PriceSmart (NASDAQ: PSMT), the warehouse membership shopping company based in San Diego, California, and found all across the Latin American and Caribbean, has announced the opening of a sixth warehouse club in Guatemala at the city of Escuintla.
The company announced that they have bought a five-acre property in the area, which is located 40 miles south of the closest club in Guatemala City, and that they expect the new store to be open around the fall of 2023—which would make it, by then, the new store the 53rd warehouse club that PriceSmart would be operating.
The warehouse clubs the company owns span across the Latin American region, including nine warehouses in Colombia, eight in Costa Rica, seven in Panama, and five between Guatemala and the Dominican Republic. The company has not disclosed how they believe the opening of the new stores will likely affect the company’s bottom line in the future.
PriceSmart will also be expecting to release a second quarter fiscal report for 2023 on Monday, April 10 after market closing, as well as hosting a conference call at 12 p.m. Eastern Time the next day to discuss the results.
Those who would like to participate in the conference can dial the toll-free number (855) 209-08211 or (412) 317-5214 for international callers so that they can ask to participate in the earnings call. Interested parties can also access a digital replay of the call on April 18, 2023 by dialing (877) 344-7529 for domestic callers or (412) 317-0088 for international callers, and putting in the passcode 6733003.
