PriceSmart reports Q4 adjusted EPS 65c vs. 75c last year

Reports Q4 revenue $1.12B vs. $1.02B last year. For the fourth quarter of fiscal year 2023, net merchandise sales increased 10.0% to $1.09B from $989.9M in the fourth quarter of fiscal year 2022. Net merchandise sales – constant currency increased 6.4% over the comparable prior year period. Foreign currency exchange rate fluctuations impacted net merchandise sales positively by $36.2M, or 3.6%, versus the same period in the prior year. The company had 51 warehouse clubs in operation as of August 31, 2023 compared to 50 warehouse clubs in operation as of August 31, 2022. Comparable net merchandise sales for the 50 warehouse clubs that have been open for greater than 13 1/2 calendar months increased 8.8% for the 13-week period ended September 3, 2023 compared to the comparable 13-week period of the prior year. Comparable net merchandise sales – constant currency for the 13 weeks ended September 3, 2023 increased 5.2%. Foreign currency exchange rate fluctuations impacted comparable net merchandise sales positively by 3.6% versus the same period in the prior year.