The chart below shows how PSMT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PSMT sees a +1.83% change in stock price 10 days leading up to the earnings, and a +1.63% change 10 days following the report. On the earnings day itself, the stock moves by -0.05%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Q1 Sales and Revenue: Net merchandise sales for the first quarter were $1.22 billion and total revenue was $1.26 billion.
Net Merchandise Sales Growth: Net merchandise sales increased by 7.8% or 8.2% in constant currency and comparable net merchandise sales increased by 5.7% or 6.1% in constant currency.
Central America Sales Growth: In Central America, net merchandise sales increased by 8.4% or 7% in constant currency with a 5.1% increase in comparable net merchandise sales or 3.7% in constant currency.
Central America Sales Growth: Our Central America segment contributed approximately 310 basis points of positive impact to the growth in total consolidated comparable net merchandise sales for the first quarter.
Net Income Comparison: Net income for the first quarter of fiscal year 2025 was $37.4 million or $1.21 per diluted share compared to $38 million or $1.24 per diluted share in the first quarter of fiscal year 2024.
Negative
Q1 Sales and Revenue: Net merchandise sales for the first quarter were $1.22 billion and total revenue was $1.26 billion.
Gross Margin Decline: Total gross margin for the first quarter of fiscal year 2025 as a percentage of net merchandise sales decreased 20 basis points to 15.9% versus 16.1% in the first quarter of fiscal year 2024.
Increased Net Loss: We recorded a $7.3 million net loss in total other expense compared to a $2.1 million net loss in total other expense in the same period last year.
Operating Income Stability: Operating income for the first quarter of fiscal year 2025 was similar to the prior year coming in at $58.3 million.
Operating Cash Flow Comparison: Net cash provided by operating activities totaled $38.5 million for the first quarter of fiscal year 2025 compared to $41.1 million for the same prior year period.
PriceSmart, Inc. (PSMT) Q1 2025 Earnings Call Transcript
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