NASDAQ$PSMT
Pricesmart Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Pricesmart's Q3 2023 performance was marked by revenue growth and increased profitability.
PriceSmart reported a 6.4% increase in total revenues, reaching $1.10 billion, and a 7.1% increase in net merchandise sales, totaling $1.07 billion. Net income attributable to PriceSmart increased by 53.6% to $29.6 million, or $0.94 per diluted share. The company also announced a $75 million stock repurchase program.
- Total revenues increased by 6.4% to $1.10 billion.
- Net merchandise sales grew by 7.1% to $1.07 billion.
- Comparable net merchandise sales increased by 5.8%.
- Net income attributable to PriceSmart increased 53.6% to $29.6 million, or $0.94 per diluted share.
Headline financials
Revenue & EPS history
Pricesmart · Revenue · Quarterly
$1.1B
Revenue by segment
Pricesmart · $1.1B total across 4 segments · Q3 2023
- Net Merch. Sales$1.07B+7.1%97.6%
- Membership Income$16.7M+8.4%1.5%
- Export Sales$6.35M-52.6%0.6%
- Other Revenue$3.31M+11.7%0.3%
Forward guidance
PriceSmart plans to open new warehouse clubs in Medellín, Colombia, Escuintla, Guatemala, and Santa Ana, El Salvador, anticipating a future count of 54 operating clubs.
Tailwinds
- Expansion into new markets with warehouse club openings.
- Interim CEO's declined compensation expected to positively impact expenses.
- Focus on high quality merchandise and services at low prices.
- Stock repurchase program.
- Strong performance in net merchandise sales.
Headwinds
- Political and economic risks associated with international operations.
- Volatility in currency exchange rates.
- Potential disruptions in supply chains.
- Cybersecurity breach risks.
- Competition in the industry.
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 Q3 2023
-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
| Quarter | Report date | Reaction (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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