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PriceSmart, Inc. (PSMT) reported that net merchandise sales in April increased 22.0% to $263.4 million from $216.0 million, a year ago. For the four weeks ended April 25, 2021, comparable net merchandise sales for the 45 warehouse clubs rose 25.3% from last year with negative 1.7% FX impact.


RTTNews | May 7, 2021 08:25AM EDT

08:25 Friday, May 7, 2021 (RTTNews.com) - PriceSmart, Inc. (PSMT) reported that net merchandise sales in April increased 22.0% to $263.4 million from $216.0 million, a year ago. For the four weeks ended April 25, 2021, comparable net merchandise sales for the 45 warehouse clubs rose 25.3% from last year with negative 1.7% FX impact.

For the 34-week period ended April 25, 2021, comparable net merchandise sales increased 3.3%.

The 12-month renewal rate was 86.1% for the period ended April 30, 2021, an increase from the 81.5% and 80.5% 12-month renewal rate for the periods ended February 28, 2021 and August 31, 2020, respectively.

Read the original article on RTTNews ( https://www.rttnews.com/3192961/pricesmart-april-comparable-net-merchandise-sales-up-25-3-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

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