PriceSmart

PriceSmart Announces Opening of Fourth Warehouse Club in El Salvador and Earnings Release and Conference Call Details for the Second Quarter of Fiscal 2024

Retrieved on: 
Friday, March 1, 2024

The Santa Ana club is the fourth club in El Salvador and was constructed on a five-acre property.

Key Points: 
  • The Santa Ana club is the fourth club in El Salvador and was constructed on a five-acre property.
  • PriceSmart plans to release financial results for the second quarter of fiscal year 2024 on Tuesday, April 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, April 10, 2024 to discuss the financial results.
  • Individuals interested in participating in the conference call may do so by dialing toll free (800) 549-8228 or (646) 564-2877 for international callers and asking to join the PriceSmart earnings call.

PriceSmart Announces 26% Increase to Annual Dividend; Voting Results from the 2024 Annual Meeting of Stockholders

Retrieved on: 
Friday, February 2, 2024

SAN DIEGO, Feb. 2, 2024 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 53 warehouse clubs in 12 countries and one U.S. territory, today announced a 26% increase to its annual dividend and the results of the Company's 2024 annual meeting of stockholders that was held on February 1, 2024.

Key Points: 
  • SAN DIEGO, Feb. 2, 2024 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 53 warehouse clubs in 12 countries and one U.S. territory, today announced a 26% increase to its annual dividend and the results of the Company's 2024 annual meeting of stockholders that was held on February 1, 2024.
  • This represents a 26% increase over last year's $0.92 per share dividend, payable in two $0.46 per share installments.
  • At the annual meeting of stockholders, eleven nominees were elected to the PriceSmart, Inc. Board of Directors.
  • A final report on voting results will be filed with U.S. Securities and Exchange Commission within four business days following the date of the annual meeting of stockholders.

RELEX Closes 2023 with Record Customer Growth

Retrieved on: 
Wednesday, January 24, 2024

RELEX Solutions today announced closing 2023 with remarkable growth across annual recurring revenue (ARR), customer net promoter score (NPS) satisfaction, and new customer signings.

Key Points: 
  • RELEX Solutions today announced closing 2023 with remarkable growth across annual recurring revenue (ARR), customer net promoter score (NPS) satisfaction, and new customer signings.
  • Overall, RELEX saw 42% year-over-year growth of reported subscription revenue in 2023, and in Q4 2023 realized its 66th quarter of consecutive ARR growth.
  • RELEX delivers quick time to value and has a flawless track record of successful implementations in the company’s decade-plus history.
  • “I’m very proud of our growth this year, which is directly attributed to the lasting relationships we form with customers from day one.”
    In 2023, RELEX closed nearly 200 customer deals, of which 73 were net-new customers.

PriceSmart, Inc. to Streamline Pricing and Promotion Planning with RELEX Solutions

Retrieved on: 
Thursday, January 11, 2024

In September, PriceSmart began implementing RELEX for advanced forecasting, replenishment, and promotion planning across its extensive network of clubs.

Key Points: 
  • In September, PriceSmart began implementing RELEX for advanced forecasting, replenishment, and promotion planning across its extensive network of clubs.
  • Soon after beginning that process, the company also sought a solution to unify and improve its pricing and promotion strategies and selected the recently unveiled capability from RELEX .
  • The company's move from a self-developed process to the RELEX unified pricing and promotion planning platform is a significant step towards automating what was once a time-consuming task.
  • “Our collaboration with PriceSmart showcases how our technology can transform retail operations, offering a unified approach to pricing and promotion planning.

PRICESMART ANNOUNCES FISCAL 2024 FIRST QUARTER OPERATING RESULTS

Retrieved on: 
Tuesday, January 9, 2024

SAN DIEGO, Jan. 9, 2024 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 53 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal first quarter of 2024, which ended on November 30, 2023.

