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Stock Market & Financial Investment News

News Breaks
March 7, 2013
08:05 EDTPSMTPriceSmart reports comparable warehouse sales up 8.9% for five weeks end Mar. 3
PriceSmart announced that for the month of February, net sales increased 7.8% to $164.7M. For the five weeks ended March 3, comparable warehouse sales for the 29 warehouse clubs open at least 13 1/2 full months increased 8.9% compared to the same five-week period last year. The company also announced that in February it acquired approximately 21,200 square meters of land located in southern Tegucigalpa, Honduras, upon which PriceSmart plans to construct its third Membership Warehouse Club in Honduras. PriceSmart currently anticipates opening the southern Tegucigalpa club in the spring of 2014.
News For PSMT From The Last 14 Days
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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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