PRICESMART INC

For the period ended Feb 29, 2024. Filed Apr 9, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Feb 29, 2024 · Filed Apr 9, 2024

PSMT$166.71+0.5%Stored close · as of Nov 10, 2026

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Contents

CONSOLIDATED STATEMENTS OF INCOME FOR THE

CONSOLIDATED STATEMENTS OF INCOME

(UNAUDITED—AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA)

	Three Months Ended		Six Months Ended
	February 29,2024	February 28,2023	February 29,2024	February 28,2023
Revenues:
Net merchandise sales	$1,260,916	$1,115,999	$2,395,930	$2,141,462
Export sales	8,511	6,882	18,520	17,340
Membership income	18,538	16,176	36,287	32,071
Other revenue and income	3,985	3,132	7,688	6,122
Total revenues	1,291,950	1,142,189	2,458,425	2,196,995
Operating expenses:
Cost of goods sold:
Net merchandise sales	1,062,685	937,462	2,015,413	1,796,530
Export sales	8,178	6,563	17,728	16,552
Selling, general and administrative:
Warehouse club and other operations	117,774	103,630	227,739	200,522
General and administrative	38,809	32,759	74,248	65,931
Separation costs associated with Chief Executive Officer departure	—	7,747	—	7,747
Pre-opening expenses	457	89	944	89
Loss on disposal of assets	429	139	522	297
Total operating expenses	1,228,332	1,088,389	2,336,594	2,087,668
Operating income	63,618	53,800	121,831	109,327
Other income (expense):
Interest income	3,225	1,942	6,091	3,099
Interest expense	(3,293)	(2,814)	(6,109)	(5,563)
Other expense, net	(7,036)	(5,344)	(9,162)	(9,910)
Total other expense	(7,104)	(6,216)	(9,180)	(12,374)
Income before provision for income taxes and income (loss) of unconsolidated affiliates	56,514	47,584	112,651	96,953
Provision for income taxes	(17,259)	(16,202)	(35,412)	(32,628)
Income (loss) of unconsolidated affiliates	16	(35)	79	(73)
Net income	$39,271	$31,347	$77,318	$64,252
Net income per share available for distribution:
Basic	$1.31	$1.02	$2.54	$2.07
Diluted	$1.31	$1.02	$2.54	$2.07
Shares used in per share computations:
Basic	29,920	30,741	30,095	30,727
Diluted	29,920	30,760	30,095	30,740

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.