PriceSmart, Inc. Announces Merchandise Sales Results for the Month and Four Months Ended December 31, 2019
January 08, 2020 at 06:30 pm IST
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PriceSmart, Inc. announced sales results for the month and four months ended December 31, 2019. For the month of December 2019, net merchandise sales increased 4.3% to $362.1 million from $347.1 million in December a year earlier.
For the fiscal year to date, which includes the four months ended December 31, 2019, net merchandise sales increased 4.3% to $1,141.0 million from $1,094.5 million for the four months ended December 31, 20818.
PriceSmart, Inc. owns and operates United States (US)-style membership shopping warehouse clubs in Latin America and the Caribbean, selling merchandise and providing services to PriceSmart members. The Company operates approximately 52 warehouse clubs in 12 countries and one US territory. Its segments include the US, Central America, the Caribbean and Colombia. It offers merchandise and services in various categories, such as consumables, fresh foods, hardlines, food service and bakery, and health services. It also owns Member's Selection private label products. The Company's consumable products include groceries, cleaning supplies, and health and beauty aids. Its fresh food products include meat, produce, deli, seafood and poultry. The Company's hardline products include electronics, automotive, hardware, sporting goods, and seasonal products. Its softline products include clothing, domestics and home furnishing products. Its health services include optical, audiology and pharmacy.
PRICESMART, INC. 
