PriceSmart, Inc. (PSMT)

NASDAQ: PSMT · IEX Real-Time Price · USD
82.44
+2.02 (2.51%)
Apr 19, 2024, 3:29 PM EDT - Market open
2.51%
Market Cap 2.52B
Revenue (ttm) 4.67B
Net Income (ttm) 122.27M
Shares Out 30.52M
EPS (ttm) 3.98
PE Ratio 20.61
Forward PE 18.30
Dividend $1.16 (1.41%)
Ex-Dividend Date Aug 15, 2024
Volume 82,641
Open 80.12
Previous Close 80.42
Day's Range 80.12 - 82.64
52-Week Range 61.82 - 86.90
Beta 0.93
Analysts Strong Buy
Price Target 90.00 (+9.17%)
Earnings Date Apr 9, 2024

About PSMT

PriceSmart, Inc. owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry. It offers electronics, large and small appliances, automotive, hardware, sporting goods, seasonal products, clothing, domestics, and home furnishing products. In addition, the company offers foo... [Read more]

Industry Discount Stores
IPO Date Aug 28, 1997
Employees 11,000
Stock Exchange NASDAQ
Ticker Symbol PSMT
Full Company Profile

Financial Performance

In 2023, PriceSmart's revenue was $4.41 billion, an increase of 8.50% compared to the previous year's $4.07 billion. Earnings were $109.21 million, an increase of 4.47%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for PSMT stock is "Strong Buy" and the 12-month stock price forecast is $90.0.

Price Target
$90.0
(9.17% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

PRICESMART ANNOUNCES FISCAL 2024 SECOND QUARTER OPERATING RESULTS; $1.00 PER SHARE SPECIAL DIVIDEND; PLANS FOR NINTH WAREHOUSE IN COSTA RICA

NET MERCHANDISE SALES GREW 13.0% COMPARABLE NET MERCHANDISE SALES INCREASED 8.8%  $1.31 EARNINGS PER DILUTED SHARE & ADJUSTED EARNINGS PER  DILUTED SHARE SAN DIEGO , April 9, 2024 /PRNewswire/ -- Pric...

9 days ago - PRNewsWire

PriceSmart Announces Opening of Fourth Warehouse Club in El Salvador and Earnings Release and Conference Call Details for the Second Quarter of Fiscal 2024

SAN DIEGO , March 1, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ: PSMT) today announced that on February 15, 2024 the Company opened its newest warehouse club in the ...

7 weeks ago - PRNewsWire

PriceSmart Announces 26% Increase to Annual Dividend; Voting Results from the 2024 Annual Meeting of Stockholders

SAN DIEGO , Feb. 2, 2024 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 53 warehouse clubs in 12 countries and one U.S. territory, today announced a 26% increase to its annual dividend a...

2 months ago - PRNewsWire

PriceSmart, Inc. to Streamline Pricing and Promotion Planning with RELEX Solutions

ATLANTA--(BUSINESS WIRE)-- #nrf2024--PriceSmart Inc., the largest operator of membership warehouse clubs in Central America, the Caribbean, and Colombia, announced an addition to its use of solutions ...

3 months ago - Business Wire

PRICESMART ANNOUNCES FISCAL 2024 FIRST QUARTER OPERATING RESULTS

NET MERCHANDISE SALES GREW 10.7% COMPARABLE NET MERCHANDISE SALES INCREASED 8.0%  $1.24 EARNINGS PER DILUTED SHARE & ADJUSTED EARNINGS PER  DILUTED SHARE SAN DIEGO , Jan. 9, 2024 /PRNewswire/ -- Price...

3 months ago - PRNewsWire

PriceSmart Announces Opening of Sixth Warehouse Club in Guatemala and Earnings Release and Conference Call Details for the First Quarter of Fiscal 2024

SAN DIEGO , Dec. 1, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced that on November 30, 2023 the Company opened its newest warehouse club in Escuintla, Guatemala, bringing the to...

