XXXX with new optimism everyone. our the hope same to all earnings the Welcome day, starting our I Good have folks call. that year. for here you're
of team or results or supply a very very the see delivered disruptions to the So quarter we had very, the And from not, by some results, cover as today. first COVID chain we our solid. no year. fiscal can are topics great COVID, have strong you
now at numbers. the looking So
month has very base new at strong During and XX XX%. level our growth to membership a first quarter, our renewal record membership rate with total X% grown year-over-year the was
worth increased was significant the increased over versus last With sales in period and 'XX. noting this their year. last compared the continues And year. comparable quarter versus headwind which X%. quarter prior to are they X.X% The that relative being comparable in a by all comparable it's be to Currency growth of quarter achieved net period. year in the numbers headline grew fiscal Our total same same XX.X% same QX, regard impacted results merchandise year a net merchandise sales period and sales to last to
the quarter fiscal basic And Our prior and when operating year. income first $XX.X grew grew period, in year period XX.X% current million to million compared versus $XX.X last quarter period. the year earnings the in first for year, of of share diluted this $X.XX $X.XX the in the yielding quarter same the X.X% to per prior in earnings versus
that our into well report currency December forward They QX, ended Now, is momentum team good XX.X%. with looking our negative sales of seen strong a were on net we XX, XXXX. merchandise holiday and to momentum. the comparable This sales for achieved can prepared We've despite weeks build was X.X%. impact up four
we're for now company. talk to major We're growth about our So, bit I'd like our to drivers how little a grow company. on three focused pursuing
maximize ensure opening network real strategically in efficiencies distribution new to right and that making the our clubs places the estate, in in The is investments to located chain. first we're supply
the for other the driving incremental and membership. through of third value new digital our sales the enhancing platform And company is Second pricesmart.com is capabilities.
our brick clubs. to areas. and current accelerate briefly our continue With is in mortar each It now touch regard geographic of intent on seek those continue our our footprint and So, of warehouse to actively we expand in estate, some opportunities real to in to activities the of of even let's to new and just pace clubs. 'XX. pandemic, three opened evaluate opportunities beginning clubs four to first those fiscal the next of continue explore Two the markets. club growth years Since the five quarter were over we've and of COVID to for opened
the and Guatemala. Club Aranda it's in Guatemalan two first club The in Guatemala, fifth City, Southeast our those of is
pleased with in attended In club, the nightclub quarter and about opening fiscal to Guatemala. in the COO our the November market. our in provide year, several we're more during offering clubs for months, we Colombia along team to performance evaluate good our the of And the first to Floridablanca three markets. clubs and Our near our exceptional opening this leadership It is And see it team felt was and traveled I of an in located see to quite strong overall members was and management really that with good extremely our the we market. doing even potential employees only local in of In there attended be We seeing growth reassuring Colombia that visit membership. Bucaramanga. our job. back
for extremely positive cared and protected Our difficult this employees grateful they've and how were during been time. very for
working to are market. the in presence We increase Colombian our
with we're about we November, is and Although I under myself for center of demographics new extremely a Colombia. growing and underway business. not with and when in populated permits The Medellín prospects just have that this preparation I of yet good share for was you site in there to area got we're club location. site the excited our can the a for today in it issued densely contract, is see very announced, Medellín, been
the and we for historically is the progressing which market generated sales a as Also goes us for our as previously in believe refer club strong Michelle] open Kingston Assuming of shared, that all of out XXXX. this We Jamaica planned, is been club location. nicely. we fall Jamaica should (ph), to club, Portmore, have [St. as the record-setting
have estate we've of to of in We've potential XXth our potential April will and and opening year, for company. we're the looking team the years. in more Portmore forward that in identified for had mark clubs locations So approximately our club than new invested this real
be pipeline today's a various has we're planning clubs, types in newer stages Therefore, the and distribution the most essential. at to that sites various plan the to merchandise to efficiently supply no for demand the world we proven our of opportunity strong clubs positive the is for see expand due distribution member, increase centers or or includes in our provide sales network diligence. from generated membership course, needs from there's potential sale maximize serve and footprint But seeing new the a of evaluation is smart of distribution we from for results that our the Hand support network pricesmart.com. so and and supplier in clubs it and doubt through need to the responsibly to business. competitively minimize make geographic Of can presence clubs. of investments we disruption motivator e-comm with appropriate our optimal the plans in with chain these the growing brick-and-mortar increase for Also, our optionality hand support that to our for additional efficiencies, markets
and centers execution, we to centers Sites network will various We at intend these activities markets. our lead eventual which produce certain to also processing distribution to distribution such operate all and analysis facilities that bakery, packaging all greater provide to expand fixed of that regional distribution is stages opportunity labeling, meat to are our also sometimes we These allow us as currently expect the intended current of serve but to and of and of produce from production X. local centralize to efficiency. produce X
centers evaluate we which a of continually with As lowest and sales chain to reality how in us [barriers] to (ph) the enable that our greater contend number we results scale located and in that's nowadays. markets, realize lost clubs better merchandise distribution optionality sales mitigate efficiencies, the at Strategically to and we're all pricing to expenses additional our with up land disruptions our against the associated supply provides having cost.
