PriceSmart Reports Q2 Net Income of $28.3 MillionSunday, April 13, 2014
PriceSmart Inc., the San Diego-based operator of club warehouse stores in Latin America and the Caribbean, reported fiscal 2014 second quarter revenue of $674.4 million, compared with $607.4 million for the like quarter of its 2013 fiscal year.
Net income for the quarter that ended Feb. 28 finished at $28.3 million, compared with $24.9 million in the like quarter of the prior fiscal year.
For the first six months of FY 2014, PriceSmart reported total revenue of $1.28 billion, up 12 percent from the like period of FY 2013.
Net income in the first half of 2014 was $49.7 million, compared with net income of $44.9 million in the like period of last year.