SAN
DIEGO, Dec. 3, 2024 /PRNewswire/ -- PriceSmart,
Inc. ("PriceSmart" or the "Company") (NASDAQ: PSMT) plans to
release financial results for the first quarter of fiscal year 2025
on Thursday, January 9, 2025, 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
Friday, January 10, 2025, 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 Friday, January 17, 2025, by dialing (888)
660-6264 for domestic callers or (646) 517-3975 for international
callers and entering replay passcode 20154#.
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 Dominican Republic; four each in Trinidad and El
Salvador; three in Honduras; two each in Nicaragua and Jamaica; and one each in Aruba, Barbados and the United States Virgin Islands). In addition,
the Company plans to open one warehouse club in Cartago, Costa
Rica in the spring of 2025 and one warehouse club in
Quetzaltenango, Guatemala in the
summer of 2025. Once these two new clubs are open, the Company will
operate 56 warehouse clubs.
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. In
addition, these risks are not the only risks that the Company
faces. The Company could also be affected by additional factors
that apply to all companies operating globally and in the U.S., as
well as other risks that are not presently known to the Company or
that the Company considers to be immaterial.
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.