quarter, We year Comparable $X Robert. merchandise you, exceeded by currency. or constant X.X% Thank fourth in currency. strong with by merchandise sales constant both finished a Net billion. revenues net X.X% as XX% and our the X.X% in increased sales or sales net increased merchandise
for $X.X exceeded by merchandise ended increased year XXXX, X.X% sales by sales or exceeded currency, XX, fiscal constant total sales and constant merchandise billion. billion net X.X% increased comparable merchandise Net in the in For and August XX-month or X.X% revenues net $X.X period. currency X% the
an net comparable XX.X% at currency, or with end, X.X% XX.X% Central in quarter increase merchandise By sales X.X% or constant in currency. we constant net sales XX America, segment, merchandise clubs in had in where increased
merchandise America sales All had positive growth. of markets net our comparable in Central
fourth XXX approximately net quarter. of contributed segment positive growth the impact America for basis Central points sales merchandise in comparable total to the Our consolidated
consolidated currency and the to was favorable sales. to segment fluctuations year against significantly the contributor ago, the XX-month as and Costa X-month which compared primary period The merchandise dollar appreciated Rica net in the colon this same a
the Caribbean, increased increased or and at we net X.X% or constant had X.X% currency, X.X% net merchandise sales In comparable clubs quarter end, X% where in sales in merchandise XX currency. constant
All merchandise growth. segment of markets positive had sales our comparable in net this
region impact for XXX to positive basis contributed in total merchandise net consolidated of quarter. comparable growth approximately the Caribbean the points sales Our
Colombia, clubs at X.X% X.X% sales or In merchandise quarter merchandise and in increased end, X constant net where X.X% sales we had currency. increased X.X% net currency, constant or open comparable in
the growth contributed region to impact total points merchandise the approximately sales basis Colombia comparable in of positive for Our quarter. net consolidated XX
X% increased comparing services X%, in approximately approximately In optical, audiology prior to our terms sales categories pharmacy non-foods health XX%. same our the our and category and XX%, when year, our the fourth quarter bakery foods food and grew approximately of merchandise period approximately services, and our increased categories, category increased including
from year XXXX. our Membership renewal August accounts X.X% X.XX accounts accounts of an August XX-month X.X% million the XXXX. versus with increase XX, prior membership as XX, X.X% of of total August grew XX.X% as of Platinum rate of as XXXX, to are a base XX, membership
XX, an membership August was ended increase $XX.X quarter year. the of period million, XXXX, same the over XX.X% For income last
cards Following raise in for by $X types. fee membership membership decided markets has annual our X many most where We markets, for to $XX years all recently $XX been fee our for in platinum. most
staggered XXXX. fiscal in expect place to fee We year a most during these increases take basis on countries
increased XX.X% fourth as XX.X% merchandise in versus sales XX.X% the million for XX margin XXXX. $XX.X a fiscal fourth points approximately or the margin of fiscal dollars, the quarter XXXX quarter same total to of percentage gross In year year increased fiscal total of basis versus prior the net of gross Total quarter year.
down revenue XX% primarily the to gross margin. to in Total item total increase XX.X% to year-over-year, the last due approximately The per total revenue QX year. price average from approximately increased compared X.X% when fiscal year, XX increased of same period high of this points margins basis a of in
year. of as to However, items average same the prior per demand, continue price decreased compared aggregate the impact pressures FX X.X% the the we approximately see to basket and the period
X.X% and quarter, average year sales the versus grew period. our same During transactions prior both ticket the
basis of driven the of year expenses for was increased This point fiscal increase compared X the expenses during fiscal significant quarter by fourth fourth revenues XX.X% of year SG&A XXXX quarter. primarily XXX quarter to this total for to XXXX. Total XX.X%
incurred expenses tax a increase First, the markets million we we which minimum SG&A as in approximately of XX percentage in settlement the total with of where one contributed dispute points authorities the operate, related $X.X of in tax to basis a revenues. to
more be income. Because sales taxes on of our significantly on based low than taxes based traditional margin business, can burdensome
dispute However, litigation, on we to the was the impacts after certainty years order to create the course best legality constitutional we the business. this would tax of action on we our decided on in challenged which grounds, minimum and of other of have several in settle
our profitably Now certainty able in on this country. that matter, believe this business we have we be continue established operating to will we
SG&A of this in total of efficiencies use XX took that sustainable plant manufacturing increase our planned charge increase eliminating and approximately a negatively million a as contributed costs and or packaging packaging we assets points $X.X percentage related intermediaries of primarily our some closure had Trinidad write-down the plant materials to revenue. Secondly, by recyclable for inputs. We impairment compostable to the using of basis of
challenging. we found economic achieving However, prove feasibility that
the from general expenses. offset Operating decreased partially decrease in leveraging the quarter a from primarily year of XXXX costs tax year increase as same revenue compensation and primarily in the XX.X% savings for of closure Operating year same to and $XXX.X fiscal percentage asset driven SG&A million due to associated as these a the administrative CEO and from last minimum costs. was XX.X% increased expenses and last The to period basis income $XX.X revenue, XX for costs. lower expenses settlement despite with impairment by million, of percentage the income period a cost point by
