PriceSmart, Inc. (PSMT: Quote), an operator of membership warehouse clubs, reported a 23.9 percent increase in net sales for the month of March.
In March 2012, the company's net sales increased to $172.40 million from $139.20 million reported in the same month last year.
For the four weeks ended April 2, 2012, comparable warehouse sales for the 28 warehouse clubs open at least 13 1/2 full months increased 17.0 percent from the same period in the previous year. For the thirty week period ended April 2, comparable warehouse sales increased 17.6 percent.
by RTT Staff Writer
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