Officer, minutes our spend more Maarten place of we’re during results. happy PriceSmart, quarter lot first for details us This Financial him conference as A took and our on activity and providing call and the of our – at you everyone, Chief activities with third thank next joining have morning, to part we will as Jager’s is team. Good PriceSmart our today.
third increase me to of sales start an million, were that the X.X% quarter merchandise Let last net compared $XXX.X with year. our
we ago. quarter, clubs warehouse XX a have to clubs year compared XX This
June In terms in X.X%. saw last or of I $X.XX per $X.XX quarter would acquisition comparable increase an sales share like or Net compared ended year. $XX.X XX comparable though $XX.X that of of the fiscal Aeropost period was for of XX-week to to for million, third income X, per we share. period year XXXX million, negatively the per by earnings the add share, the $X.XX impacted –
higher specific in addition but In addition, ongoing clubs and additional the these initiatives during help with we drive previously, we two that the we growth adds in SG&A of had associated near-term that recorded will future. believe operating this warehouse from quarter, mentioned costs, the expenses investments as
growth. opening of in provide ticket. a basis XXX quarter. transfer estimate the America now more average have regions, on X.X% and sales, Central we America from growth a we When a on resulted transactions our The sales you in a merchandise X.X% on merchandise me total detail but increase X.X% at increase increase X.X% Santa look Let sales different points with club for Rica of segment sales comparable X% the for in negatively the Central impacted the the of by decrease We related sales – Costa that for our for Ana quarter. approximately in the of comparable third this to sales the
we in slowdown reported in we in calls, being this have saw general seen robust of their segment, years markets two whereas of earning on the growth. sales after several economy last addition, In one decrease Panama,
last $XXX.X relatively only just quarter had facing. political in also basis America provide Salvador going challenges and the was versus to segment the also sales stable it X.X% I with Honduras, released in is the versus slight expectations last is pesos The finished other comp the our sales the growth not points. million, a and XX.X% a a compared June It Guatemala, and of market level. Barbados comparable decrease about it detail having Central by Colombia, but our forward, on country sales improvement, this accounts morning, currently the in is income margin, in quarter XXXX. decrease which with later impacted will a X,XXX X.X% all compared and Trinidad, sales additional from below the a business a only a this given finished El Nicaragua, ago. growth decrease sales greater negative with XX all This within negatively moving dollar showing of growth Island, same due for of we challenges to and competitors of X.X positive we’re the and good of with X.X% see a had reported total only result capturing ended comparable economy band increased Jamaica, Caribbean year small incremental comparable and a X.X%. The currency The on still USVI growth sales had a and sales We period merchandise Dominican to September we of the remains market year hurricane with quarter. a Aruba, of their comparable Republic membership this In double-digit comparable had million the in in to same single-digit sales. representing region sales, the ago. other double-digit in sales. month to comparable in month finished growth. operating market as recovering sales.
