We $X.X had sales and was as over total Thank quarter billion. net you, merchandise strong reached a third billion, Robert. $X.X almost revenue
XXXX, in For comparable X.X% constant the May net X.X% sales currency. quarter sales by or constant ended increased merchandise by XX, currency increased and XX.X% X.X% merchandise in or net
merchandise were XX, X% $X.X total or For billion. $X.X the Net currency reached by increased sales X XX.X% XX-week and or in sales respectively. X.X% almost periods, ended merchandise and months sales net total and for currency X.X% XXXX, the net X-month May by increased revenues almost billion, constant merchandise comparable in constant
net at end, merchandise net sales By XX where increased segment, currency, in had X.X% or or we America, clubs constant quarter X.X% in in sales in constant comparable merchandise currency. X.X% a XX.X% with Central increase
comparable the comparable new in Salvador, All markets merchandise growth, are had opened of X America El calculation. sales in for except sales which yet net not positive net which clubs, our merchandise Central recently included
February club of quarter. third XXX Guatemala XXXX. for sales warehouse November club We Our opened warehouse America net sixth comparable positive El basis in segment and in contributed consolidated Salvador the merchandise points XXXX approximately total in the fourth to our Central our growth impact in in
in quarter constant and or X.X% sales XX currency net end, In constant currency. sales X.X% increased X% increased where or merchandise we clubs X% the net in merchandise at Caribbean, comparable had
had in net markets our of growth. sales this positive merchandise All comparable segment
total quarter. Caribbean sales comparable consolidated the for positive contributed XXX to Our third merchandise of the region approximately impact basis in points net growth
merchandise growth sales in to positive XXX total XX third net XX.X% constant constant the the increased quarter, comparable basis and our XX.X% of approximately X.X% XX.X% quarter. In of merchandise end clubs sales impact increased Colombia, for net at points increased in contributed or sales where had comparable opened currency. merchandise consolidated we currency in the Colombia and net
of comparing same our categories, foods of period and increased bakery accounts, approximately quarter prior third when of prior terms approximately non-foods to XX, approximately year, X.X May approximately audiology XX.X% our accounts optical, the XXXX. the with our renewal versus XX% increased a food almost our Membership X.X% the health in sales category strong our pharmacy, increased X%, million merchandise categories to services, services XX%, and and In including year XX%. XX-month category grew rate grew as
accounts successful, increase base, X.X% platinum of X.X% third our our end quarter membership the Platinum our special importance helping March, This ran upgrades quarter of program. of of total from our membership and at campaign year's Platinum was second encouraging and to we the XX% month our Due quarter. to platinum to members, members during a quite this the year's and the of last as rewarding campaign an sign-ups from end
versus for period of margin quarter point of fiscal XXXX. dollars, sales across XX.X% year quarter the to of or the versus increase membership in total in The as the May a to ended For was year gross the We due increased was to over XXXX gross margin $X million the increased merchandise revenue XX.X% membership during increase margins prior compared net period third basis the to year. merchandise sales percentage as due margin increase sales. of annual XX points net increased XX.X% XX.X% percentage by fee substantially most general the an revenue year $XX.X total of fiscal quarter basis in of total of XXXX, categories. $XX.X Total countries fiscal gross the XX increased fiscal the income million, basis same primarily approximately total to of same primarily last In quarter improvement year year. points our margin when XXXX.
Total a last XX XX, same XX.X% all third
quarter, average period. prior X% transactions the third sales by and same grew X.X% ticket year the versus our During grew
an ticket fiscal increased of year the year X.X% with due fiscal X.X% year-over-year, expenses our compared XX revenue period, XXXX. is and compared XXXX to of an interest year total depreciation the compensation to of X.X% XX.X% million. the and expense XXXX, income year in expenses higher administrative fiscal million net increase period income other fees year and professional third executive quarter versus net primarily average grants million third average year The expense period basis to to XXXX price the to quarter The and the for the basket and months the increased loss period. items for of primarily and compared XXXX, primarily for $X.X to $XXX.X year.
