NASDAQ$PSMT

Pricesmart Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Pricesmart's financial performance increased with net merchandise sales growing and earnings per share rising.

PriceSmart reported a strong fourth quarter in fiscal year 2024, with a 9.6% increase in total revenues to $1.23 billion. Net income increased significantly by 89.0% to $29.1 million, resulting in earnings per diluted share of $0.94. The company's comparable net merchandise sales also increased by 6.2%.

  • Total revenues increased by 9.6% to $1.23 billion compared to the same period last year.
  • Net income rose by 89.0% to $29.1 million, with earnings per diluted share at $0.94.
  • Comparable net merchandise sales increased by 6.2% for warehouse clubs open for over 13.5 months.
  • Operating income was $49.2 million, compared to $32.1 million in the prior year.

Headline financials

Total Revenue

$1.23B

Previous: $1.12B+9.7%
EPS (adj)

$0.94

Previous: $0.65+44.6%
Clubs in Operation

54

No prior period
Adjusted EBITDA

$70.7M

Previous: $57.2M+23.5%
Capital Expenditures

$26.7M

Previous: -$46M+158.0%
Net Income

$29.1M

Previous: $15.4M+89.0%
Operating Income

$49.2M

Previous: $32.1M+53.1%
Gross Profit

$212M

Previous: $191M+10.7%
Stock-Based Comp

$4.64M

Previous: $3.05M+52.1%

Revenue & EPS history

Pricesmart · Revenue · Quarterly

$1.23B

Q4 2024+9.7%vs Q4 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Pricesmart · $1.12B total across 4 segments · Q4 2023

  • Net Merch. Sales
    $1.09B+10.0%
  • Membership Income
    $17.2M+10.6%
  • Export Sales
    $8.05M-36.1%
  • Other Revenue
    $3.92M

Forward guidance

PriceSmart plans to open its seventh warehouse club in Guatemala, located in Quetzaltenango, anticipated to open in the summer of 2025.

Tailwinds

  • Expansion into new markets with the seventh warehouse club in Guatemala.
  • Expected formalization of a land lease in the first quarter of fiscal year 2025.
  • New club is anticipated to open in the summer of 2025.
  • The new club will be built on a four-acre property
  • Once this new club is open, PriceSmart will operate 56 warehouse clubs in total.

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 2024

Historical avgQ4 2024

-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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