PriceSmart Seizes Market Opportunity in Central and South America - Research
Report on PriceSmart, Inc.
Expectations are high as PriceSmart is expected to become the next Costco in
NEW YORK, January 24, 2013
NEW YORK, January 24, 2013 /PRNewswire/ --
PriceSmart, Inc. (NASDAQ:PSMT) [Full Research Report]^(1) is tagged as the
Caribbean Costco after establishing a stronghold for its brand in Central and
South America. From being a timid spin-off to a 30-strong warehouse club,
PriceSmart has the bragging rights to be a big name where it operates. While
there is a lot of competition in the market, the company's recent surprise to
analysts are figures that show the sum of it all.
PriceSmart is relatively young in the industry, but it has a lot of potential.
The company's gains have exceeded expectations after raking in 11.8% of
increased sales and 20% of additional membership income. Investors have been
particularly bullish about the company's growth story, and an important thing
to note when assessing PriceSmart is the key markets that the company
continues to penetrate.
Analysts are expecting Central and South America to be bright spots this year
and beyond. The company recently entered Colombia, South America's third
largest economy, where the market is expected to be bigger than the markets in
Costa Rica and Panama. By focusing on Colombia and Costa Rica, it's not hard
to conclude that PriceSmart has more growth stories to share.
The company does have a lot of potential to be the next Costco, but it is
better for PriceSmart to be plainly PriceSmart. Regardless of owning up to its
reputation, it obviously has the upper-hand in its markets. With an impressive
renewal rate of 86% and a membership income of 20%, PriceSmart is a trusted
brand that is preferred by households. The most important decision that
PriceSmart and its executives should make is expansion. By expanding their
operations in markets where doing business is looking bright, PriceSmart can
truly seize the market and seize the day.
^(1) The Full Research Report on PriceSmart, Inc. - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at:
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