last of in losses fourth compared in $X.X investment expense as primarily premiums quarter by to net other increase yields U.S. of an expense increase in in higher surplus $X other in $X.X primarily increase because in an to interest to several year, dollars. pay at significantly of expense due of net loss was countries an in million to total other million and We offset the a foreign XXXX more fiscal recorded we due of loss source same million, currency transaction partially income which a the total $X million total net year period cash
rate unfavorable closure impact comparably fiscal at in XX.X% came XXXX than minimum versus last effective to higher the attributable costs. the tax XX.X% year settlement of the for and primarily of fourth and related quarter a Our impairment tax year ago, asset
tax is For costs. fiscal year period. rate year the XX.X% tax XXXX, the and asset we write-off impairment Heading the comparably by and effective write-offs related Aeropost XX.X% 'XX, closure the fiscal VAT to annualized driven for effective primarily prior XX%. estimate minimum rate was unfavorable related of receivables, of the increase about an impact This settlement, of into tax year compared
$X.XX the share in was Net or or per quarter compared $XXX.X comparable $X.XX diluted diluted million per prior period. of share XXXX fiscal share million million $X.XX was income $XX.X $XX.X fiscal comparable or for compared to fourth year per diluted Net the per or period. $XXX.X to XXXX $X.XX million share income year for prior the year diluted in
diluted negative for share per of per per year minimum and share settlement for reserve share fiscal $X.XX $X.XX diluted XXXX for related are earnings asset net of both of a costs. costs Our the fourth to tax impairment impact the closure the quarter and and
adjusted net $X.XX share adjusted for $XXX.X million adjusted of $XX.X EBITDA Adjusted million same was compared fiscal same diluted income in quarter $X.XX net period. $XX.X $X.XX year. fourth fiscal the per or compared was year $XXX.X share an $XXX.X an EBITDA period. adjusted quarter year prior diluted of $XX.X period last million or compared million year Adjusted share or million the for year. the fiscal XXXX per the income million of was the prior income $XXX.X of to comparable adjusted income the year Adjusted comparable $XX.X to net in Adjusted XXXX fiscal diluted $X.XX net to or year for for XXXX period in compared million fourth last the diluted in XXXX was share to per per million
are million adjusted by fiscal related impacted $X.XX or fourth our quarter tax per to of both income EBITDA, adjusted net diluted minimum both charges For net $X.X and year share XXXX and settlement. they
million $XXX.X million and merchandise provided compared our and cash period. the fiscal prior XXXX, compared year cash accounts $XXX.X $XXX.X totaling a for million. the quarter restricted This same in XXXX changes the for cash of to operating million year positions $XX.X We equivalents working fiscal for perspective, activities year contributed net cash, Moving payable period. with on from capital flow same generated From and cash flow cash to prior our inventory year to totaled balance strong sheet. by ended
the versus days per the XXXX. inventory great XXXX inventory the and X.X% X significant fourth hand decreased drivers of decrease year, through decreased segment same nonfood XX% per Average the of we The in for in or markdowns by inventory and team our selling merchandise on club prior related by improve period for inventory of combined in with of club year-over-year $XX,XXX approximately fiscal by efforts to quarter much or approximately days flow our took overstock our to management. year which
common and in into could U.S. program dollars. August approximately Trinidad in initiated at in deposits. local purchases of for Net year, repurchase investments and year million investing approximately compared repurchase cash primarily end in borrowings period year balances, important compared that cash during with the share $XX.X not quarter, prior of by currency year finalized Honduras, activities used result that to $XX primarily XX, $XXX.X a Also, the our current paydowns as increased equivalent note first shares same this as cash, million, our during certificates the program a for of $XX.X short-term fiscal of cash is million increases the increased to we versus the with from Net in X,XXX,XXX a we financing XXXX used fiscal total activities million. reviewing short-term in XXXX an we readily drawdowns cash of ago.
When quarter we it of of of by increase which to had the to fourth convert the respect of of denominated stock
Poblado we XXnd to excited opened El truly Medellín, our in Colombia Now and with our Colombia in club club on El our club tenth drivers. Medellín, to located real our The are second overall. our estate, is September growth on warehouse club Starting X, Poblado in have club XXXX.
we as and under we We clubs Salvador, warehouse Escuintla, open, are clubs Santa open also XX, and warehouse El construction, a XXXX, on have warehouse currently in locations club these plan in well. in club additional exploring X early Guatemala X warehouse XXXX.
Once to new Ana, be we'll XX clubs, actively November operating a are
in In agreement our relocate Santiago, parking Salvador, our Guatemala footage Trinidad new Pedro are nearby Miraflores will Republic, warehouse for which Portmore, highest and Miraflores of entered Tobago our to location clubs addition, El our increased we are in and location. one life greater the currently Dominican remodeling selling extend Honduras, of high-volume along recently a to The and and San Spain, our several have into lease parking clubs, a Sula, Salvador.
We in in club a covered lease number club of square with sales The Guatemala. members. spaces, is San
We improve continue the our to net our of seek cost merchandise our to lower enhance and better ways operating to infrastructure distribution landed members, serve activities.
