PriceSmart Beats on Q2 EPS
PriceSmart posted an upside surprise in its fiscal Q2 2013 results. For the quarter, total revenues amounted to $607 million, up from the $548 million in the same period the previous year. Net income also saw a rise over that time span, to $24.9 million ($0.82 per diluted share) from Q2 2012's $20.2 million ($0.67).
Analysts had been expecting slightly higher revenue of nearly $610 million, but the company exceeded outside EPS projections of $0.77.
PriceSmart also released its metrics for March, which showed its core net warehouse club sales advancing by 11.5% on a year-over-year basis to $192 million. In the seven months ended March 31, those figures were 11% and $1.3 billion, respectively.
The article PriceSmart Beats on Q2 EPS originally appeared on Fool.com.Fool contributor Eric Volkman has no position in PriceSmart. The Motley Fool recommends PriceSmart. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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