Caribbean kind to PriceSmart’s April results
SAN DIEGO, Calif. — The sun shined favorably this month on PriceSmart, which operates 31 warehouse clubs in 12 countries and one U.S. territory.
For the month of April 2013 net sales increased 11% to $176 million from $159 million in April a year earlier. For the eight months ended April 30, net sales increased 11% to $1,484 million from $1,337 million for the eight months ended April a year earlier. There were 30 warehouse clubs in operation at the end of April 2013 and 29 warehouse clubs in operation at the end of April 2012.
For the four-week period ended April 28, 2013 comparable sales for the 29 warehouse clubs open at least 13.5 full months increased 10%, compared to the four-week period last year. For the 34-week period ended April 28, 2013 comparable warehouse sales increased 9%, compared to the comparable 34-week period a year ago.
PriceSmart recently opened its third warehouse club in Colombia. This warehouse club, located in the northern part of the city of Cali, is its second warehouse club in that city.