BUZZ-PriceSmart falls on lower Q1 profit

Reuters01-09 06:23
BUZZ-PriceSmart falls on lower Q1 profit

** Shares of Warehouse club chain operator PriceSmart PSMT.O down 6.2% at $87.63 in extended trading

** Company reports Q1 net income of $37.4 mln, or $1.21 per share, compared with $38.05 mln, or $1.24 per share, a year ago

** Posts an 8.2% jump in total operating expenses to $1.20 bln from $1.11 bln a year ago

** Posts total revenue of $1.26 bln, compared with $1.17 bln for the same period last year

** Stock rose ~17% in 2024

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment