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PriceSmart results reflect Costa Rica currency challenges

Friday, July 7, 2017

PriceSmart's fiscal third-quarter results varied widely by geographic region as foreign currency swings and economic growth changes took their toll.

A strong rebound in the Colombian market, driven by a stabilization of that country's currency, played the biggest role in the retailer's growth this quarter. On the other hand, results were hurt by economic struggles in Trinidad and currency challenges in Costa Rica.

Source: Madison