Stock Track | PriceSmart Plunges 5.97% After-Hours on Q1 Earnings Miss Despite Revenue Beat

Stock Track
01/08

PriceSmart Inc. (NASDAQ: PSMT) saw its shares plummet 5.97% in after-hours trading on Wednesday following the release of its fiscal first-quarter earnings report. The decline came despite the company posting revenue growth that exceeded analyst expectations.

The warehouse club operator reported earnings per share (EPS) of $1.29 for Q1, missing the FactSet consensus estimate of $1.35. Revenue, however, rose to $1.382 billion, surpassing the $1.352 billion forecast. While the revenue beat reflects strong sales growth (9.86% year-over-year), the earnings shortfall appears to have driven the after-hours sell-off.

PriceSmart also announced plans to open a tenth club in Costa Rica, signaling continued expansion efforts. The stock's reaction underscores investor focus on profitability metrics amid rising costs or other margin pressures.

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