PriceSmart Announces February Sales
PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of February 2012, net sales increased 23.2% to $152.9 million from $124.1 million in February a year earlier. February had 29 days in the current year compared to 28 days in 2011. Excluding the one extra day in the month, net sales would have increased approximately 19.0%. For the six months ended February 29, 2012, net sales increased 23.1% to $1,006.1 million from $817.6 million in the same period last year. There were 29 warehouse clubs in operation at the end of February 2012 compared to 28 warehouse clubs in operation in February 2011.
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