PriceSmart Announces Change in Schedule for Earnings Release and Quarterly Report

Rhea-AI Summary

PriceSmart (NASDAQ: PSMT) has announced a change in its first quarter fiscal 2025 earnings release schedule. The company will now release financial results on January 8, 2025 after market close, instead of January 9, due to SEC closure in honor of former President Carter.

The earnings conference call remains scheduled for January 10, 2025, at 12:00 p.m. Eastern time. A digital replay will be available until January 17, 2025.

PriceSmart currently operates 54 warehouse clubs across 12 countries and one U.S. territory, with plans to expand to 56 locations by adding new clubs in Cartago, Costa Rica (spring 2025) and Quetzaltenango, Guatemala (summer 2025).

Positive

• Planned expansion with two new warehouse clubs in 2025
• Strong regional presence with 54 existing warehouse clubs across 13 territories

Negative

• None.

SAN DIEGO, Jan. 3, 2025 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ: PSMT) today announced plans to release financial results for the first quarter of fiscal year 2025 on Wednesday, January 8, 2025 after the market closes. PriceSmart had previously planned to release earnings and file its Quarterly Report on Form 10-Q on January 9, 2025, but the Securities and Exchange Commission will be closed and will not be accepting electronic filings on January 9, 2025 as a mark of respect for the thirty-ninth President of the United States, James Earl Carter, Jr., pursuant to President Biden's December 30, 2024 executive order.

Conference Call Information

PriceSmart management will continue to host its conference call at 12:00 p.m. Eastern time (9:00 a.m. Pacific time) on Friday, January 10, 2025, to discuss the financial results. Individuals interested in participating in the conference call may do so by dialing toll free (800) 549-8228 or (646) 564-2877 for international callers and asking to join the PriceSmart earnings call. A digital replay will be available shortly following the conclusion of the call through Friday, January 17, 2025, by dialing (888) 660-6264 for domestic callers or (646) 517-3975 for international callers and entering replay passcode 20154#.

About PriceSmart

PriceSmart, headquartered in San Diego, owns and operates U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean, selling high quality merchandise and services at low prices to PriceSmart Members. PriceSmart operates 54 warehouse clubs in 12 countries and one U.S. territory (ten in Colombia; eight in Costa Rica; seven in Panama; six in Guatemala; five in Dominican Republic; four each in Trinidad and El Salvador; three in Honduras; two each in Nicaragua and Jamaica; and one each in Aruba, Barbados and the United States Virgin Islands). In addition, the Company plans to open one warehouse club in Cartago, Costa Rica in the spring of 2025 and one warehouse club in Quetzaltenango, Guatemala in the summer of 2025. Once these two new clubs are open, the Company will operate 56 warehouse clubs.

This press release may contain forward-looking statements concerning PriceSmart, Inc.'s ("PriceSmart", the "Company" or "we") anticipated future revenues and earnings, adequacy of future cash flows, future dividends, omni-channel initiatives, proposed warehouse club openings, the Company's performance relative to competitors and related matters. These forward-looking statements include, but are not limited to, statements containing the words "expect," "believe," "will," "may," "should," "project," "estimate," "anticipated," "scheduled," "intend," and like expressions, and the negative thereof. These statements are subject to risks and uncertainties that could cause actual results to differ materially including, but not limited to: various political, economic and compliance risks associated with our international operations, adverse changes in economic conditions in our markets, natural disasters, volatility in currency exchange rates and illiquidity of certain local currencies in our markets, competition, consumer and small business spending patterns, political instability, increased costs associated with the integration of online commerce with our traditional business, whether the Company can successfully execute strategic initiatives, our reliance on third party service providers, including those who support transaction and payment processing, data security and other technology services, cybersecurity breaches that could cause disruptions in our systems or jeopardize the security of Member, employee or business information, cost increases from product and service providers, interruption of supply chains, novel coronavirus (COVID-19) related factors and challenges, exposure to product liability claims and product recalls, recoverability of moneys owed to PriceSmart from governments, and other important factors discussed in the Risk Factors section of the Company's most recent Annual Report on Form 10-K, and other factors discussed from time to time in other filings with the SEC, which are accessible on the SEC's website at www.sec.gov, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Forward-looking statements speak only as of the date that they are made, and the Company does not undertake to update them, except as required by law. In addition, these risks are not the only risks that the Company faces. The Company could also be affected by additional factors that apply to all companies operating globally and in the U.S., as well as other risks that are not presently known to the Company or that the Company considers to be immaterial.

For further information, please contact Michael L. McCleary, EVP, Chief Financial Officer and Principal Accounting Officer (858) 404-8826 or send an email to ir@pricesmart.com.

 

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SOURCE PriceSmart, Inc.

FAQ

When will PriceSmart (PSMT) release Q1 2025 earnings?

PriceSmart will release Q1 2025 earnings on January 8, 2025, after market close.

How many warehouse clubs does PriceSmart (PSMT) currently operate?

PriceSmart currently operates 54 warehouse clubs across 12 countries and one U.S. territory.

Where are PriceSmart's (PSMT) new warehouse clubs opening in 2025?

PriceSmart plans to open new warehouse clubs in Cartago, Costa Rica (spring 2025) and Quetzaltenango, Guatemala (summer 2025).

When is PriceSmart's (PSMT) Q1 2025 earnings conference call?

PriceSmart's Q1 2025 earnings conference call is scheduled for January 10, 2025, at 12:00 p.m. Eastern time.