PriceSmart reports strong Q3 revenue growth, exceeding forecasts in Latin America and the Caribbean

PriceSmart's Q3 revenue exceeded expectations, but earnings per share fell slightly short due to growth investments. The warehouse club operator reported $1.48 billion in sales, surpassing the $1.42 billion forecast. However, adjusted EPS was $1.28, missing the consensus estimate of $1.32. The company saw a 12.5% year-over-year sales increase, driven by higher traffic and average transaction values, and maintained a record 90.5% membership renewal rate.