PriceSmart (PSMT) Releases Earnings Results, Misses Expectations By $-0.15 EPS

PriceSmart (PSMT) reported quarterly earnings results on Thursday, Jul-7-2016. The company reported $0.55 earnings per share for the quarter, missing the analyst consensus estimate by $-0.15. Analysts had a consensus of $0.70. The company posted revenue of $704.30 million in the period, compared to analysts expectations of $708.33 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.

PriceSmart closed down -0.74 points or -0.79% at $92.93 with 54,910 shares getting traded on Tuesday. Post opening the session at $93.65, the shares hit an intraday low of $92.185 and an intraday high of $94.21 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Apr 27, 2016, William J Naylon (EVP & Chief Operating Officer) sold 1,775 shares at $85.16 per share price. According to the SEC, on Apr 25, 2016, Chong Jesus Von (EVP-Foods Merchandising) sold 900 shares at $84.36 per share price. On Apr 15, 2016, John Heffner (EVP & Chief Financial Officer) sold 3,266 shares at $84.79 per share price, according to the Form-4 filing with the securities and exchange commission.

PriceSmart 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 48000 to 100000 square feet and are located primarily in urban areas. The Company operates 36 warehouse clubs in Central America Caribbean and South America.


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