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PriceSmart reports July net merchandise sales up 2.8% y-o-y.

PriceSmart reported July 2019 net merchandise sales increased 2.8% to $255.8M from $248.9M in July a year earlier. Foreign currency exchange rate fluctuations impacted net merchandise sales negatively by $6.4M or 2.5% versus the same prior year one-month period. There were 43 warehouse clubs in operation at July 31, 2019 compared to 41 warehouse clubs in operation at July 31, 2018. For the four weeks ended July 28, comparable warehouse sales for the 41 warehouse clubs open at least 13 1/2 full months increased 1.6% compared to the same four-week period last year. Foreign currency exchange rate fluctuations impacted comparable net merchandise sales negatively by $5.8M or 2.6% versus the same prior year period.

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Publication:The Fly
Article Type:Financial report
Date:Aug 7, 2019
Words:123
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