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PriceSmart Reports Improved Revenues in 3Q

SAN DIEGO -- A locally based warehouse retail store chain saw higher revenues and improved earnings for its third quarter and the nine-month period ended May 31.

By Randyl J. Drummer | Updated on June 20, 2001

SAN DIEGO– Warehouse store chain PriceSmart Inc. has announced sharply higher revenues and improved earnings for its third quarter and the nine-month period ended May 31.

For the third quarter, total revenues increased 61% to $119.7 million from $74.3 million in the third quarter last year. Operating income before expenses was $2.6 million compared to a loss of $2.1 million.

For the nine months ended May 31, total revenue rose 73% to $352.8 million from $204.1 million in the comparable period last year. Income before expenses was $9 million compared to a loss of $5.1 million.

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