San Diego Business Journal

PriceSmart Reports Q2 Revenue of $674.4M

By Mike Allen Friday, April 11, 2014

PriceSmart Inc., the San Diego-based operator of club warehouse stores in Latin America and the Caribbean, reported fiscal 2014 second quarter revenue of $674.4 million, compared with $607.4 million for the like quarter of its 2013 fiscal year.

Net income for the quarter that ended Feb. 28 finished at $28.3 million, compared with $24.9 million in the like quarter of the prior fiscal year.

For the first six months of FY 2014, PriceSmart reported total revenue of $1.28 billion, up 12 percent from the like period of FY 2013.

Net income in the first half of 2014 was $49.7 million, compared with net income of $44.9 million in the like period of last year.

PriceSmart Reports Q2 Revenue of $674.4M