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February 7, 2013
08:15 EDTPSMTPriceSmart reports January comparable warehouse sales up 3.9%
Reports January sales up 10.2% to $173M vs. $157.4M last year. Due to the timing of New Year's Day, the four-week period ending January 27, had one fewer sales day than the comparable four-week period last year. The loss of one sales day in the January 2013 four-week period caused comparable sales to be approximately 3.7 percentage points lower than if the two four-week periods had the same number of sales days. Additionally, the company announced that, on February 4, it acquired approximately 20,370 square meters of land located in La Union, Cartago, Costa Rica, upon which PriceSmart plans to construct its sixth Membership Warehouse Club in Costa Rica. PriceSmart currently anticipates opening the Cartago Club in the fall. PriceSmart entered the Costa Rica market thirteen years ago and is currently operating five PriceSmart Membership Warehouse Clubs in Costa Rica, pending the opening of this planned sixth Club.
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April 13, 2015
09:06 EDTPSMTPriceSmart underlying trends better than headline results, says Roth Capital
After PriceSmart reported lower than expected EPS, Roth Capital says that the results were hurt by certain one-time items and pressures that may soon abate. The firm believes that the company's fundamentals are nearing a positive turning point, while the shares look poised to increase significantly if currency pressures subside. Roth keeps a $95 price target and Buy rating on the shares.

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