5 months ago - PRNewsWire

PRICESMART ANNOUNCES FISCAL 2023 FOURTH QUARTER OPERATING RESULTS

NET MERCHANDISE SALES GREW 10.0% COMPARABLE NET MERCHANDISE SALES INCREASED 8.8% $0.49 EARNINGS PER DILUTED SHARE $0.65 ADJUSTED EARNINGS PER  DILUTED SHARE, NET OF $0.30 TAX SETTLEMENT CHARGE SAN DIE...

6 months ago - PRNewsWire

PriceSmart, Inc. Selects RELEX Solutions to Optimize Their Supply Chain and Retail Planning

ATLANTA--(BUSINESS WIRE)--PriceSmart, Inc., the largest operator of membership warehouse clubs in Central America, the Caribbean, and Colombia, has chosen RELEX Solutions to enhance its supply chain a...

7 months ago - Business Wire

PriceSmart Announces Opening of Tenth Warehouse Club in Colombia and Earnings Release and Conference Call Details for the Fourth Quarter of Fiscal 2023

SAN DIEGO , Sept. 5, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced that on September 1, 2023 the Company opened its newest warehouse club in Medellín, Colombia, bringing the tot...

8 months ago - PRNewsWire

PriceSmart Announces Organizational Changes

David Price Appointed Executive Vice President and Chief Transformation Officer Welcomes Wayne Sadin as Chief Information Officer SAN DIEGO, July 28, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSM...

9 months ago - PRNewsWire

PriceSmart stock falls more than 6% after fiscal Q3 earnings

Shares of PriceSmart Inc. PSMT, +1.85% dropped more than 6% in the extended session Monday after the operator of warehouse-club retail stores mostly in the Caribbean and Central and South America repo...

10 months ago - Market Watch

PRICESMART ANNOUNCES FISCAL 2023 THIRD QUARTER OPERATING RESULTS AND $75 MILLION STOCK BUYBACK PROGRAM

NET MERCHANDISE SALES GREW 7.1% COMPARABLE NET MERCHANDISE SALES INCREASED 5.8% $0.94 EARNINGS PER DILUTED SHARE $1.02 ADJUSTED EARNINGS PER  DILUTED SHARE SAN DIEGO , July 10, 2023 /PRNewswire/ -- Pr...

10 months ago - PRNewsWire

PriceSmart Announces Release of Its Comprehensive Environmental and Social Responsibility (ESR) Report for Fiscal Year 2022

SAN DIEGO , June 2, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced the release of its Environmental and Social Responsibility (ESR) report for fiscal year 2022 (September 1, 2021...

11 months ago - PRNewsWire

PriceSmart Announces Opening of Third Warehouse Club in El Salvador and Earnings Release and Conference Call Details for the Third Quarter of Fiscal 2023

SAN DIEGO , June 1, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced that on May 4, 2023 the Company opened its newest warehouse club in San Miguel, El Salvador, bringing the total...

11 months ago - PRNewsWire

PRICESMART ANNOUNCES FISCAL 2023 SECOND QUARTER OPERATING RESULTS AND PLANS FOR FOURTH WAREHOUSE CLUB IN EL SALVADOR

SAN DIEGO, April 10, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 50 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal second quarter ...

1 year ago - PRNewsWire

PriceSmart Announces Plans for Sixth Warehouse Club in Guatemala and Earnings Release and Conference Call Details for the Second Quarter of Fiscal 2023

SAN DIEGO , March 14, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced that it has leased land and has plans to open its sixth warehouse club in Guatemala, located in the city of E...

1 year ago - PRNewsWire

PriceSmart Announces 7.0% Increase to Semi-Annual Dividend; Voting Results from the 2023 Annual Meeting of Stockholders; Appointment of New Director

SAN DIEGO , Feb. 3, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 50 warehouse clubs in 12 countries and one U.S. territory, today announced a 7.0% increase to its annual dividend,...

1 year ago - PRNewsWire

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 year 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 year 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....

1 year 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 year 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 year 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/ -...

1 year 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...

1 year 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...

1 year ago - PRNewsWire