SAN
DIEGO, Dec. 1, 2023 /PRNewswire/ -- PriceSmart,
Inc. (NASDAQ: PSMT) today announced that on November 30, 2023 the Company opened its newest
warehouse club in Escuintla, Guatemala, bringing the total number of
warehouse clubs in operation by the Company to 53. The Escuintla
club is the sixth club in Guatemala and was constructed on a five-acre
property.
First Quarter Conference Call Details
PriceSmart plans to release financial results for the first
quarter of fiscal year 2024 on Tuesday,
January 9, 2024 after the market closes. PriceSmart
management will host a conference call at 12:00 p.m. Eastern time (9:00 a.m. Pacific time) on Wednesday, January 10, 2024 to discuss the
financial results. Individuals interested in participating in the
conference call may do so by dialing toll free (888) 259-6580 or
(416) 764-8624 for international callers and asking to join the
PriceSmart earnings call. A digital replay will be available
shortly following the conclusion of the call through January 17, 2024 by dialing (877) 674-7070 for
domestic callers or (416) 764-8692 for international callers and
entering replay passcode 833282#.
About PriceSmart
PriceSmart, headquartered in San
Diego, owns and operates U.S.-style membership shopping
warehouse clubs in Latin America
and the Caribbean, selling high
quality merchandise and services at low prices to PriceSmart
Members. PriceSmart operates 53 warehouse clubs in 12 countries and
one U.S. territory (ten in Colombia; eight in Costa Rica; seven in Panama; six in Guatemala; five in the Dominican Republic; four in Trinidad; three in Honduras and El
Salvador, two in Nicaragua
and Jamaica; and one each in
Aruba, Barbados and the United States Virgin Islands). In addition,
the Company plans to open a warehouse club in Santa Ana, El
Salvador in February 2024.
Once this new club is open, the Company will operate 54 warehouse
clubs.
This press release may contain forward-looking statements
concerning PriceSmart, Inc.'s ("PriceSmart", the "Company" or "we")
anticipated future revenues and earnings, adequacy of future cash
flows, omni-channel initiatives, proposed warehouse club openings,
the Company's performance relative to competitors and related
matters. These forward-looking statements include, but are not
limited to, statements containing the words "expect," "believe,"
"will," "may," "should," "project," "estimate," "anticipated,"
"scheduled," "intend," and like expressions, and the negative
thereof. These statements are subject to risks and uncertainties
that could cause actual results to differ materially including, but
not limited to: various political, economic and compliance risks
associated with our international operations, adverse changes in
economic conditions in our markets, natural disasters, volatility
in currency exchange rates and illiquidity of certain local
currencies in our markets, competition, consumer and small business
spending patterns, political instability, increased costs
associated with the integration of online commerce with our
traditional business, whether the Company can successfully execute
strategic initiatives, our reliance on third party service
providers, including those who support transaction and payment
processing, data security and other technology services,
cybersecurity breaches that could cause disruptions in our systems
or jeopardize the security of Member, employee or business
information, cost increases from product and service providers,
interruption of supply chains, novel coronavirus (COVID-19) related
factors and challenges, exposure to product liability claims and
product recalls, recoverability of moneys owed to PriceSmart from
governments, and other important factors discussed in the Risk
Factors section of the Company's most recent Annual Report on Form
10-K, and other factors discussed from time to time in other
filings with the SEC, which are accessible on the SEC's website at
www.sec.gov, including Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K. Forward-looking statements speak only as of
the date that they are made, and the Company does not undertake to
update them, except as required by law.
For further information, please contact Michael L. McCleary, EVP, Chief Financial
Officer and Principal Accounting Officer (858) 404-8826 or send an
email to ir@pricesmart.com.
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SOURCE PriceSmart, Inc.