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

PriceSmart Q4 fiscal 2024 net income rose 89% to $29.1 million, $0.94 per share

Positive Impact 3 of 5 earnings Written later

PriceSmart reported fourth-quarter fiscal 2024 revenue up 9.6% to $1.23 billion and net income up 89.0% to $29.1 million, or $0.94 per diluted share, compared with $0.49 a year earlier, when results included a $9.2 million minimum tax settlement and a $5.7 million asset impairment charge. For full fiscal 2024, net income rose 27.2% to $138.9 million, or $4.57 per diluted share. The company also plans a seventh warehouse club in Guatemala, which would bring its total to 56 clubs once open in summer 2025.

Key points

  • Q4 fiscal 2024 total revenues rose 9.6% to $1.23 billion; net merchandise sales rose 9.5% to $1.19 billion
  • Q4 fiscal 2024 diluted EPS was $0.94, versus $0.49 in the prior-year quarter
  • Fiscal 2024 total revenues rose 11.4% to $4.91 billion; operating income was $220.9 million
  • Guatemala club in Quetzaltenango expected to open in summer 2025; conference call on October 31, 2024 at 12:00 p.m. Eastern

The filing

CompanyPriceSmart (PSMT)
Form8-K, current report
Filed with the SECOct 30, 2024, 4:10 PM ET
Accession number0001041803-24-000048

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 October 30, 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.