SAN
DIEGO, July 5, 2022 /PRNewswire/ -- PriceSmart,
Inc. (NASDAQ: PSMT) plans to release third quarter fiscal year 2022
financial results on Monday, July 11,
2022, 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, July 12, 2022, to discuss
the financial results. Individuals interested in participating in
the conference call may do so by dialing (855) 209-8211 toll free
or (412) 317-5214 for international callers and asking to join the
PriceSmart, Inc. call. A digital replay will be available through
July 19, 2022, following the
conclusion of the call by dialing (877) 344-7529 for domestic
callers, or (412) 317-0088 for international callers, and entering
replay passcode 6291871.
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 50 warehouse clubs in 12 countries and
one U.S. territory (nine in Colombia; eight in Costa Rica; seven in Panama; five in the Dominican Republic and Guatemala, four in Trinidad; three in Honduras; two each in El Salvador, Nicaragua, and Jamaica; and one each in Aruba, Barbados and the United States Virgin Islands). The Company has
begun construction on a club in Medellín, Colombia that is anticipated to open in the
summer of 2023. Once this new club is open, the Company will
operate at least 51 warehouse clubs, depending on the timing of the
development and construction of other warehouse club projects in
our pipeline.
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, 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 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.