PRICESMART INC
For the period ended May 31, 2024. Filed Jul 10, 2024.
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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.
May 31, 2024 · Filed Jul 10, 2024
PSMT$166.71+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF INCOME FOR THE
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED—AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| May 31,2024 | May 31,2023 | May 31,2024 | May 31,2023 | |
| Revenues: | ||||
| Net merchandise sales | $1,194,531 | $1,070,263 | $3,590,461 | $3,211,725 |
| Export sales | 11,586 | 6,347 | 30,106 | 23,687 |
| Membership income | 19,279 | 16,735 | 55,566 | 48,806 |
| Other revenue and income | 4,032 | 3,309 | 11,720 | 9,431 |
| Total revenues | 1,229,428 | 1,096,654 | 3,687,853 | 3,293,649 |
| Operating expenses: | ||||
| Cost of goods sold: | ||||
| Net merchandise sales | 1,008,721 | 906,613 | 3,024,134 | 2,703,143 |
| Export sales | 10,935 | 5,981 | 28,663 | 22,533 |
| Selling, general and administrative: | ||||
| Warehouse club and other operations | 119,053 | 106,172 | 346,792 | 306,694 |
| General and administrative | 40,434 | 34,343 | 114,682 | 100,274 |
| Separation costs associated with Chief Executive Officer departure | — | — | — | 7,747 |
| Pre-opening expenses | 26 | 495 | 970 | 584 |
| Loss (gain) on disposal of assets | 350 | (2) | 872 | 295 |
| Total operating expenses | 1,179,519 | 1,053,602 | 3,516,113 | 3,141,270 |
| Operating income | 49,909 | 43,052 | 171,740 | 152,379 |
| Other income (expense): | ||||
| Interest income | 2,521 | 3,161 | 8,612 | 6,260 |
| Interest expense | (3,579) | (2,747) | (9,688) | (8,310) |
| Other expense, net | (1,882) | (1,885) | (11,044) | (11,795) |
| Total other expense | (2,940) | (1,471) | (12,120) | (13,845) |
| Income before provision for income taxes and income (loss) of unconsolidated affiliates | 46,969 | 41,581 | 159,620 | 138,534 |
| Provision for income taxes | (14,483) | (12,019) | (49,895) | (44,647) |
| Income (loss) of unconsolidated affiliates | 3 | 10 | 82 | (63) |
| Net income | $32,489 | $29,572 | $109,807 | $93,824 |
| Net income per share available for distribution: | ||||
| Basic | $1.08 | $0.95 | $3.62 | $3.02 |
| Diluted | $1.08 | $0.94 | $3.62 | $3.01 |
| Shares used in per share computations: | ||||
| Basic | 29,968 | 30,800 | 30,052 | 30,752 |
| Diluted | 29,968 | 30,829 | 30,052 | 30,770 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.