joining This momentum. and XXXX Good begins today. you, is and new milestone important fiscal the everyone, strong us call ends an as thanks for year Thank Maarten. morning, with
for priorities briefly a Rights Merchandising; talent; were with drive the in our members' of consistent first about renewed to values; PriceSmart. membership fiscal invest proactive to XXXX, and a people; As in need be value Six discussed remember call our my from The may strategies with manner develop Those growth in you meeting I priorities in on core our expedite focus future.
increases, year, challenges on worked and priorities revenue improved to improvements report continued and development. of membership of last focus the stabilization investment and these sales We've rate trends, internal yielded we're And for external our in margin measurable volatility Over to quarter our have significant gross company. address in hard markets. technology our many renewal a and pleased
I'll in now $XXX.X in million, review and income. quarter, million with comparable of you X% FY over 'XX. of an prior In net consisted fourth increase were membership merchandise sales the full fourth export of and for year results $XXX.X million, of $XX.X the the primarily the results and quarter in year income, million $XX.X $X.X sales million Revenues period. other revenue revenues
increased net negatively comparable by our currency have did again sales which were months more than XX sales. on by fluctuations open clubs impact X.X%, merchandise Comparable affecting merchandise a Currency X.X% X.X%. in sales XX.X net negative with fluctuations
way sales and looking El We in now end. increase led had quarter in a In to comparable contributed approximately this segment negative points clubs XX increase segment sales Central on impact respectively, The XX.X% positive X.X%, total were at and the a in and sales. sales. Nicaragua X.X% XX and respectively. overall to sales same-store So America, comparable this we by had of at strong total negative American Central of growth and X.X%, with currency merchandise X.X% a basis segment. Salvador and the comparable X.X%
and Jamaica X.X%. X.X% had the We and sales end. of the sales and approximately reporting segment Total growth of sales. were The same-store at and Now overall points negative X.X%, negative basis led total quarter merchandise X.X% positive impact in comparable Caribbean the growth XX clubs XX.X% of respectively. sales to respectively, to contributed and XXX Caribbean. and comparable Trinidad the strong with segment comparable of turning way X.X%, to growth currency sales on
in growth end. negative negative Turning of foreign we currency X by respectively. sales X.X%. in The was fluctuations sales clubs In XX.X%, at significant. had a sales total, to Colombia, affected where decline X.X% impact had merchandise and and total comparable on in It XX% currency was quarter and a X.X% We total total sales. the our negatively Colombia decrease comparable
including in and net performance the finished within X.X% merchandise by the we accounts, was primarily renewal is Gross margin by improvement million fourth XX-month when period the at contributed membership, and margin. pet quarter improvement the departments merchandise margins compared also X.X% rate and strong points increased up was versus the XX by QX in the this versus prior which impacted non-foods XX.X% the food ago. period categories. X.X year-to-date. net was to Total the Membership XX.X% driven regard in year margin last margins favorable comparable increased year XXXX. Electronics apparel in to XX% quarter quarter. and Net the margin gross to income with XX.X% a of supplies end approximately seafood year. August With for QX XX.X% merchandise fiscal from category basis fresh categories, quarter increased fiscal increase Net to to during
in improve, see our Although many did foods. prepared we of strengthen to an opportunity categories
our member demand evaluating offering and are product growth category this improve to in well. We as
million to year million in the compared per $X.XX share XXXX fourth share or the $XX year. comparable net period last or summary, In for was $XX.X fiscal income per $X.XX quarter
share revenues per by in $X.XX was by share compared net for million or by to -- fiscal fiscal XXXX. year X.X%. Net sales increased decreased full income fiscal comparable million the fiscal XXXX turning year Total $XX.X Net Now And increased $X.XX merchandise sales $XX.X X.X%. XXXX. year merchandise to X.X%. or per
