Pricesmart Q2 Adj EPS $1.31 Beats $1.25 Estimate, Sales $1.29B Beat $1.28B Estimate
Portfolio Pulse from Benzinga Newsdesk
Pricesmart (NASDAQ:PSMT) reported Q2 adjusted earnings of $1.31 per share, surpassing the consensus estimate of $1.25, and sales of $1.29 billion, also beating the estimate of $1.28 billion. This represents a 4.8% increase in earnings and a 13.05% increase in sales compared to the same period last year.
April 09, 2024 | 8:03 pm
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Pricesmart reported a strong Q2 with adjusted earnings and sales surpassing analyst estimates, indicating robust financial health and growth.
Pricesmart's Q2 earnings and sales not only surpassed analyst expectations but also showed significant growth compared to the same period last year. This positive performance, especially in a challenging economic environment, is likely to instill investor confidence and could lead to a short-term uptick in PSMT's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100