for growth, choose At access Now moving our core, pay model business membership proposition to a its provide. value membership our that so making great so second to people what is value. about compelling, our to enhancing we driver
include better lower provide which can continually to Program, member. Direct and with savings produce greater developing value. to a we Examples then quality invest So reduce to cost on we costs partner new we farmers the local Farm the ways pass source and at our are where
is Program. Label example Private our Another
markets We reputation. brand a our our value greater even Private give recognition to opportunity have in great to and the Label strong gives members. us
when we our the appropriate. soft has plan provides locally continue and local Select offering, source of of So expanding to especially the benefits. hard sourcing also number in a lines. items opportunity quality to Label area us Private
it's Private so there our own which brand. supply us It and industry by supports it's fiscal of operate number including jobs. direct to the 'XX, reasons reduces of merchandise Label, help full a disruption of mitigate up example, creating sales we fact given differentiator in quarter our is investing Label year the XX% communities to can For for fiscal transportation and that it and of first that our expanding of represented escalation costs, XX.X% local continue the chain indirect the for and FX risk. in It exposure from which approximately in Private for a us developing 'XX.
services membership We life that members. the for by quality our enhanced offering can value also enhance of
quality their well-being eye deeply members clubs optical families, in eyeglass and exams continues of free currently offers XX which the initiative, with member Our with frames. for to discounted expand services additional along
at least X year. Guatemala as before us. This members clubs family umbrella. initiatives We as be X all hearing great that fiscal newest their the discounted aids. And hearing going this for our is success expect provide opening the a more deeply is And members services those to be of our Optical audiology proving well-being for services. our under to well we're with one of of we end of in free provide and exams We
markets. purchases fiscal to Costa our we've as to platform, we convenience pharmacies invest X of all expect X/X roll and Audiology also -- benefit for and clubs And Go out and intend the services out more to before services. pickup these roll in and in delivery between X/X enhance somewhere using Click our for such the I'm Rica also of of we our options purchasing of our year. & and Members the provide continue to so curbside from Pharmacy sorry, to We end clubs opened
be believe a of also member is trusted. can benefit a that We that we being
on safe working that trusted, trust a responsibly. really are and from we put we cultivating company, keeping our and are treating and that emphasis on comes we goodwill the such that fact them As members
it prices to needed day, maintained compelling did the can of time so available great and of team times place, our we have and supply right scarcity and a the COVID members, the goods job interruptions, right During chain right when our value we this right great amount for our ensuring members we've and at make the in of merchandise that at sales of most. at price right the maximize those even
the back, So membership stepping which it a increase driving opportunity where to membership it turn the benefits membership our valuable company. the a and even prices fee be drive more base. driver to grow adding income The to get for membership leads expect the that fee allows can members for reinvest us in us, appropriate more then valuable. opportunity membership for higher to membership value to we down, By provides makes to -- only from and that growth
our third to turning now main So driver.
focused are online other generating pricesmart.com capabilities. from and on sales We incremental
our both the transacted limited our sales by see opportunities Now presence online necessarily But and we virtue mean sales it's online, generate that to to online. in are incremental that that clubs. of doesn't
signs mentioned technology to valuable earlier, data. tools our with grow better platform. because and in our of that of engage membership to online We're development pricesmart.com sales As our in we us evolution and our analytics the to allow resources have positive continue and we opportunities seeing with invest
FY X% up from we 'XX. our sales, both in-club X.X QX, In from preceding We preceding in increase penetration members sales fact, members In QX in shop more the an on who that total of was than first online sales quarter transactions pricesmart.com, who surpassed quarter, X.X% shop we which quarter. at million saw of immediately generally spend represented exclusively sales found in-club. transactions of the recently comparable pricesmart.com and pricesmart.com. and And on
convenience. However, provides formats The once demonstrate drive format reinforce again, the our The online online our important to connect great X provides club to that and greater Pricesmart.com our and opportunity value for do it's to proposition not company. in our silos. each should overall to a members. other sales emphasize platform operate
an In can fact, XX% of all QX vehicle also new and up signed well. offerings effective in to help It's in-club members sales provide information drive as that online.
to provide a in we channel addition, allows that members our service. customer have connectivity better In with through X-way pricesmart.com, better us communication
to our effectively Although this do of and a with our become data technology untapped opportunity platform members, current online tools sales. we have business we incremental have we the grow connect believe platform part already it to and how and significant generates utilize
of that to But even puts So makes I is people. wrapping prove of us up, compelled a only company COVID any underlying of this growth these a our what us it been employees, all and We've it our opportunity admit, reality must to drivers our an do employees not first. to always better. gave
but believe One good of the numbers, a cost was access loyalty that to how contributor on that the made. is year, times I of care. tangible firmly is employees we're levels last have Michael great necessarily we've employees have to one at reflected is stellar results we a long-term to I'll commitment doubt, our these want in to to don't accomplishments you. wisest and this all the today. company it job employees our our have you hand expressed palpable. believe care greatest about thank investments not of incurred, through appreciation, of which now. the it this and team sure The back here all to No quarter, I our in make health a a previously by for Thank that we our I is uncertain major talking see