Key Points: 
  • SAN DIEGO, Jan. 9, 2024 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 53 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal first quarter of 2024, which ended on November 30, 2023.
  • Total revenues for the first quarter of fiscal year 2024 increased 10.6% to $1.17 billion compared to $1.05 billion in the comparable period of the prior year.
  • For the first quarter of fiscal year 2024, net merchandise sales increased 10.7% to $1.14 billion from $1.03 billion in the first quarter of fiscal year 2023.
  • The Company recorded operating income during the fiscal first quarter of $58.2 million compared to operating income of $55.5 million in the prior year period.

PriceSmart Announces Opening of Sixth Warehouse Club in Guatemala and Earnings Release and Conference Call Details for the First Quarter of Fiscal 2024

Retrieved on: 
Friday, December 1, 2023

The Escuintla club is the sixth club in Guatemala and was constructed on a five-acre property.

Key Points: 
  • The Escuintla club is the sixth club in Guatemala and was constructed on a five-acre property.
  • 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.

RELEX Enters Brazilian Market as Part of Global Expansion

Retrieved on: 
Monday, October 9, 2023

RELEX Solutions, provider of unified supply chain and retail planning solutions, has recently expanded into the Brazilian market.

Key Points: 
  • RELEX Solutions, provider of unified supply chain and retail planning solutions, has recently expanded into the Brazilian market.
  • This move amplifies RELEX Solutions' commitment to Latin American retailers, CPG brands, wholesalers, and distributors.
  • Venturing into Brazil is pivotal to the global growth plans of RELEX Solutions.
  • RELEX Solutions provides local teams and an expansive industry network to support Brazilian businesses in refining planning processes and reducing waste.

PriceSmart, Inc. Selects RELEX Solutions to Optimize Their Supply Chain and Retail Planning

Retrieved on: 
Tuesday, October 3, 2023

PriceSmart, Inc. , the largest operator of membership warehouse clubs in Central America, the Caribbean, and Colombia, has chosen RELEX Solutions to enhance its supply chain and retail planning strategies.

Key Points: 
  • PriceSmart, Inc. , the largest operator of membership warehouse clubs in Central America, the Caribbean, and Colombia, has chosen RELEX Solutions to enhance its supply chain and retail planning strategies.
  • RELEX, provider of unified supply chain and retail planning solutions, will provide PriceSmart with advanced forecasting, replenishment, and promotion planning capabilities across its extensive network.
  • "We are thrilled that PriceSmart has chosen RELEX to enhance their supply chain and retail planning strategies," said Michael Falck, RELEX co-founder and president, North America, “RELEX Solutions.
  • With our unified supply chain and retail planning solutions, we're confident in our ability to cater to PriceSmart's unique demands.

PriceSmart Announces Opening of Tenth Warehouse Club in Colombia and Earnings Release and Conference Call Details for the Fourth Quarter of Fiscal 2023

Retrieved on: 
Tuesday, September 5, 2023

The El Poblado club is the second club in Medellín and tenth overall club in Colombia and was constructed on a three-acre property in the El Poblado area.

Key Points: 
  • The El Poblado club is the second club in Medellín and tenth overall club in Colombia and was constructed on a three-acre property in the El Poblado area.
  • PriceSmart plans to release financial results for the fourth quarter of fiscal year 2023 on Monday, October 30, 2023 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 Tuesday, October 31, 2023 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.

PriceSmart Announces Organizational Changes

Retrieved on: 
Saturday, July 29, 2023

SAN DIEGO, July 28, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) announced today that David Price, formerly the Executive Vice President and Chief of Staff to the Interim CEO, has been appointed as Executive Vice President and Chief Transformation Officer, effective immediately. The Company expects this organizational change will promote better collaboration, alignment, and agility within the Company. Several key areas will now report to Mr. Price including Information Technology, PriceSmart.com, and the Project Management Office.

Key Points: 
  • The Company expects this organizational change will promote better collaboration, alignment, and agility within the Company.
  • Several key areas will now report to Mr. Price including Information Technology, PriceSmart.com, and the Project Management Office.
  • On July 1, 2023, PriceSmart welcomed Wayne Sadin as Chief Information Officer.
  • Mr. Sadin is responsible for overseeing all aspects of the Company's technology systems, data management, cybersecurity, and digital innovation.