PriceSmart Q2 net income rises 25.3% to $39.3 million; declares $1.00 special dividend
PriceSmart reported fiscal second quarter 2024 results ended February 29, 2024, with total revenues up 13.1% to $1.29 billion and net income up 25.3% to $39.3 million, or $1.31 per diluted share. The Board also declared a one-time $1.00 per share special dividend payable April 30, 2024, to holders of record on April 19, 2024, which returns excess cash to shareholders.
- Q2 total revenues rose 13.1% to $1.29 billion; net income rose 25.3% to $39.3 million, or $1.31 per diluted share, versus $1.02 a year earlier
- Comparable net merchandise sales increased 8.8%; constant-currency comparable sales increased 5.2%
- One-time $1.00 per share special dividend declared April 3, 2024, payable April 30, 2024, to stockholders of record April 19, 2024
- Company purchased land for a ninth Costa Rica warehouse club, expected to open in early 2025, bringing the total to 55 clubs