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Last $83.49 USD
Change Today -1.03 / -1.22%
Volume 102.3K
PSMT On Other Exchanges
Symbol
Exchange
NASDAQ GS
Stuttgart
Mexico
As of 5:20 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

pricesmart inc (PSMT) Snapshot

Open
$84.37
Previous Close
$84.52
Day High
$85.03
Day Low
$83.46
52 Week High
07/23/15 - $103.59
52 Week Low
03/5/15 - $74.61
Market Cap
2.5B
Average Volume 10 Days
173.4K
EPS TTM
$2.97
Shares Outstanding
30.2M
EX-Date
08/12/15
P/E TM
28.1x
Dividend
$0.70
Dividend Yield
0.84%
Current Stock Chart for PRICESMART INC (PSMT)

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pricesmart inc (PSMT) Details

PriceSmart, Inc., together with its subsidiaries, owns and operates membership shopping warehouse clubs in Latin American and the Caribbean. The company operates its warehouse clubs under the PriceSmart brand name. As of December 1, 2014, it operated 36 warehouse clubs, including six each in Costa Rica and Colombia; four each in Panama and Trinidad; three each in Guatemala, the Dominican Republic, and Honduras; two in El Salvador; and one each in Aruba, Barbados, Jamaica, Nicaragua, and the United States Virgin Islands. The company was founded in 1994 and is headquartered in San Diego, California.

6,772 Employees
Last Reported Date: 10/30/14
Founded in 1994

pricesmart inc (PSMT) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $579.9K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $341.1K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $413.4K
Chief Merchandising Officer and Executive Vic...
Total Annual Compensation: $361.8K
Chief Ethics & Compliance Officer, Executive ...
Total Annual Compensation: $354.5K
Compensation as of Fiscal Year 2014.

pricesmart inc (PSMT) Key Developments

PriceSmart Inc. Reports Sales Results for the Month and Year to Date Ended July 31, 2015

PriceSmart Inc. reported sales results for the month and year to date ended July 31, 2015. For the month of July 2015, net warehouse club sales increased 14.5% to $227.4 million, from $198.6 million in July a year earlier. For the eleven months ended July 31, 2015, net warehouse club sales increased 11.2% to $2,488.4 million from $2,237.6 million for the eleven months ended July 31, 2014. For the four weeks ended July 26, 2015, comparable warehouse sales for the 33 warehouse clubs open at least 13 1/2 full months increased 3.5%, compared to the same four-week period last year. For the forty-seven week period ended July 26, 2015, comparable warehouse sales increased 2.7%, compared to the comparable forty-seven week period a year ago.

PriceSmart Inc. Approves Second Amended and Restated Bylaws

On July 15, 2015, the Board of Directors of PriceSmart Inc. approved and adopted the second amended and restated bylaws of the company. The second amended and restated bylaws include the following updated provisions: the addition of advance notice requirements for stockholder proposals and director nominations, including informational requirements in connection with such proposals and director nominations; an exclusive forum selection provision specifying Delaware as the sole and exclusive forum for certain lawsuits involving the company; and provisions allowing for uncertificated shares of the company's capital stock.

PriceSmart Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended on May 31, 2015; Reports Sales Results for the Month and Ten Months Ended June 30, 2015

PriceSmart Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended on May 31, 2015. For the quarter, the company reported total revenues of USD 697,103,000 against USD 615,037,000 a year ago. Operating income was USD 33,518,000 against USD 31,203,000 a year ago. Income before provision for income taxes and income was USD 31,875,000 against USD 30,851,000 a year ago. Net income was USD 21,195,000 against USD 21,320,000 a year ago. Basic and diluted net income per share was USD 0.70 against USD 0.70 a year ago. For the nine months, the company reported total revenues of USD 2,103,421,000 against USD 1,895,012,000 a year ago. Operating income was USD 111,511,000 against USD 102,937,000 a year ago. Income before provision for income taxes and income was USD 102,963,000 against USD 102,058,000 a year ago. Net income was USD 66,677,000 against USD 71,030,000 a year ago. Diluted net income per share was USD 2.20 against USD 2.34 a year ago. Operating cash flow for the first nine months of the fiscal year was USD 65.7 million and the company used USD 63.4 million for the purchase of land in Panama, Nicaragua, the construction of the four warehouse clubs the company have opened so far this year, the latest one being on June 25, and ongoing maintenance capital spending to improve operations and ensure a good shopping environment for members. For the month June 30, 2015, the company reported net warehouse club sales increased 11.8% to USD 217.2 million, from USD 194.3 million in June a year earlier. For the ten months ended June 30, 2015, the company reported net warehouse club sales increased 10.9% to USD 2,261.0 million, from USD 2,039.0 million for the ten months ended June 30, 2014.

 

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Industry Analysis

PSMT

Industry Average

Valuation PSMT Industry Range
Price/Earnings 28.9x
Price/Sales 0.9x
Price/Book 4.4x
Price/Cash Flow 28.8x
TEV/Sales 0.8x
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