PriceSmart Reports Q2 Beat, Record EPS, Net Merchandise Sales

2022.04.08 00:35

PriceSmart Reports Q2 Beat, Record EPS, Net Merchandise Sales

PriceSmart (NASDAQ:PSMT) reported its Q2 results, highlighted by a record performance in net merchandise sales, EPS, membership base and renewal rates.

Q2 EPS came in at $1.03, above the consensus estimate of $1.00. Revenue grew 10.8% year-over-year to $1.04 billion, in line with the estimates.

The company achieved net merchandise sales of more than $1 billion for the first time in its history. The record Q2 results were driven by net merchandise sales growth of 12.6% and comparable net merchandise sales growth of 10.3% year-over-year.

By Davit Kirakosyan

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