PriceSmart July Comparable Warehouse Sales up 20.9%

PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of July 2011, net warehouse club sales increased 23.8% to $149.8 million, from $121.0 million in July a year earlier. For the eleven months ended July 31, 2011, net warehouse club sales increased 22.8% to $1,526.9 million from $1,243.7 million for the eleven months ended July 31, 2010. There were 28 warehouse clubs in operation at the end of July 2011 and 27 warehouse clubs in operation at the end of July 2010. For the four weeks ended July 31, 2011, comparable warehouse sales for the 27 warehouse clubs open at least 13 ½ full months increased 20.9%, compared to the same four-week period last year. For the forty-seven week period ended July 31, 2011, comparable warehouse sales increased 18.2%, compared to the comparable forty-seven week period a year ago.