PriceSmart news

01 November 2018
We look at PriceSmart’s operational results for Q4 2018 and its 2018 fiscal year. We also look at the retailer’s latest leadership changes, which it announced at the same time as its results statement. Results for Q4 2018… PriceSmart reported an increase in total revenue of 6% to US$777.9m in Q4 2018 from US$733.5m in the same period in 2017. Net merchandise sales and comparable merchandise...
11 July 2018
International warehouse club PriceSmart has reported mixed results for Q3 2018. Performance has been driven by the currency fluctuations in the Colombian market. We look at this and reflect on our recent visit to the retailer. Stabilised growth in Latin America Growth rates have recently steadied in most of its core Latin American, Caribbean and Central American markets. New warehouse sales...
09 November 2017
PriceSmart has announced its fourth quarter earnings. Colombia has outperformed expectations; however, the retailer’s other markets have negatively impacted its overall results. We look at the performance in greater detail. Positive overall results PriceSmart’s overall Q4 sales were US$711.0m, a +3.6% year on year increase. Comparable store sales were +1.9%. Growth in Colombia Colombi...
20 April 2017
After the announcement of PriceSmart’s Q2 results we take a more detailed look at the warehouse club business that is building a growing presence across Central America, Colombia and the Caribbean. The numbers in brief Sales doubled since 2010 to USD2.8bn last year Sales increased 2.7% to USD1,4588.4m in the first six months of the fiscal year 2017 Sales increased 1.8%...
16 March 2017
We assess four initiatives announced in the past seven days to drive new growth across Brazil, Mexico, Central America and Colombia. Walmart in Brazil: full speed ahead with large format reinvention Following the success of initial trials, Walmart will invest BR$1bn (US$320m) in upgrading its large store estate over the next three years. It's a move that's needed, given the recent investmen...
24 November 2016
After a heady recent track record of impressive sales uplifts, sales growth has slowed in the past year at PriceSmart, the membership warehouse club. Here we explore why, despite this downturn, it remains a business we expect to grow.  A modest but significant player While PriceSmart is relatively small at global level, it is however a major player in the warehouse club channel in Latin Ame...
20 April 2016
In this update, we look at what happened at retailers across the region in the first quarter of 2016, including results, expansion plans, new formats and restructuring. Good start to 2016 Grupo Éxito's growth accelerated, powered mainly by Colombia's positive economic environment. We look at how it plans to grow For Carrefour , like-for-like sales were up 9.9% in Brazil and ...
28 January 2016
Following robust first quarter results earlier this month, we look at PriceSmart and how it plans to grow.  Inspired by US members' clubs PriceSmart's model has much in common with that of Costco or Sam's Club, with a similar warehouse-style feel.  However, its smaller store size - at between 5,000 and 7,500 sq. m - differentiates the proposition, and helps make the model work in the s...
19 January 2016
In this update, we look at what happened at retailers across the region in the fourth quarter of 2015, including expansion, refocusing, and quarterly results. Expansion to continue in 2016 Soriana and La Comer agreed to the conditions imposed upon them by the competition authorities in Mexico, in relation to the acquisition of La Comer stores Falabella announced its 2016-19...
02 November 2015
Latin American wholesaler PriceSmart has reported a 13% increase, year-on-year, in warehouse sales for Q4 fiscal 2015. Full year sales were up 11.3%. Ended Q4 with 37 clubs Sales in Central America were up 11.2% for Q4. A new club opened in Panama bringing the total to five; there are 20 in Central America as a whole. Fourth quarter sales increased 6.2% in the Caribbean region where Pr...