Business
PriceSmart Announces Plans for Sixth Warehouse Club in Guatemala and Earnings Release and Conference Call Details for the Second Quarter of Fiscal 2023
SAN DIEGO, March 14, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced that it has leased land and has plans to open its sixth warehouse
About this update from Pricesmart, Inc.
[{"type":"text","content":"SAN DIEGO, March 14, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced that it has leased land and has plans to open its sixth warehouse club in Guatemala, located in the city of Escuintla, approximately 40 miles south from the nearest club in the capital of Guatemala City. The small format club will be built on a five-acre property and is anticipated to open in the fall of 2023. Once this new club is open, PriceSmart will operate 53 warehouse clubs.\n\n \n \n \n \n \n \n\n \nSecond Quarter Conference Call Details \nPriceSmart plans to release financial results for the second quarter of fiscal year 2023 on Monday, April 10, 2023, 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, April 11, 2023, to discuss the financial results. Individuals interested in participating in the conference call may do so by dialing toll free (855) 209-8211 or (412) 317-5214 for international callers and asking to join the PriceSmart earnings call. A digital replay will be available through April 18, 2023, shortly 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 6733003.\nAbout PriceSmart \nPriceSmart, 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). In addition, the Company plans to open a warehouse club in San Miguel, El Salvador, in May 2023. The Company also plans to open a warehouse club in Medellin, Colombia and Escuintla, Guatemala in 2023. Once these three new clubs are open, the Company will operate 53 warehouse clubs.\nThis 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 ini...