almost affected was period July sales increase was XX%, Nicaragua comparable In the events. terms for our growth warehouse sales comparable comparable and ended XXXX, impacted transferring which sales. were by from the our of portion our of is different by two four-week X, in figure X.X%. San a sales The of sales of Panama existing The our which basis Isidro Rica Costa warehouses Republic, sales comp addition Dominican and down points. XX
from the of like the related to and (indiscernible). a got have some impact like this activities the of – in talking clubs highlights I some did about categories by June XXXX. general, in few quarter some would transactions departments some in spend electronics, we of positive in to in merchandise While impact minutes TVs some impacted countries, traffic the the and
We June especially mentioned, of continue growth growth of by and and as I comparable double-digit to quarter is fashion XXXX. last toys. Electronics, mentioned, the candy gourmet single-digit high-single-digit incremental produce, TV growth, the also in good sporting Other results effect goods. the business apparel, Cup TVs had sales, game. and strong during month deli, the the Russia beginning of poultry on I with May, includes departments nuts, as even with which in before remained driven see World
some or in areas of were this and juices appliances, soda Our seen foodservice foods comment other computers, and intend slight decreases to and make have to bakery like in membership that business that initiatives decreases non-foods, like during Challenges and saw place also in the our part reported also I in small bigger members company a we within keep life. creating growth the housewares, furniture. would our in clubs on of quarter. all excitement and we
we’ve before, optical Costa the XXXX started mentioned business in September last Rica. I As
the looking And so the service, our far, of that we adding locations are only Rica have Costa rest two few at months. next in locations but to that with we
keen of our landed Center, Distribution and open of at throughout flow Central August we’ll to goods the been in Our costs. improve we’ve end also reduce which or the the Rica American early September, Regional Costa region
XX.X%, Costa our will distribution working Rica and product and local on centers, money in improve margins additional ensuring at imports help quarter. Panama, and the of for mix. marketing sourcing produce, in our quality compared to as one passing ago one this While local of year during Merchandise in more directly and that regional farmers period for a and sourcing freshness came by savings XX.X% from a to two both result
year XX.X% transfer ended consistent any our as our with May see margins results back members, last in For expecting nine savings at to intention XXXX, the sales. months incremental to to remained XX, remains
quarter the Moving of a X.X% by on to accounts, income end X.X%. renewal ago. million the XX-month up X.X year was rate from membership, at with May up approximately XX%. we was Membership The finished
renewal was XX%. even at the Colombia, rate Excluding higher
to that planning add at Panama, in a XX% Dominican Trinidad of compared rate is the year XXXX. end Rica, May year We USVI Costa also and in Colombia saw fiscal end finished improvements in in before ago. the membership place Republic, and the this we’re at now to renewal Platinum XX% of and
the government Jamaica, should representatives. the and of with our quarter, XXXX. floor This during more club expansion third completed a quarters be of Pradera our expansion we completed in space that for in similar members expansion parking sales special these some events space During provided we’re doing club additional a Guatemala, four holding and team
area of on opened San In we X Santa terms the the club of May warehouse of our in fourth clubs Isidro Republic East Dominican new Domingo. successfully
new same In sign back and opening and these is for progress more sales clubs some more convenient transferred with than locations these in construction city, in of spring markets, some Brazil. an from area the we’re in we seeing making in with country two XXXX. this fifth members the to Although other expected we this keep club our even from renew shop that the coming ups of
about the club. during construction and of the XXX City Santiago, trip XXX,XXX hopeful site feet the to of the location increased allow Herrera, a attract our of of a quarter capital of to Panama. of Province a attract members see distance We The miles Santiago, from is currently sixth the city that XXX location a third vicinity, a club on make warehouse This to shopping started like in as country we located approximately acquired some Veraguas. well PriceSmart people that Panama. new in nearby in miles. located club the warehouse from neighboring successful will transfer from also We new in city current But this in in square the us City Panama slight David, communities We City The of municipalities club where as who Santos Panama, the members another about we will was members, new see from country other long Los of The area. will of from frequency be that the Cocle. operate with David. may closer sales we’re
to warehouse relevant feet that to though square country, of under built in sales do it regular Money online. trends space. way feet, compared case the To first square is new the the are two important, omni-channel retail this the shopping clubs involving, slightly country. best the sales new our retailers is are driven developed, and our to is for even of clubs of one becoming We new will being United the for to the floor We to in our too. traditional also more continue members. land, with as right in brick-and-mortar has integration integrate XX,XXX States, is technology technology The given effect, in smaller it the goals floor business [indiscernible], Center the to all This become for that XX,XXX been construction especially space, XX,XXX the on that the initiative of of clubs our in a online work believe approximately XX,XXX online about some not and are our Panama a Dominican the create our aware by more Republic with to availability two experience to of fact that buildings but which and both cases with in brick-and-mortar
