PriceSmart (PSMT +3.26%), 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.