This for a warehouse market. in distribution center recently approximately Panama in this distribution center Costa Panama, way infrastructure, of leased our distribution as foot distribution our building serve center renewed in City, to focus on similar will in operate we clubs square part As Rica. that that an will XXX,XXX a regional
also we square more QX, center in with The and El our distribution by intermediaries. in deliver Chimaltenango, our fresh opened Tejar easily to allows has El Guatemala, produce new of produce center eliminating feet directly which working farmers During local Guatemala, space. new us to clubs produce Tejar, distribution XX,XXX
now membership value. to Turning
selection we've high and and alternative currency brand in calls, As times membership value our these previous highlighted of quality, high to a inflation label be private good fluctuations. continues foreign
year merchandise of XX.X% year basis During of private fiscal XXX sales our That's our XXXX, the from represented up comparable label period XX.X% fiscal total in points sales. XXXX.
XX wellness locations fiscal to of by optical centers expand year have services. currently end of suite continue XX expect our opened and with We have to the We XXXX.
Optical program in clubs XX,XXX with both In and component Philanthropies glasses and located. an and contributions communities are Philanthropies' eye eye exams children free free Price the Price of program, our purchase their families quarter. Crecer services performed to important optometrists from centers. optical provide which eye Our we also X perform of provides every the the with membership, PriceSmart exams our during our over exam exams partnership are optical and glasses y vision Aprender eye We the charge. for
our currently and and provided eyeglasses exams X XX,XXX Rica have date We this Panama. XX,XXX in in through of warehouse in warehouse pharmacy all X to have centers XX,XXX screenings, clubs program.
We clubs Costa
we With centers. We expect and year open Panama year to audiology more ended with to in fiscal in X fiscal respect X XXXX XXXX. pharmacies Guatemala XX centers, during
Panama in and Trinidad open to expect Jamaica each year XXXX. and fiscal of center We X Colombia, additional in in one centers
our shopping Our currently our driver pricesmart.com our our sales services both third other to growth in for is our We all desktop online in app mile third-party and omnichannel and options our drive delivery and on members, which sales. channels, website. reflects app digital last utilize
versus company. merchandise increased X.X% prior same period. increased the represented the the a transaction sales as During fourth value the for the net increased of Total orders total XX% percentage quarter, average the versus sales of and prior merchandise period in year omnichannel and XX% a net record year X.X% sales
online our our opportunities are made enhanced with We As XXXX, XX.X% XX.X% pricesmart.com on base transformation. continue management transformation within that Officer. and process, value has organizational digital purchase we to Price in approximately President in project believe channel, reporting total had provide alignment growth will and key we will digital appointed change membership members technology, the and respect as David experience and an to Several Executive to company created better We of business Vice execute significant invest was information our and we pricesmart.com. of pricesmart.com including to our members.
More agility profile the XX, on Transformation this this office. of omnichannel our are with of an and broadly, that to part collaboration, believe our additional recently David, there areas August digital announced promote a the Chief
Wayne and before this focus Wayne improvements, after across in technology and demonstrated through Information leading of consulting with digital became new of field driving a and a IT information us part wealth the onboarding organizations As Sadin Chief role and transformation our growth in efficiently. various technology, operations IT with omnichannel of experience Officer, along initiatives, on in us industries. working with expertise strategic joins recently accomplishments optimizing innovative
of in implementation stages various projects of to are We digital support transformation. several currently our
have For point-of-sale Toshiba begun planning new supply a recently buying ELERA, migrating improve Redox we product, to selected we Solutions provider a retail as example, of unified system, and and applications to a capabilities. chain our
to an continues expect incorporate and that gears slightly. we increase use management moves how and to We transportation be also upgrades Environmental to warehouse our to us responsibility efficiencies of our our business, these assist do value practices making important and best approach we we on Overall, in natural and are members.
Switching resources responsibly. social our our delivering proposition component systems. to
Salvador, new X give in centers total in recycled around Guatemala. opened X a we to materials Honduras quick XX,XXX giving in location. X each X with Just collected update, monthly of recycling pounds us El together On average, and
are track Costa the We Rica, more recycling and fiscal in open end Republic XXXX. Dominican Panama to centers by on year of
find can Philanthropic responsibility corporate on efforts and PriceSmart's pricesmart.org. more You about information social
headwinds foreign core you rate items, business of overall closing, forward currency XXXX, up during in X, Looking constant to out little merchandise a a In the our contributing positively and currency, exchange or strong. Colombia you while back continues quarter, see these from perspective. comparable sales ended X into effects encountered October the the the specific with can were QX weeks results X.X% we Rica XXXX, Costa both for X.X% some that our net when
members and that. we our questions. from people foundation promised committed our the provides now that I remain care deliver may success on now has the employees first start your the attitude take a taking to culture. will if strong fiscal of will of commitment fiscal we proposition turn callers' value which you year joining to the merchandising your operator to X in call members for This our the our questions. rights and a over you for year upon people set you Operator, our promising today. result and believe resulted to call stage into to our XXXX.
Thank We take We first naturally and the