PriceSmart Inc

NASDAQ:PSMTUnited States

Oct 30, 2024

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• -- Earnings Flash (PSMT) PRICESMART Reports Q4 Revenue $1.23B, from 4:44PM ET on Wednesday Oct 30, 2024 by MT Newswires

  4:44PM ET on Wednesday Oct 30, 2024 by MT Newswires
  Companies Mentioned: PSMT
  04:44 PM EDT, 10/30/2024 (MT Newswires) -- ...

• -- Earnings Flash (PSMT) PRICESMART Reports Q4 EPS $0.94, from 4:43PM ET on Wednesday Oct 30, 2024 by MT Newswires

  4:43PM ET on Wednesday Oct 30, 2024 by MT Newswires
  Companies Mentioned: PSMT
  04:43 PM EDT, 10/30/2024 (MT Newswires) -- ...

• PRICESMART ANNOUNCES FISCAL 2024 FOURTH QUARTER OPERATING RESULTS AND PLANS FOR SEVENTH WAREHOUSE CLUB IN GUATEMALA, from 4:01PM ET on Wednesday Oct 30, 2024 by PR Newswire

  4:01PM ET on Wednesday Oct 30, 2024 by PR Newswire
  Companies Mentioned: PSMT

  NET MERCHANDISE SALES GREW 9.5% COMPARABLE NET MERCHANDISE SALES INCREASED 6.2% $0.94EARNINGS PER DILUTED SHARE

  PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ: PSMT), operator of 54warehouse clubs in 12countries and oneU.S. territory, today announced results for the fiscal fourth quarter of 2024, which ended on August31, 2024.

• *DJ PriceSmart 4Q EPS 94c >PSMT, from 4:01PM ET on Wednesday Oct 30, 2024 by Dow Jones

  4:01PM ET on Wednesday Oct 30, 2024 by Dow Jones
  Companies Mentioned: PSMT

• PRICESMART ANNOUNCES FISCAL 2024 FOURTH QUARTER OPERATING RESULTS AND PLANS FOR SEVENTH WAREHOUSE CLUB IN GUATEMALA, from 4:01PM ET on Wednesday Oct 30, 2024 by Dow Jones

  4:01PM ET on Wednesday Oct 30, 2024 by Dow Jones
  Companies Mentioned: PSMT
  Interest expense 3,271 2,710 12,959 11,020 Provision for income taxes 12,723 15,304 62,618 59,951 Depreciation and amortization 21,497 19,434 82,611 72,698 Interest income (2,437) (3,611) (11,049) (9,871) Other expense, net (1) 6,563 2,361 17,607 14,156 Separation costs associated with Chief Executive Officer departure (2) -- -- -- 7,747 Aeropost-related write-offs (3) -- -- -- 2,786 VAT receivable write-off (4) -- -- -- 2,309 Asset impairment and closure costs (5) -- 5,658 -- 5,658 ---------------------- ---------------------- -------------------- -------------------- Adjusted EBITDA $ 70,685 $ 57,237 $ 303,621 $ 275,659 ====================== ====================== ==================== ==================== (1) Primarily consists of foreign currency losses or gains due to the revaluation of monetary assets and liabilities (primarily U.S. dollars). This line item includes a gain of $950,000 associated with the acquisition of a building upon a lease termination in the fourth quarter of fiscal year 2023. (2) Reflects $7.7 million of separation costs associated with the departure of our former Chief Executive Officer in February 2023. (3) Reflects $2.1 million of Aeropost-related write-offs in the first quarter of fiscal year 2023 and $660,000 of a receivable written-off in connection with the settlement in the third quarter of fiscal year 2023 of a claim for indemnification from the buyer of the Aeropost business. (4) Reflects $2.3 million of VAT receivables related to prior periods deemed not recoverable and written-off in the third quarter of fiscal year 2023 following unfavorable court rulings. (5) Reflects $5.7 million of impairment charges primarily related to the write down of assets in connection with our decision in the fourth quarter of fiscal year 2023 to seek to sell our Trinidad sustainable packaging plant.