PriceSmart, Inc. (PSMT) reported that net merchandise sales in April increased 22.0% to $263.4 million from $216.0 million, a year ago. For the four weeks ended April 25, 2021, comparable net merchandise sales for the 45 warehouse clubs rose 25.3% from last year with negative 1.7% FX impact.
For the 34-week period ended April 25, 2021, comparable net merchandise sales increased 3.3%.
The 12-month renewal rate was 86.1% for the period ended April 30, 2021, an increase from the 81.5% and 80.5% 12-month renewal rate for the periods ended February 28, 2021 and August 31, 2020, respectively.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.