NASDAQ$PSMT

Pricesmart Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Pricesmart's Q4 2022 results were announced, featuring a 13.6% increase in net merchandise sales and a 9.2% rise in comparable net merchandise sales. Membership base reached a record high, with a renewal rate of 88.9%. EPS grew by 19% to $0.75.

PriceSmart reported strong Q4 2022 results, with net merchandise sales increasing by 13.6% and total revenues exceeding $1.0 billion. The company's membership base reached a record high, and EPS grew by 19%.

  • Net merchandise sales increased by 13.6%, reaching $989.9 million.
  • Total revenues exceeded $1.0 billion for the quarter and $4.0 billion for the year.
  • Comparable net merchandise sales increased by 9.2%.
  • Membership base grew to a new record of 1.76 million accounts, with an 88.9% renewal rate.

Headline financials

Total Revenue

$1.02B

Previous: $910M+12.2%
EPS (adj)

$0.75

Previous: $0.63+19.0%
Capital Expenditures

$22.1M

Previous: $39.8M-44.5%
Free Cash Flow

$35.4M

Previous: $7.38M+380.3%
Net Income

$23.3M

Previous: $19.4M+19.9%
Operating Income

$39M

Previous: $32.5M+20.0%
Gross Profit

$173M

Previous: $161M+7.3%
Cash & Equivalents

$238M

Previous: $202M+17.6%
Total Assets

$1.81B

Previous: $1.71B+6.0%
Stock-Based Comp

$4.13M

Previous: $5.2M-20.7%

Revenue & EPS history

Pricesmart · Revenue · Quarterly

$1.02B

Q4 2022+12.2%vs Q4 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Pricesmart · $1.02B total across 3 segments · Q4 2022

  • Net Merch. Sales
    $990M+13.6%
  • Membership Income
    $15.6M+6.7%
  • Export Sales
    $12.6M+17.7%

Forward guidance

As to fiscal year 2023, we are off to a respectable start with September total net merchandise sales of $324.1 million, an increase of 12.1% over the same period in the prior year, and comparable net merchandise sales for the four-week period ended October 2, 2022 that increased 7.8% compared to the same period last year.

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 Q4 2022

Historical avgQ4 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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