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Post-earnings rip for Pricesmart

Oct. 29, 2019 4:45 PM ETPriceSmart, Inc. (PSMT) StockPSMTBy: Clark Schultz, SA News Editor
  • Pricesmart (NASDAQ:PSMT) reports sales were up 3.7% in Q3. Comparable sales were up 1.5% across the 41 warehouse clubs in the comparison pool.
  • Operating income was $32.0M vs. $27.2M a year ago.
  • The retailer operated 43 clubs at the end of the quarter, up two from a year ago.
  • The company also disclosed the resignation of CFO Maarten Jager due to personal reasons.
  • PSMT +17.10% AH on volume of over 21K shares.
  • Previously: PriceSmart EPS beats by $0.17, misses on revenue (Oct. 29)

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