Modest gain for PriceSmart after earnings

• PriceSmart (NASDAQ:PSMT +2.2%) announces net warehouse club sales increased 13% to $677M in FQ4.
• Operating expenses also increased 13% during the quarter, driven higher by elevated warehouse club costs.
• The company's warehouse count rose 4 Y/Y to 37.
• Previously: PriceSmart EPS in-line, beats on revenue (Oct. 29 2015)