PriceSmart Announces February Sales; Second Quarter Earnings Release Dates Also Announced

SAN DIEGO, CA--(Marketwired - Mar 6, 2015) - PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of February 2015, net sales increased 12.2% to $205.1 million from $182.8 million in February a year earlier. For the six months ended February 28, 2015, net sales increased 9.8% to $1,368.5 million from $1,246.9 million in the same period last year. There were 36 warehouse clubs in operation at the end of February 2015 compared to 32 warehouse clubs in operation in February 2014.

For the five weeks ended March 1, 2015, comparable warehouse sales for the 32 warehouse clubs open at least 13 1/2 full months increased 2.5% compared to the same five-week period last year. For the twenty-six-week period ended March 1, 2015, comparable warehouse sales increased 1.7% compared to the comparable twenty-six-week period a year ago.

PriceSmart plans to release second quarter fiscal year 2015 financial results on Thursday, April 9, 2015. PriceSmart management plans to host a conference call at 12:00 p.m. Eastern time (9:00 a.m. Pacific time) on Friday, April 10, 2015, to discuss the financial results.

Individuals interested in participating in the conference call may do so by dialing [phone] for domestic callers or [phone] for international callers, and entering participant code 7665186.

A digital replay will be available through April 30, 2015, following the conclusion of the call by dialing [phone] for domestic callers, or [phone] for international callers, and entering relay passcode 7665186.

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 at low prices to PriceSmart members. PriceSmart now operates 36 warehouse clubs in 12 countries and one U.S. territory (six each in Costa Rica, and Colombia; four each in Panama, and Trinidad; three each in Guatemala, the Dominican Republic, and Honduras; two in El Salvador; and one each in Aruba, Barbados, Jamaica, Nicaragua and the United States Virgin Islands).