PriceSmart (NASDAQ:PSMT), an operator of warehouse clubs in Central and South America, reported its Q1 2013 results. According to an official press release from the company, its total revenues for the period were $535 million and net profit came in at $20 million ($0.66 per share). Both numbers are markedly higher than those of Q1 2012, which were $478 million and $14 million ($0.47 EPS), respectively.
That bottom line beat market expectations. Analysts polled by Thomson Reuters had anticipated an EPS of $0.62 for the quarter.
The company will discuss the results in more detail in a conference call scheduled for Jan. 10.
Eric Volkman has no position in PriceSmart. The Motley Fool recommends PriceSmart. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.