PriceSmart (PSMT) Misses Q2 EPS by 2c

PriceSmart (NASDAQ: PSMT) reported Q2 EPS of $0.90, $0.02 worse than the analyst estimate of $0.92. Revenue for the quarter came in at $772.3 million versus the consensus estimate of $794.37 million.

For the second quarter of fiscal year 2017, net warehouse club sales increased 1.8% to $772.3 million from $759.0 million in the second quarter of fiscal year 2016. Total revenues for the second quarter of fiscal year 2017 were $793.3 million compared to $777.9 million in the comparable period of the prior year. The Company had 39 warehouse clubs in operation as of February 2017 and 38 clubs in operation as of February 2016.

The Company recorded operating income during the quarter of $39.4 million, as compared to operating income of $39.1 million in the prior year. Net income was $27.2 million, or $0.90 per diluted share, in the second quarter of fiscal year 2017 as compared to $25.9 million, or $0.85 per diluted share, in the second quarter of fiscal year 2016.

For earnings history and earnings-related data on PriceSmart (PSMT) click here.

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