PriceSmart reports September sales up 3.8% to $237.2M
PriceSmart announced that for the month of September net sales increased 3.8% to $237.2M, from $228.4M in September a year earlier. There were 39 warehouse clubs in operation at the end of September 2017 and 39 warehouse clubs in operation at the end of September 2016. For the four weeks ended October 1, comparable warehouse sales for the 38 warehouse clubs open at least 13 1/2 full months increased 2.8%, compared to the same four-week period last year. "In the month of September, hurricanes Irma and Maria both hit St. Thomas, U.S.V.I. While our warehouse club did not sustain substantial damage, the devastating impact on the island resulted in 9 days of closure and an additional 16 days of reduced hours for our warehouse club during the month." The company also announced that on October 5, the company successfully opened its new warehouse club in Santa Ana, Costa Rica, bringing to 40 the total number of warehouse clubs in operation by the company. This warehouse club is the company's seventh warehouse club in Costa Rica.