PriceSmart, Inc. (NASDAQ:PSMT) came out with its third quarter earnings results on Thursday 9th July 2020 after market close.
The shopping warehouse club operator, reported $ 0.41 income per share for the quarter, beat the consensus estimate of $ 0.26 income per share by $ 0.15 or 57.69 percent.
The quarterly earnings dropped 10.87 percent compared with the same quarter last year.
The firm had revenue of $ 799.93 million for the quarter, compared to the consensus estimate of $ 693.45 million. The revenues topped analysts estimates by $ 106.48 million or 15.36 percent.
The financial report showed revenues grew 1.44 percent versus third quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
Sherry S. Bahrambeygui, Chief Executive Officer, said, During the third quarter of fiscal year 2020, our Company has traversed an extraordinary arc that started with responding to unexpected challenges and quickly evolved to strengthening our business for the future.
With our top priority firmly placed on the well-being of our employees and Members, the quarter began with the rapid adaptation to remote-work without compromising effectiveness. We immediately focused on precautionary and safety measures for our front-line employees in-country and in our distribution centers internationally.
