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.
Key points
- 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
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 April 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.