PriceSmart Inc. reported unaudited consolidated earnings results for the first quarter ended November 30, 2014. For the quarter, the company reported total revenues of $656,021,000 against $605,601,000 a year ago. Operating income was $36,285,000 against $32,359,000 a year ago. Income before provision for income taxes and income of unconsolidated affiliates was $32,743,000 against $31,813,000 a year ago. Net income was $20,647,000 against $21,432,000 a year ago. Basic and diluted net income per share was $0.68 against $0.71 a year ago.

For the month of December 2014, net sales increased 9.6% to $307.8 million from $280.8 million in December a year earlier.

For the four months ended December 31, 2014, net sales increased 8.5% to $944.2 million from $870.5 million in the same period last year. There were 36 warehouse clubs in operation at the end of December 2014 compared to 32 warehouse clubs in operation in December 2013. For the four weeks ended December 28, 2014, comparable warehouse sales for the 31 warehouse clubs open at least 13 1/2 full months increased 0.3% compared to the same four-week period last year.

For the seventeen-week period ended December 28, 2014, comparable warehouse sales increased 1.5% compared to the comparable seventeen-week period a year ago.