PSMT fell ~10% after Q3.
Revenues beat estimates, and same-store-sales grew, but the improvement was mainly due to FX impacts, and comps growth is decelerating.
PSMT is expensive compared to historical averages, and investors interested in Latin America would be better off with an ETF instead.
Shares of PriceSmart (PSMT) fell 10% the other day after the company reported Q3 results. Revenues beat estimates, but the improvement was mainly due to a stronger Colombian peso. FX fluctuations have a