PriceSmart May Comp Sales Up 4.6% - Quick Facts

(RTTNews) - PriceSmart Inc. (PSMT) reported that comparable sales, for the 32 warehouse clubs open at least 13 1/2 full months, for the five-week period ended May 31, 2015 increased 4.6 percent.

Net sales for the month of May grew 13.8 percent to $230.2 million from $202.3 million in the same five-week period last year.

For the thirty-nine week period ended May 31, 2015, comparable warehouse sales increased 2.5 percent. Net sales for the nine-month period also grew 10.8 percent to $2.04 billion from $1.84 billion in the same period last year.

The company operated 36 warehouse clubs as at the end of May 2015, compared to 33 warehouse clubs at the end of May 2014.