Pricesmart, Inc. Reports Earnings Results for the First Quarter Ended November 30, 2020
January 08, 2021 at 02:31 am IST
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PriceSmart, Inc. announced earnings results for the first quarter ended November 30, 2020. For the first quarter, the company announced total revenue was USD 877.432 million compared to USD 811.941 million a year ago. Operating income was USD 44.531 million compared to USD 30.714 million a year ago. Net income was USD 27.737 million compared to USD 19.728 million a year ago. Basic earnings per share from continuing operations was USD 0.9 compared to USD 0.64 a year ago.
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. 
