05:19 AM EDT, 04/10/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

PriceSmart's ( PSMT ) shares jumped 4.7% in premarket activity Wednesday after the company reported an increase in fiscal Q2 earnings and sales, and declared a one-time special dividend.

The company reported fiscal Q2 adjusted earnings late Tuesday of $1.31 per diluted share, up from $1.25 a year earlier.

One analyst polled by Capital IQ expected $1.35.

Revenue for the quarter ended Feb. 29 was $1.29 billion, up from $1.14 billion a year earlier.

One analyst surveyed by Capital IQ expected $1.28 billion.

The company declared a one-time $1.00 per share special dividend, payable on April 30 to shareholders of record April 19.

Price: 86.96, Change: +3.87, Percent Change: +4.66