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AI brief of an SEC Form 8-K · PriceSmart (PSMT)

PriceSmart Q3 Net Income Rises 9.9% to $32.5 Million; EPS $1.08

Positive Impact 3 of 5 earnings Written later

PriceSmart reported fiscal third-quarter 2024 results for the quarter ended May 31, 2024, with total revenues up 12.1% to $1.23 billion and net income up 9.9% to $32.5 million, or $1.08 per diluted share. Net income for the first nine months rose 17.0% to $109.8 million, or $3.62 per diluted share, showing growth in both periods for shareholders.

Key points

  • Q3 total revenues rose 12.1% to $1.23 billion; net merchandise sales rose 11.6% to $1.19 billion.
  • Q3 operating income was $49.9 million, up from $43.1 million a year earlier.
  • Q3 adjusted EBITDA was $71.0 million, compared with $63.9 million in the prior-year quarter.
  • Comparable net merchandise sales rose 7.8% for the 13 weeks ended June 2, 2024; foreign currency added 2.2 points.

The filing

CompanyPriceSmart (PSMT)
Form8-K, current report
Filed with the SECJul 10, 2024, 4:02 PM ET
Accession number0001041803-24-000032

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing 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 July 10, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.