PriceSmart Jan. Comps. Down 0.3% - Quick Facts

(RTTNews) - PriceSmart, Inc. (PSMT) reported that for the month of January 2016, net sales increased 3.3% to $226.4 million from $219.2 million, a year ago. For the four weeks ended January 31, 2016, comparable warehouse sales decreased 0.3%.

For the five months ended January 31, 2016, net sales increased 6.3% to $1.24 billion from $1.16 billion in the same period last year. For the twenty-one-week period ended January 31, 2016, comparable warehouse sales increased 1.2%.

The company noted that its comparable warehouse sales were negatively impacted by the devaluation of the Colombian peso from the year ago period. Excluding this, the four-week and twenty-one-week comparable warehouse sales for the 30 warehouse clubs increased 4.1% and 4.5%, respectively.