Shares of Pricesmart (PSMT) soared 7.10% in pre-market trading on Friday, following the company's impressive third-quarter financial results. The warehouse club operator, which focuses on Latin America and the Caribbean markets, reported revenue that surpassed analyst expectations, despite a slight miss on earnings.

According to the company's fiscal third-quarter report, Pricesmart's merchandise sales, which constitute the majority of its top line, rose 7% on a comparable basis. This strong performance in sales demonstrates the company's resilience and ability to attract customers in its target markets, even in the face of challenging economic conditions.

The positive reception to Pricesmart's results reflects investor confidence in the company's business model and growth strategy. As a membership-based warehouse club, Pricesmart has been able to leverage its unique position in Latin American and Caribbean markets to drive sales growth. The strong revenue beat suggests that the company's expansion efforts and customer retention strategies are paying off, potentially setting the stage for continued growth in the coming quarters.