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PriceSmart, Inc. (PSMT - Free Report) reported second-quarter fiscal 2017 earnings of 90 cents per share, beating the Zacks Consensus Estimate of 86 cents by 4.6%. Earnings increased 5.9% from 85 cents a year ago.
Net sales during the quarter were $793.3 million, surpassing the Zacks Consensus Estimate of $791.4 million by 0.2%. The reported figure also increased 1.97% year over year.
In the quarter under review, net warehouse club sales increased 1.8% to $772.3 million from $759.0 million in the prior-year quarter.
PriceSmart had 39 warehouse clubs in operation as of Feb 2017, compared with 38 clubs as of Feb 2016.
The company recorded operating income of $39.4 million, as compared with $39.1 million a year ago.
PriceSmart, Inc. Price, Consensus and EPS Surprise
For the first six months of fiscal 2017, PriceSmart reported earnings of $1.72 per diluted share, an increase of 5.5% from the prior-year period.
Total revenues increased 2.9% to $1.53 billion from $1.49 billion in the prior-year period.
Net warehouse club sales increased 2.7% to $1.49 billion from $1.45 billion in the first six months of fiscal 2016.
PriceSmart reported operating income of $77.8 million, higher than $76.4 million recorded in the year-earlier period.
Financials
Cash and cash equivalents, as of Feb 28, 2016, were $181.9 million, down from $199.5 million in fiscal 2016.
Zacks Rank & Stock to Consider
PriceSmart currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the Retail-Wholesale sector include Bravo Brio Restaurant Group, Inc. , Diversified Restaurant Holdings, Inc. and Bob Evans Farms, Inc. .
Bravo Brio is likely to see a 50.9% rise in full-year 2017 earnings while Diversified Restaurant’s 2017 earnings estimates moved 100% north over the last 60 days.
Bob Evans – a Zacks Rank #2 (Buy) stock – surpassed earnings estimates in all of the trailing four quarters, with an average beat of 12.7%.
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PriceSmart (PSMT) Q2 Earnings & Revenues Beat Estimates
PriceSmart, Inc. (PSMT - Free Report) reported second-quarter fiscal 2017 earnings of 90 cents per share, beating the Zacks Consensus Estimate of 86 cents by 4.6%. Earnings increased 5.9% from 85 cents a year ago.
Net sales during the quarter were $793.3 million, surpassing the Zacks Consensus Estimate of $791.4 million by 0.2%. The reported figure also increased 1.97% year over year.
In the quarter under review, net warehouse club sales increased 1.8% to $772.3 million from $759.0 million in the prior-year quarter.
PriceSmart had 39 warehouse clubs in operation as of Feb 2017, compared with 38 clubs as of Feb 2016.
The company recorded operating income of $39.4 million, as compared with $39.1 million a year ago.
PriceSmart, Inc. Price, Consensus and EPS Surprise
PriceSmart, Inc. Price, Consensus and EPS Surprise | PriceSmart, Inc. Quote
First-Half Performance
For the first six months of fiscal 2017, PriceSmart reported earnings of $1.72 per diluted share, an increase of 5.5% from the prior-year period.
Total revenues increased 2.9% to $1.53 billion from $1.49 billion in the prior-year period.
Net warehouse club sales increased 2.7% to $1.49 billion from $1.45 billion in the first six months of fiscal 2016.
PriceSmart reported operating income of $77.8 million, higher than $76.4 million recorded in the year-earlier period.
Financials
Cash and cash equivalents, as of Feb 28, 2016, were $181.9 million, down from $199.5 million in fiscal 2016.
Zacks Rank & Stock to Consider
PriceSmart currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the Retail-Wholesale sector include Bravo Brio Restaurant Group, Inc. , Diversified Restaurant Holdings, Inc. and Bob Evans Farms, Inc. .
Bravo Brio and Diversified Restaurant sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Bravo Brio is likely to see a 50.9% rise in full-year 2017 earnings while Diversified Restaurant’s 2017 earnings estimates moved 100% north over the last 60 days.
Bob Evans – a Zacks Rank #2 (Buy) stock – surpassed earnings estimates in all of the trailing four quarters, with an average beat of 12.7%.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>