PriceSmart, Inc. (PSMT)

NASDAQ: PSMT · IEX Real-Time Price · USD
71.89
+0.92 (1.30%)
Jan 27, 2023, 4:00 PM EST - Market closed
1.3%
Market Cap 2.23B
Revenue (ttm) 4.15B
Net Income (ttm) 106.93M
Shares Out 31.05M
EPS (ttm) 3.45
PE Ratio 20.84
Forward PE n/a
Dividend $0.86 (1.20%)
Ex-Dividend Date Aug 12, 2022
Volume 65,181
Open 70.56
Previous Close 70.97
Day's Range 70.56 - 72.05
52-Week Range 56.29 - 88.30
Beta 0.82
Analysts Buy
Price Target 85.17 (+18.47%)
Earnings Date Jan 10, 2023

About PSMT

PriceSmart, Inc. owns and operates U.S. style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. Its warehouse clubs sell locally and regionally sourced goods, essential goods, direct-from-farm fresh produce, private label consumer products, prepared foods, and fresh-baked goods under the brand name Member's Selection. The company also provides wellness programs, such as optical, pharmacy, and audiology. In addition, the company operates PriceSmart.com for online ordering; and Click & Go for ... [Read more]

Industry Discount Stores
CEO Jose Laparte
Employees 10,600
Stock Exchange NASDAQ
Ticker Symbol PSMT
Full Company Profile

Financial Performance

In 2022, PriceSmart's revenue was $4.07 billion, an increase of 12.33% compared to the previous year's $3.62 billion. Earnings were $104.53 million, an increase of 6.71%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for PSMT stock is "Buy." The 12-month stock price forecast is $85.17, which is an increase of 18.47% from the latest price.

Price Target
$85.17
(18.47% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Warehouse Club PriceSmart Deploying Toshiba's Commerce Platform in Latin America

PriceSmart is deploying Toshiba Global Commerce Solutions' Elera Commerce Platform in its stores throughout Latin America. The operator of membership warehouse clubs in Latin America and the Caribbean...

1 week ago - PYMNTS

PriceSmart Announces Joint Technology Platform Project with Toshiba Global Commerce Solutions

RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--PriceSmart is the first retailer in Latin America to adopt the ELERA TM Commerce Platform from Toshiba Global Commerce Solutions as the international m...

1 week ago - Business Wire

PRICESMART ANNOUNCES FISCAL 2023 FIRST QUARTER OPERATING RESULTS

NET MERCHANDISE SALES GREW 8.6% COMPARABLE NET MERCHANDISE SALES INCREASED 5.0% MEMBERSHIP RENEWAL RATE OF 87.9% EPS GREW 7.1% TO RECORD $1.05 SAN DIEGO , Jan. 9, 2023 /PRNewswire/ -- PriceSmart, Inc....

2 weeks ago - PRNewsWire

PriceSmart Announces Earnings Release and Conference Call Details for the First Quarter of Fiscal 2023

SAN DIEGO , Dec. 16, 2022 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) plans to release financial results for the first quarter of fiscal year 2023 on Monday, January 9, 2023, after the market clos...

1 month ago - PRNewsWire

PriceSmart Announces Leadership Transition

Sherry Bahrambeygui to Resign as CEO Effective February 3, 2023 Robert Price to Become Interim CEO SAN DIEGO , Dec. 9, 2022 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) announced today that Sherry ...

1 month ago - PRNewsWire

PRICESMART ANNOUNCES FISCAL 2022 FOURTH QUARTER OPERATING RESULTS

NET MERCHANDISE SALES GREW 13.6% COMPARABLE NET MERCHANDISE SALES INCREASED 9.2% MEMBERSHIP BASE AT RECORD HIGH AND RENEWAL RATE OF 88.9% EPS GREW 19% TO $0.75 SAN DIEGO , Oct. 31, 2022 /PRNewswire/ -...

3 months ago - PRNewsWire

PriceSmart Announces Earnings Release and Conference Call Details for the Fourth Quarter of Fiscal 2022

SAN DIEGO , Oct. 11, 2022 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) plans to release financial results for the fourth quarter of fiscal year 2022 on Monday, October 31, 2022, after the market cl...

3 months ago - PRNewsWire

PRICESMART ANNOUNCES FISCAL 2022 THIRD QUARTER OPERATING RESULTS AND PLANS FOR THIRD WAREHOUSE CLUB IN EL SALVADOR

NET MERCHANDISE SALES GREW 16.5% COMPARABLE NET MERCHANDISE SALES GREW 12.8% MEMBERSHIP BASE ACHIEVED RECORD LEVEL STRONG RENEWAL RATE OF 88.9% SAN DIEGO , July 11, 2022 /PRNewswire/ -- PriceSmart, In...

7 months ago - PRNewsWire

PriceSmart Announces Earnings Release and Conference Call Details for the Third Quarter of Fiscal 2022

SAN DIEGO , July 5, 2022 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) plans to release third quarter fiscal year 2022 financial results on Monday, July 11, 2022, after the market closes. PriceSmart...

