PriceSmart Q1 fiscal 2024 net income rose 15.5% to $38.0 million, $1.24 per share
PriceSmart reported first quarter fiscal 2024 results for the quarter ended November 30, 2023, with total revenues up 10.6% to $1.17 billion and net income up 15.5% to $38.0 million, or $1.24 per diluted share, versus $1.05 a year earlier. The results show growth in both sales and profit, though part of the sales gain came from favorable currency effects; the filing contains no guidance.
Key points
- Total revenues rose 10.6% to $1.17 billion; net merchandise sales rose 10.7% to $1.14 billion
- Net merchandise sales grew 6.8% on a constant-currency basis; currency added 3.9 percentage points
- Net income was $38.0 million, or $1.24 per diluted share, versus $32.9 million, or $1.05, a year earlier
- Adjusted EBITDA was $77.8 million versus $75.2 million; the company will host a conference call on January 10, 2024 at 12:00 p.m. Eastern time
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 09, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.