PriceSmart beats revenue expectations in Q3 but misses profit targets, stock declines

se.investing.com (Swedish)

PriceSmart reported Q3 revenue exceeding estimates but missed profit expectations, causing its stock to fall. The warehouse club operator's revenue rose 12.5% to $1.48 billion, surpassing the $1.42 billion consensus. However, earnings per share were $1.28, below the $1.32 estimate. PriceSmart announced plans for its first club in Chile and acquired land for an eleventh facility in Costa Rica.


With a significance score of 1, this news ranks in the top 63% of today's 30905 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


PriceSmart beats revenue expectations in Q3 but misses profit targets, stock declines | News Minimalist