When PriceSmart Inc. (NASDAQ: PSMT) released its fiscal third-quarter financial results late on Thursday, the company said that it had $0.61 in earnings per share (EPS) and $782.2 million in revenue. Consensus estimates had called for $0.63 in EPS and $777.1 million in revenue. The same period of last year reportedly had EPS of $0.62 and $730.3 million in revenue.
During the latest quarter, net warehouse club sales increased 5.6% year over year to $750.5 million. Also, this came from 41 warehouse clubs in operation this quarter, up from 39 last year.
Separately, the company released its sales for the month of June just after the third quarter ended in May. In this time, net warehouse club sales increased 5.9% to $243.7 million, from $230.1 million in June a year earlier.
For the 10 months ended June 30, 2018, net warehouse club sales increased 5.2% to $2,556.1 million, from $2,429.2 million for the 10 months ended June 30, 2017.
For the month of June, comparable warehouse sales increased only 0.6%. For the past 10 months, comparable warehouse sales increased 2.8%.
Shares of PriceSmart were last seen down about 10% at $83.80, with a consensus analyst price target of $95.00 and a 52-week trading range of $77.50 to $94.45.
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