May clubs ended year a Republic Panama in XX June clubs like of XXth in Santo with that of reminder, most Veraguas ago. and year bit the in XXXX. of club QX I to opening is de Last Metropark a compared a of XXXX take I share attended club, the And in to recent the addition of we the what As you club club and because XX week, with 'XX I'd fiscal Domingo in opening Panama. our Panama. our moment in observed to a Santiago of the Dominican
to congratulate team. really layout have is club has a beautiful. was The I First, received. that It new our well
company the before days selected to clear discipline. passion the very In and opening, Their to over is We of from pool price, than including saw better have having an and but member farm bakery and choco that increased me. who that goods if has employees had our as a prepared quite nights were offering markets items, produce, The member. XXX XXX. as our better of Six to a brand each attending quality Rights impressive employees in foods were our to well-regarded I meticulously there our every commitment including was selection value Merchandising followed ensuring with with which direct private-label It a hit of good, the a being a novel brand major not seasonal loco very the merchandise exciting, We at leading detail members. better, was was our of
packaging square into that X,XXX superstructure itself from XX% were made is steel cement is this significant meters. contaminant of and the of materials. environmentally recycled building our there building. high approximately this of sensitive went from And was compostable, completely in The We've use number biodegradable. [indiscernible]. of Throughout the the indigenous forth made there material was club, discontinued elements put more construction recyclable or of the
and frames Metropark in club reasons membership is members club. a and extremely prices up service included can ready the names, the to optician four in in more without vision most that's days, It's to leading members five brand This Panama are with full-time The a new visit giving in our our on-site competitive, membership. optical undergo first our are to lenses, including the of exams glasses cases, provides about our benefit charge. services. offer family
farm certification of process from to ago, also sold the we them today not Through half farm good for come Panama practices directly which buy program, was Panamanian only in quality of our little direct safety manufacturing the like from in our good program in products I'd confidence our and agricultural also all in a support in about farmers. rolled we bit agricultural Metropark. and to This clubs initiated over try our produce. year a the providing out we in program direct them but practices, over and
example results The saw quality team's the members a morning. Metropark and farmer where I really and club and in seven one better opening produce to our including With of now packaging the getting costs produce produce was center, lettuce on X:XX of increase to in distribution efficiencies at that head save X:XX in and farm Panamanian of took labeling and own are they improved able Panama. of and XX, The a.m. club our as opened impressive had distribution the clubs. we our about our prices fresh expertise who to one cut use brings at clubs. and count at a picture warehouse our morning also on our a.m. following a our the of are total
year Panama priorities with that which which is of some opened XXXX, We XXXX. June in format a we de I like in the of learning, secondary two in XXXX. clubs, in mentioned situated accomplishments from Santo club I'd of in our just the Santiago fitting believe of as key clubs. to earlier, And urban May the and club these a met smaller now Domingo we're are fiscal lot learning was DR opened a in which So both Veraguas and and new more that we're highlights and club
in buying to us real the making it and open three clubs and stepped want it months. for five team possible accelerated operation logistics pace, I who estate, the our to last new thank up construction,
will will Jose we in In Rica, announced to clubs see a from four clubs also club. Guatemala, commitment count within we fiscal about of fourth see and include hours San to be weeks closest two secondary capital and is to FY small-format that's I'm That club the which club eighth in is 'XX, really in Cristobal, six San club, Metropark and club then hours will our in three bring of Announced our Guatemala. started format FY Rica. our city our Liberia and city Costa there. part commitment locations. about existing between XXXX We've the small total club additional our Liberia northwestern team club Costa the opening now just urban These and our XX to Rica Costa club, -- a excited from XXXX.
