SAN
DIEGO, March 1, 2024 /PRNewswire/ -- PriceSmart,
Inc. ("PriceSmart" or the "Company") (NASDAQ: PSMT) today announced
that on February 15, 2024 the Company
opened its newest warehouse club in the city of Santa Ana, El
Salvador, bringing the total number of warehouse clubs in
operation by the Company to 54. The Santa
Ana club is the fourth club in El
Salvador and was constructed on a five-acre property.
Second Quarter Conference Call Details
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. A digital replay will be available shortly following the
conclusion of the call through Wednesday,
April 17, 2024 by dialing (888) 660-6264 for domestic
callers or (646) 517-3975 for international callers and entering
replay passcode 59511#.
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 54 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 and El
Salvador; three in Honduras; two in Nicaragua and Jamaica; and one each in Aruba, Barbados and the United States Virgin Islands).
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, future dividends, 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.