By Natalie Weger
PriceSmart said it logged higher revenue and profit in its fiscal third quarter as merchandise sales increased.
The operator of membership warehouse clubs in Latin America and the Caribbean posted a profit of $35.2 million, or $1.14 a share, for the three months ended May 31, compared with $32.5 million, or $1.08 cents a share, a year earlier. Analysts polled by FactSet expected $1.12 a share.
Revenue rose 7.1%, to $1.32 billion.
Merchandise sales, which make up the most of the company's top line, rose 7% on a comparable basis, the company said.
The San Diego company said it had 55 warehouse clubs in operation at the end of the quarter, one more than a year ago.
PriceSmart said it is evaluating Chile as a potential new market for multiple warehouse clubs. The company said it has hired local consultants and is actively looking for new sites in the country, but opening these warehouse clubs remains subject to change.
Write to Natalie Weger at natalie.weger@wsj.com
(END) Dow Jones Newswires
July 10, 2025 16:21 ET (20:21 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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