a in Portmore, club a with of We have our city city be a acquired strong of for Portmore city market site a the our Jamaica. Jamaica members. Jamaica. and capital from second sized Kingston, club reception traditional been suburb has the in of will us great
We some Kingston. the expect the it to from our for in release mature our Kingston in club shopping and experience also members improve pressure of
presence our Bucaramanga, two expanding 'XX. and One a be city with format the in Colombia. smaller be club We'll of Colombia clubs will in new FY
as nine as The known a XXX us. location clubs a importance where the end Colombia, strategic we'll will metropolitan standard area, our our other in up see third is location. market be additional with Colombia, we and for Bogotá Street format This in Bogotá, in club our result,
sales enlarged to four invested investments existing fiscal some highest-volume plan to improving our clubs. In clubs We've of remodeled footage expand clubs. We we or and floor, our sales square more update force, 'XX, XXXX refreshed parking added through year also FY extend in several in buildings aging locations. our additional to of and make existing
approximately to most our example as provide. proposition we our As plan we membership that with accelerate mentioned it locations the now clubs Panama more we in 'XX to services Costa all in XX in future. have great value plans in Guatemala, of Metropark. intend optical of service optical to add can first is Rica, the FY one near a in our I earlier, or these of so offer We The
total continues membership XX% The our out grew resonate platinum year-over-year has of there X growth. base and our XX markets. rolled Our Platinum and of for in is represented program future our memberships opportunity to almost with members. there membership been X.X%
renewals new capabilities investments. for technology online revenue, in in purchases visibility on and cross-border on and including online clubs work Dominican we multiple omnichannel expanding with catalog In sign-ups, all the XXXX, Republic inventory out digital to we're initially our select launched fiscal continue implemented products. to fiscal digital extended to markets roll membership of and countries an options. through pricesmart.com we Spanish-speaking enable support with 'XX, We currently In delivery in development www.pricesmart.com year channels for capability upgrades new our
on and is to alignment a team and formalized our our tools Continuing support team. enhance on This technology, tech further ensure efficiency omnichannel developing offering. have we focused development with core business
We better on predictive also analytics. insight expect
urban existing areas. where of high We from populated of continue to serve availability estate in goals options cost is us potential to into and we're and markets densely for to these grow distinct. opportunity cities, our these our smaller the One extending rural evaluate be demand and smaller-format which distant some our format clubs. more to address finding the explore the real are is of the tend And two The by smaller of other allow lack to and reach club. secondary different
proactive people. We of our this expanding depth our for the and collaboration it's leaders and company breadth through teaching, locations so we and most throughout employees. our our development, and do Lastly continue talent various in invest of areas many initiatives to of importantly,
As is delivery a team it's improved more result, and key showing results initiatives. operating our manner to have on our is strategic and an contributor we believe an important I energy and unified renewed this a financial in
mitigate continue business As new on add volatility We increase a opportunity operations, to due grow to and find sales on to us objectives. serve rate economic forward market clubs we to focused development and our warehouse controlled fiscal both and our on individual solutions allow clubs at continue to and condition. remain strategic we'll our to look the technology our presents, XXXX existing to will geopolitical that plan focusing members, better to our members execute
when pace the transfer will years, from might I'd see that clubs do club inevitably a expect, same-store these more you sales in sales like our recent and new moment faster open than to a and take as note markets, especially we existing that impact of we established in result.
five sales, which that will have two During clubs that opened same-store have fiscal will open. impact and to scheduled XXXX, we already three of are
we market sure and USVI In maintain presence our reopening our the closure. for a addition, business in markets. to in our success have prolonged make a that our appropriate we're building competitor we long-term But
for services markets and equipment In good these buildings operate. quality our can, how our made suppliers good the prices a are laws by return closing, is to wages where safe, a goal good of population which by the merchandising ourselves members clean company in model better local emerging countries we the operate accessible responsibly empowering be and conducting benefit, to at we of to and our segment right and to the norms a provides that investors a job, developing our with that providing respecting profitable environment broader and and while them all in treating and serving by and
These commitment our and year X,XXX XX possible employees encouraged I'd without months. of we're would results like we to enter thank the progress efforts last great and PriceSmart experience exceptional to be over support recognize very our approximate our and for our by It's as employees fiscal XXXX. been a company. these their not
Jager, your to call Thank details for Financial the our into who now about Chief I you over our time. fourth will will quarter turn go results. Officer, further Maarten
