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PriceSmart Posts Q3 Beat, Announces $75 Million Buyback
Jul 12, 2023(Last modified: Dec 19, 2023)
PriceSmart (NASDAQ:PSMT) reported its Q3 earnings results on Monday, with EPS of $1.02 coming in better than the Street estimate of $0.85. Revenue was $1.1 billion, in line with the Street estimates.
Net merchandise sales grew 7.1% year-over-year to $1.07 billion in Q3. On a constant currency basis, net merchandise sales rose 5.6% year-over-year.
Furthermore, the company authorized up to a $75 million common stock repurchase program.
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