarket analysts have recently updated their ratings and price targets on shares of PriceSmart, Inc. (NASDAQ:PSMT). The latest reports which are currently in issue on Tuesday 5th of April state 0 analysts have a rating of “strong buy”, 2 analysts “buy”, ...PRICESMART INC. (NASDAQ:PSMT): 2 Analysts Continue to rate NASDAQ:PSMTHints News Networkall 2 news articles »
04/06/16 05:55 PMWCM Investment Management CA reaches $6462000 position of PriceSmart, Inc. (PSMT) - MicroCap Magazine - MicroCap MagazineWCM Investment Management CA reaches $6462000 position of PriceSmart, Inc. (PSMT)MicroCap MagazinePriceSmart logo WCM Investment Management CA increased its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,865 shares of the company's ...Stock Performance Review: PriceSmart Inc. (NASDAQ:PSMT)WallStreet.orgAfter Last Week What Do Analysts Think Of PriceSmart, Inc. (NASDAQ:PSMT)Share Trading NewsUpdate: Roth Capital rated Pricesmart Inc. (NASDAQ:PSMT) to ReiteratedThe Duncan Independent (press release) (blog)Engelwood Daily -Clinton Financialall 10 news articles »
04/05/16 05:46 PMPRICESMART INC. (NASDAQ:PSMT): 2 Analysts Continue to rate NASDAQ:PSMT - Hints News Network - PRICESMART INC. (NASDAQ:PSMT): 2 Analysts Continue to rate NASDAQ:PSMTHints News NetworkAnalysts have issued a 'Strong Buy' rating for PRICESMART INC. (NASDAQ:PSMT), according to data recently reviewed by Zacks. The company was rated a “Strong Buy” on average from the 2 analysts who currently cover the stock. 0 of the equities analyst ...PriceSmart, Inc. (NASDAQ:PSMT) Updated Broker Price TargetsShare Trading Newsall 2 news articles »
04/02/16 08:11 AMBlack River Asset Management Exits Position in PriceSmart (PSMT) - Street Edition - Black River Asset Management Exits Position in PriceSmart (PSMT)Street EditionUbs Asset Management Americas Inc boosted its stake in PSMT during the Q4 period, The investment management firm added 492 additional shares and now holds a total of 9,792 shares of PriceSmart which is valued at $825,759. Massachusetts Financial ...and more »
04/01/16 05:49 PMStock to Watch - PriceSmart, Inc. (NASDAQ:PSMT) - Stock Caller - Stock to Watch - PriceSmart, Inc. (NASDAQ:PSMT)Stock CallerPriceSmart, Inc. (NASDAQ:PSMT) shares have been given a top rating based on research from Beta Systems. The rating factors in potential future earnings growth, analyst opinions, and fundamentals. The compiled data also includes target price and ...and more »
04/01/16 05:48 PMCommit To Purchase PriceSmart At $70, Earn 6.7% Annualized Using Options - Investors eyeing a purchase of PriceSmart Inc (Symbol: PSMT) stock, but tentative about paying the going market price of $83.15/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put ...
03/31/16 09:08 AMAnalysts Release New Consensus Estimates for PRICESMART INC. (NASDAQ:PSMT) - Hints News Network - Analysts Release New Consensus Estimates for PRICESMART INC. (NASDAQ:PSMT)Hints News NetworkEquities analysts gave PRICESMART INC. (NASDAQ:PSMT) a 'Strong Buy' rating, we've learned from data compiled by Zacks. The Strong Buy rating was computed from the average rating of the equities analysts who cover the company. To create this rating, ...Black River Asset Management Exits Position in PriceSmart (PSMT)Street Editionall 2 news articles »
About PriceSmart

PriceSmart logoPriceSmart, Inc. (PriceSmart) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States. The Company owns and operates United States-style membership shopping warehouse clubs through wholly owned subsidiaries operating in Latin America and the Caribbean using the trade name PriceSmart. The Company's operating segments are the United States, Latin America and the Caribbean. The warehouse clubs sell basic high quality consumer goods at low prices to individuals and businesses. The no-frills warehouse club-type buildings range in size from 48,000 to 1,00,000 square feet and are located primarily in urban areas. The Company operates 36 warehouse clubs in Central America, Caribbean and South America.

Industry, Sector and Symbol:
  • Sector: Services
  • Industry: Discount, Variety Stores
  • Sub-Industry: Hypermarkets & Super Centers
  • Exchange: NASDAQ
  • Symbol: PSMT
  • CUSIP: 74151110
Key Metrics:
  • Previous Close: $89.52
  • 50 Day Moving Average: $88.11
  • 200 Day Moving Average: $82.44
  • P/E Ratio: 29.10
  • P/E Growth: 1.98
  • Market Cap: $2.67B
  • Current Quarter EPS Consensus Estimate: $3.10 EPS
Additional Links:
PriceSmart (NASDAQ:PSMT) Chart for Monday, June, 27, 2016


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