Overview

* PriceSmart ( PSMT ) fiscal Q3 revenue rose 7.1% to $1.32 bln, beating estimate, per LSEG data

* Net merchandise sales increased 8.0%, with constant currency growth of 9.5%

* Company evaluating Chile as a potential new market for expansion

Outlook

* Company evaluating Chile as a potential new market for expansion

* PriceSmart ( PSMT ) actively seeking sites for new warehouse clubs in Chile

Result Drivers

* NEW CLUB OPENING - Addition of a new warehouse club contributed to sales growth

* CONSTANT CURRENCY GROWTH - Net merchandise sales grew 9.5% in constant currency, despite negative currency impacts

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.32 $1.31

Revenue bln bln (1

Analyst)

Q3 EPS $1.14

Q3 Net $35.16

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the discount stores peer group is "buy"

* Wall Street's median 12-month price target for PriceSmart Inc ( PSMT ) is $100.00, about 2% below its July 9 closing price of $102.01

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)