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Pricesmart Inc. - PSMT STOCK NEWS

Welcome to our dedicated news page for Pricesmart (Ticker: PSMT), a resource for investors and traders seeking the latest updates and insights on Pricesmart.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Pricesmart's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Pricesmart's position in the market.

News
PRICESMART ANNOUNCES FISCAL 2024 SECOND QUARTER OPERATING RESULTS; $1.00 PER SHARE SPECIAL DIVIDEND; PLANS FOR NINTH WAREHOUSE IN COSTA RICA
Rhea-AI Summary
PriceSmart, Inc. reports a 13.1% increase in total revenues, with net merchandise sales growing by 13.0% in the fiscal second quarter of 2024. Comparable net merchandise sales increased by 8.8%, leading to a 25.3% rise in net income. Adjusted EBITDA also saw a positive growth of 5.9% compared to the prior year period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.08%
Tags
dividends earnings
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News
PriceSmart Announces Opening of Fourth Warehouse Club in El Salvador and Earnings Release and Conference Call Details for the Second Quarter of Fiscal 2024
Rhea-AI Summary
PriceSmart, Inc. opens a new warehouse club in El Salvador, expanding its total to 54 clubs. The company plans to release its second-quarter financial results on April 9, 2024, followed by a conference call on April 10, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
Tags
earnings
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News
PriceSmart Announces 26% Increase to Annual Dividend; Voting Results from the 2024 Annual Meeting of Stockholders
Rhea-AI Summary
PriceSmart, Inc. (NASDAQ: PSMT) announced a 26% increase in its annual dividend, with $1.16 per share payable in two installments, and the results of its 2024 annual meeting of stockholders. The Board of Directors expressed confidence in PriceSmart's cash generating activities. Eleven nominees were elected to the Board of Directors at the annual meeting, and several proposals were approved by stockholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.22%
Tags
dividends
News
PRICESMART ANNOUNCES FISCAL 2024 FIRST QUARTER OPERATING RESULTS
Rhea-AI Summary
PriceSmart, Inc. (NASDAQ: PSMT) reports 10.7% growth in net merchandise sales and an increase of 8.0% in comparable net merchandise sales for the fiscal first quarter of 2024. Total revenues increased 10.6% to $1.17 billion, with net merchandise sales reaching $1.14 billion. Adjusted net income was $38.0 million, or $1.24 per diluted share, compared to $35.0 million, or $1.12 per diluted share, in the comparable prior year period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.91%
Tags
earnings
-
News
PriceSmart Announces Opening of Sixth Warehouse Club in Guatemala and Earnings Release and Conference Call Details for the First Quarter of Fiscal 2024
Rhea-AI Summary
PriceSmart, Inc. (NASDAQ: PSMT) recently opened its newest warehouse club in Escuintla, Guatemala, bringing the total number of warehouse clubs to 53. The Escuintla club is the sixth in Guatemala and was built on a five-acre property. The company also announced the release of its first quarter fiscal year 2024 financial results on January 9, 2024, with a conference call scheduled for January 10, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.26%
Tags
earnings
-
News
PRICESMART ANNOUNCES FISCAL 2023 FOURTH QUARTER OPERATING RESULTS
Rhea-AI Summary
PriceSmart, Inc. (NASDAQ: PSMT) reported a 9.5% increase in total revenues for the fiscal fourth quarter of 2023, reaching $1.12 billion. Net merchandise sales grew by 10.0% to $1.09 billion, with a positive impact from foreign currency exchange rate fluctuations. Comparable net merchandise sales increased by 8.8%. The company recorded operating income of $32.1 million and net income of $15.4 million, or $0.49 per diluted share. Adjusted net income was $20.4 million, or $0.65 per diluted share. The stock buyback program of $75 million has been completed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.81%
Tags
earnings
News
PriceSmart Announces Opening of Tenth Warehouse Club in Colombia and Earnings Release and Conference Call Details for the Fourth Quarter of Fiscal 2023
Rhea-AI Summary
PriceSmart opens new warehouse club in Medellín, Colombia, bringing total number of clubs to 52.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.67%
Tags
earnings
-
News
PriceSmart Announces Organizational Changes
Rhea-AI Summary
PriceSmart, Inc. appoints David Price as Executive Vice President and Chief Transformation Officer, and welcomes Wayne Sadin as Chief Information Officer. The organizational change aims to promote collaboration, alignment, and agility within the company. Mr. Price will oversee Information Technology, PriceSmart.com, and the Project Management Office. Mr. Sadin will be responsible for technology systems, data management, cybersecurity, and digital innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
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News
PRICESMART ANNOUNCES FISCAL 2023 THIRD QUARTER OPERATING RESULTS AND $75 MILLION STOCK BUYBACK PROGRAM
Rhea-AI Summary
PriceSmart, Inc. (NASDAQ: PSMT) announced a 7.1% increase in net merchandise sales and a $0.94 earnings per diluted share for the fiscal third quarter of 2023. The company also reported a $75 million stock repurchase program. Total revenues increased 6.4% to $1.10 billion compared to the prior year period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.39%
Tags
buyback earnings
News
PriceSmart Announces Release of Its Comprehensive Environmental and Social Responsibility (ESR) Report for Fiscal Year 2022
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.13%
Tags
earnings
Stock PSMT logo
Pricesmart Inc.

Nasdaq:PSMT

PSMT Rankings

#1712 Ranked by Market Cap
#1147 Ranked by Stock Gains
#1643 Ranked by Dividends

PSMT Stock Data

2.44B
27.45M
8.47%
91.22%
2.38%
All Other General Merchandise Stores
Retail Trade
Link
US
San Diego

About PSMT

pricesmart, inc. (nasdaq: psmt) es el operador más grande de clubes de compra por membresía en américa central y el caribe, ahora ingresando en sur américa atreves de colombia. atendemos a más de un millón de socios en 31 clubes a lo largo de 12 países y un territorio no incorporado de los estados unidos. pricesmart fue desarrollado por sol y robert price, fundadores de the price club. robert price es el presidente de la junta administrativa. el modelo de compra con membresía de pricesmart es similar en muchos aspectos a los clubes de los estados unidos como costco y sam’s, pero presenta algunas diferencias: ● tamaño de tienda más pequeño (50.000 a 75.000 pies cuadrados) para adaptarse al tamaño de los mercados en que funcionamos ● costo de membresía más bajo (un promedio de $35.00) ● mercadería personalizada a las preferencias locales y los clientes minoristas y mayoristas actualmente se pueden encontrar clubes de pricesmart en los siguientes países: colombia (3), costa rica (5