Benzinga | Dec 7, 2020 08:08AM EST

PriceSmart Announces November Net Merchandise Sales Of $300M, Up 7.9% YoY

SAN DIEGO, Dec. 7, 2020 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ:PSMT) today announced that for the month of November 2020, net merchandise sales increased 7.9% to $300.0 million from $278.1 million in November a year earlier. Foreign currency exchange fluctuations impacted net merchandise sales negatively by 3.4%, or $9.8 million, versus the same one-month period in the prior year. There were 46 warehouse clubs in operation at the end of November 2020 and 45 warehouse clubs in operation at the end of November 2019.