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Net merchandise sales grew 8.6%. Membership renewals were 87.9% and EPS grew 7.1% to $1.05 per share.

Robert Price, the Company's founder and Chairman of the Board, will become Interim Chief Executive Officer. 

Growth is hard, and many companies, lose their mojo as they expand. Is PriceSmart experiencing growing pains?

Net merchandise sales grew 13%, comp sales were up 9.2%, EPS grew 19%, and 88.9% of memberships are renewing, the retailer reports.

Will the global slowdown, supply chain disruptions and strong dollar affect PriceSmart results? Tune in this Halloween to find out!

The new location will be the company's tenth in Colombia

CEO Sherry S. Bahrambeygui said that the retailer is earning strong cash flow, and can drive new club growth, increase service and benefits to members.

In many markets PriceSmart is the only reliable source for high quality grocery imports from the US, such as whole turkeys or authentic bacon, ham, cheeses & condiments.

"We are on target with plans to open new warehouse clubs in Guatemala City, Guatemala and Bucaramanga, Colombia in the fall of 2021, and in Portmore, Jamaica in the spring of 2022,” said CEO Sherry S. Bahrambeygui.

PriceSmart, Inc. (NASDAQ: PSMT) announced that net merchandise sales in May increased 16.3% to $286.4 million from $246.3 million in May a year earlier. Comparable net merchandise sales for the 45 warehouse clubs open at least 13½ full months increased 12.0% when compared to the...