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.
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by RTT Staff Writer
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