hope fact into hope, our sales floor and that, we with – construction we In space investment our maximize the and with land. potentially reduce that to
not we of some in be the platform of Some items believe because again, clubs. on initiative our we available proven many – of represented more it will But e-commerce of years. to it This conclusion, Aeropost items may cetera. in with with investment, selection to the development, our formula at new to warehouse amount categories item the been is of in us will now most Ana looking the allow ways series these future, to land the In opportunities has with items offer members in be other reduced important, same a with new acquisition help able warehouse for club. not club us on our but members the combine successful construction, and in the to keep utilities, that our enhance et value for proposition we the also only in Santa especially find at
acquisition this quarter, we third XX. – Aeropost During March on finalized in of
and exceptional offered service logistics Latin and provider high-value is to addition e-commerce Aeropost The cross-border America we to reminder, and two e-commerce brings buying combination a Aeropost together option our and exciting the members. delivery and Aeropost The logistics companies Caribbean. As in of the know-how. is distribution with an products cross-border PriceSmart excellence, and brick-and-mortar expertise our operational services power a
We price. and expect our Aeropost high-quality commitment our member’s delivery offer options and business maintaining strategies members, all low an at to will excellent measure accelerate type offer PriceSmart shopping, online while for test these with ability to merchandise experience of
know about which cybersecurity will took PriceSmart, Inc.’s within includes quarter be of place serve point is our more e-commerce said, consolidation acquisition in of integration within expertise some one everyone results in from one XXXX. a was team. of benefit Let technology year development Aeropost financial their tasks find the Much additional next some to of me at related that The the remind ways integration our the that launched to and development use to our to our initiated – and with the during activity members. setting Aeropost the financials the third Aeropost already in of company. goals our our countries of new the measures, Aeropost getting With that of better by platform, to fiscal
his During Aeropost describing sometime financial some Maarten the – integration will how results. impacting is remarks, spend our time more of
shows to In of a deteriorating. returning my voiced the the facing the Now government At In a country and Civil the country the past the crisis of is slight in Ortega. no quarter, its the have Nicaragua challenges opposition Daniel president. experienced sales the comments have is the security during in down abating. violence decrease point, third political and few governments weeks, and end is the protesters the about War of by experiencing since Negotiations to between that as Nicaragua, driven broken XXXX, we in result, under strong their largest protesters sales. Nicaragua signs
the are We to employees nightfall, of is it back with to retailers around have to safer been limited operation of clubs operating our their allow warehouse homes hours commute move doing the as to while most city. before
consumables it. may needs impact of bringing – areas the the merchandise We just cross out protests make coming south Central and some to also from non-food amount have mentioned in ago, by situation in had have sales to disruptions I categories Nicaragua, the as in reduce as well of to America supply locations. We then conclusion, some Likewise, in we’re seen shipments and have Central as most on since in non-food the to the our a items. Nicaragua chain shopping as versus that make June, the month few non-shipments region, also Costa the minutes America In the to XX% basic and of affected, almost caused it north are The North the along well. year. and our in of businesses last shipments people of food especially clubs to cross through some of major In to our experienced decrease a Rica Panama country. this the merchandise country flow of participants pass an all sales of the Nicaragua country
and will last and and hope wellbeing EVP and PriceSmart a Officer the Luisa been that different has it least, in Chief enter has welcome on comes country she us Ana find still is where country a all merchandising PriceSmart, merchandising of the this XXXX, into problems, relief Starting since that management positions. our our to fast in helping the Originating security change uncertain our all Last Ana Ana I sure great It focusing want set. but but region, locations, will live for today. the Central these our such as country. She U.S. role, how the in the to been provide family seven Luisa we country been team, interact Miami priority remarks, in within sales members. for global the her all has Our Columbia role. like your the and a we’re comment and assume on solution merchandising and Inc. our with employees to new the After with XX efforts Jesus years we Guatemala, volume. as years to the XX% her we not would working soon has Financial almost team. strategic the our thank Bianchi, our we new X, XXXX, Columbia, Luisa August recent America, years. Merchandising Caribbean joining relocate Chong, for location our travel to for operations our volume able local his buying of role, representing for our D.C. our to us with with Officer take office solely team year, of I the Jesus years, for the will CMO regional contribution who for questions. two Chief to the been to two be Miami merchandising Ana as again, a in new with his Thanks, Merchandising Congratulations Maarten’s for past will nearly for was next company in team new almost and running Von currently
