NASDAQ$PSMT

Pricesmart Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Pricesmart's first quarter of fiscal year 2022 resulted in increased total revenues, net merchandise sales, and comparable net merchandise sales, driven by a record membership base.

PriceSmart reported a strong first quarter, with a 12.6% increase in net merchandise sales and a 9.4% increase in comparable net merchandise sales. The company's membership base reached an all-time high, and diluted earnings per share increased to $0.98.

  • Net merchandise sales increased by 12.6% compared to the same period last year.
  • Comparable net merchandise sales grew by 9.4% compared to the prior year period.
  • The membership base reached an all-time high, with a 12-month trailing renewal rate of 89.0%.
  • Diluted earnings per share increased to $0.98, compared to $0.90 in the first quarter of fiscal year 2021.

Headline financials

Total Revenue

$975M

Previous: $877M+11.2%
EPS (adj)

$0.98

Previous: $0.90+8.9%
Capital Expenditures

-$29.7M

Previous: -$21.2M-40.4%
Free Cash Flow

$782K

Previous: $6.57M-88.1%
Net Income

$30.5M

Previous: $27.7M+10.0%
Operating Income

$46M

Previous: $44.5M+3.3%
Gross Profit

$975M

Previous: $877M+11.2%
Cash & Equivalents

$176M

Previous: $208M-15.3%
Total Assets

$1.79B

Previous: $1.68B+6.6%
Stock-Based Comp

$4.57M

Previous: $4.08M+12.1%

Revenue & EPS history

Pricesmart · Revenue · Quarterly

$975M

Q1 2022+11.2%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Pricesmart · $975M total across 4 segments · Q1 2022

  • Net Merch. Sales
    $944M
  • Membership Income
    $14.8M
  • Export Sales
    $10.5M
  • Other Revenue
    $5.99M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.9%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.5%

Avg return

30 days after

50%

33 / 66 earnings

Positive

+15.4%

Q2 2020

Best reaction

-15.5%

Q1 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+3.0%+0.0%+1.0%
Q1 2026+4.5%+7.2%+22.9%
Q4 2025-4.8%-3.0%+0.2%
Q3 2025+0.7%+0.8%+1.3%
Q2 2025+7.0%+6.8%+21.8%
Q1 2025-3.2%-8.0%-0.6%
Q4 2024-8.0%-5.0%-0.6%
Q3 2024+2.6%+7.8%+5.7%
Q2 2024-3.6%-4.9%+2.2%
Q1 2024+4.5%+5.2%+6.9%
Q4 2023-13.4%-7.4%-6.3%
Q3 2023+2.3%+0.8%+2.3%
Q2 2023+12.6%+8.8%+2.1%
Q1 2023+8.4%+11.6%+17.6%
Q4 2022+6.6%+8.6%+10.7%
Q3 2022-9.9%-9.0%-11.8%
Q2 2022+10.9%+4.0%-1.4%
Q1 2022+2.1%+2.6%-6.0%
Q4 2021-5.3%-9.2%-0.6%
Q3 2021+4.8%+3.6%-2.1%
Q2 2021-6.4%-6.5%-7.2%
Q1 2021+1.9%+1.5%+2.0%
Q4 2020-4.6%-4.9%+13.1%
Q3 2020+6.4%+8.3%+12.1%
Q2 2020+15.4%+11.2%-3.0%
Q1 2020-6.9%-5.8%-10.0%
Q4 2019+3.9%+6.2%+3.8%
Q3 2019+5.6%+14.3%+10.4%
Q2 2019+6.3%+2.8%-4.1%
Q1 2019+3.3%+3.9%-4.6%
Q4 2018-14.6%-15.7%-18.9%
Q3 2018-8.7%-14.7%-9.8%
Q2 2018+5.2%+5.1%-1.6%
Q1 2018-6.0%-4.7%-2.9%
Q4 2017-3.4%-7.0%-9.5%
Q3 2017-7.6%-7.7%-4.5%
Q2 2017-5.3%-5.3%-4.2%
Q1 2017+5.0%+1.3%+6.3%
Q4 2016+3.4%+2.0%+4.9%
Q3 2016-11.6%-11.3%-16.7%
Q2 2016-2.2%
Q1 2016-5.7%
Q4 2015+2.1%
Q3 2015+3.7%
Q2 2015-3.5%
Q1 2015-8.4%
Q4 2014+0.0%
Q3 2014-1.2%
Q2 2014-10.7%
Q1 2014-10.3%
Q4 2013+9.7%
Q3 2013-3.0%
Q2 2013+5.5%
Q1 2013+2.1%
Q4 2012+6.3%
Q3 2012+5.5%
Q2 2012+3.2%
Q1 2011-2.6%
Q1 2012-15.5%
Q4 2011-11.6%
Q2 2011-11.6%
Q4 2009-4.2%
Q3 2011-4.2%
Q3 2010-4.2%
Q4 2010-4.2%
Q2 2010+1.2%

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