PriceSmart announces 23 percent increase in November sales. Rise for quarterly revenue was 24 percent, retailer reports
PriceSmart announced that its net sales in November increased 23 percent to $162.4 million from $131.9 million in November a year earlier.
For the three months ended November 30, 2011, net sales increased 24 percent to $468.3 million from $377.3 million in the same period last year.
There were 29 warehouse clubs in operation at the end of November 2011 compared to 28 warehouse clubs in operation in November 2010.
Original source: MarketWire (press release)