7 months ago - PRNewsWire

PriceSmart's Financials Are Looking Very Smart

Last week, PriceSmart Inc. ( PSMT , Financial) announced record operating results for the fiscal second quarter of 2022, which ended on Feb. 28, notching net merchandise sales of more than $1 billion ...

10 months ago - GuruFocus

PRICESMART ANNOUNCES RECORD FISCAL 2022 SECOND QUARTER OPERATING RESULTS

NET MERCHANDISE SALES EXCEED $1 BILLION NET MERCHANDISE SALES GREW BY 12.6% COMPARABLE NET MERCHANDISE SALES GREW BY 10.3% MEMBERSHIP BASE AND RENEWAL RATE INCREASED TO RECORD LEVELS OPERATING INCOME ...

10 months ago - PRNewsWire

PriceSmart Announces the Start of Construction on 10th Warehouse Club in Colombia to be Located in the El Poblado Area of Medellín; and Earnings Release and Conference Call Details for the Second Quarter of Fiscal 2022

SAN DIEGO , March 29, 2022 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced that it purchased land in the El Poblado area in Medellín, Colombia, upon which the Company has started const...

10 months ago - PRNewsWire

PriceSmart Announces 22.9% Increase to Annual Dividend

SAN DIEGO, Feb. 4, 2022 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 49 warehouse clubs in 12 countries and one U.S. territory, today announced a 22.9% increase to its annual dividend,...

1 year ago - PRNewsWire

PRICESMART ANNOUNCES FISCAL 2022 FIRST QUARTER OPERATING RESULTS

SAN DIEGO, Jan. 6, 2022 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 49 warehouse clubs in 12 countries and one U.S. territory, today announced its results of operations for the fiscal...

1 year ago - PRNewsWire

PriceSmart Announces Earnings Release and Conference Call Details for the First Quarter of Fiscal 2022

SAN DIEGO, Dec. 17, 2021 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) plans to release first quarter fiscal year 2022 financial results on Thursday, January 6, 2022, after the market closes. PriceS...

1 year ago - PRNewsWire

Recap: Pricesmart Q4 Earnings

Pricesmart (NASDAQ:PSMT) reported its Q4 earnings results on Thursday, October 21, 2021 at 04:01 PM. Here's what investors need to know about the announcement.

1 year ago - Benzinga

PriceSmart Announces Fiscal 2021 Fourth Quarter Operating Results

SAN DIEGO, Oct. 21, 2021 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 47 warehouse clubs in 12 countries and one U.S. territory, today announced its results of operations for the fourt...

1 year ago - PRNewsWire

Pricesmart's Earnings Outlook

Pricesmart (NASDAQ:PSMT) is set to give its latest quarterly earnings report on Thursday, 2021-10-21. Here's what investors need to know before the announcement.

1 year ago - Benzinga

Click Partners LP Launches Transformative E-Commerce Marketplace with the Acquisition of Aeropost Inc.

The combination of the cross-border logistics and e-commerce provider with Click's marketplace technology and smart-locker network will revolutionize the online shopping experience for Caribbean and C...

1 year ago - PRNewsWire

PriceSmart Announces Sale of Aeropost Package Forwarding and Marketplace Businesses

SAN DIEGO, Oct. 1, 2021 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced the sale of the legacy cross border casillero (package forwarding) and online marketplace businesses operated by...

1 year ago - PRNewsWire

PriceSmart Announces Earnings Release and Conference Call Details for the Fourth Quarter of Fiscal 2021

SAN DIEGO, Sept. 10, 2021 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) plans to release fourth quarter fiscal year 2021 financial results on Thursday, October 21, 2021, after the market closes.

1 year ago - PRNewsWire

PriceSmart On Track To Open More Warehouse Clubs As Revenues Rise

Warehouse club operator PriceSmart, which runs 47 locations in 12 nations and one U.S. territory, said that total revenues for its third quarter increased by approximately 12 percent to about $895 mil...

1 year ago - PYMNTS

PriceSmart Q3 Results Smash Estimates

PriceSmart Inc (NASDAQ: PSMT) reported third-quarter FY21 revenue of $895.3 million, a growth of 11.92% year-on-year, beating the consensus of $848.3 million. Net merchandise sales increased 11.6% Y/Y...

1 year ago - Benzinga

Pricesmart: Q3 Earnings Insights

Shares of Pricesmart (NASDAQ:PSMT) moved higher after the company reported Q3 results. Quarterly Results Earnings per share increased 78.05% year over year to $0.73, which beat the estimate of $0.65.

1 year ago - Benzinga

PriceSmart Announces Fiscal 2021 Third Quarter Operating Results

SAN DIEGO, July 8, 2021 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 47 warehouse clubs in 12 countries and one U.S. territory, today announced its results of operations for the fiscal...

1 year ago - PRNewsWire