Total XXXX grew X-month lower due of expense we net the million. the period total In increased Operating $X.X other grew other in to and same from fiscal third expense year. per same X.X% X.X% by the revenues leadership.
Operating third quarter for increase year X.X% of to year from the total for SG&A recorded prior a of for of loss to quarter third increased point fiscal same first the million approximately compared to transactions per decreasing compensation, same of increased period increase was $XX.X expense last million. to due XX% to the expense. year the same General investments approximately last in quarter stock The fiscal XX.X% of in total XX.X% average of For prior item interest quarter technology loss last X from increased total income $X.X $X.X in
at rate the year ago. assets effective versus XX.X% came CEO offset tax The quarter year. third tax related for is the fiscal the effective year cost increase in for a written compensation, in down XXXX by rate Our prior primarily of savings to XX.X% in the
For foreign the period. the on from months that assets was May recoverable. valuation XX.X% longer decrease X tax no credits to The fewer in to is year tax primarily rate effective deferred tax XX, rate XX.X% XXXX, the tax effective the deemed ended allowances for prior related are compared
forward XX%.
Net for income net in diluted $XX.X adjusted $XX.X diluted prior per to per share year about million effective XXXX. income compared rate of share fiscal year fiscal months of or million $XX.X income period. to million or fiscal adjusted Net share of prior same million million fiscal $X.XX in Looking net year. third $X.XX of or share $XX.X the in of the third $XX.X quarter the period quarter an compared XXXX or the to per quarter Adjusted for third the the expect $X.XX tax year per fiscal quarter period. million year diluted $X.XX with QX, comparable to was for to per diluted million the compared of $X.XX in year EBITDA last the X compared share XXXX $X.XX an adjusted comparable was year was XXXX or was first $XXX.X third for or million into to share $XX.X end XXXX per diluted we XX% income diluted the fiscal $XX year of an annualized Adjusted
the income was for $XXX.X the diluted or or period. million adjusted first in for compared million adjusted to XXXX year. share of Adjusted compared net in diluted same $XXX.X year XXXX an million X X fiscal net to per months $XXX.X the first $X.XX the per of $XXX.X adjusted period was EBITDA months income $X.XX fiscal comparable share last an year million of prior Adjusted
inventory the cash million activities in a months in million, net $XXX.X investments. sheet. X payable $XXX.X quarter changes for restricted to same in Moving compared on capital million equivalents From million balance totaling of period. prior cash the contributed the working cash, overall $XXX.X approximately year million accounts provided ended the our to operating our perspective, cash by year addition and cash Shifts for We fiscal merchandise $XX.X of and decrease. short-term XXXX to totaled generated strong positions with first to flow from $XX.X
in offset liabilities This income items, which months Additionally, without $XX.X additional cash May for million ended net operating used. noncash by increase an million XX, the partially contributed and XXXX. $X.X assets contributed in of X a change net was
known increase $XXX.X used short-term by in investments. prior towards ended XX, compared proceeds cash XXXX. XXXX hand by increase is hand Average per or primarily in day the days inventory increased to for inventory inventory The club the mix year shift more XXXX food inventory the of by for year, longer X.X% to the fiscal items, same times. due lead to of per a XX.X%, due approximately have X and decreased primarily club of $XXX,XXX quarter months our third million settlements which in X May increased period on days activities million investing a or Net and from in on versus approximately $XX.X
This by ago. compared offset same was in and X-month expenditure of our million support X period the in year increase the to fiscal and months X to million We first increase estate a equipment short-term growth $XX.X partially real X purchases $XX.X clubs of opened additional during XXXX. footprint property investments a of
XXXX ago. months to $X dividend of payment during period cash X the in share $XXX.X financing bank result ended we borrowings proceeds the the and the program during the May first primarily in from used quarter, April compared long-term of Net XXXX completed from lower activities XX, year by special a million, same repurchase increased a
Honduras, currency our as cash cash, local into note XX, short-term and had in cash dollars. we that equivalents Trinidad XXXX, important May to readily we denominated of $XX.X reviewing investments million U.S. and it could in not convert When is which balances, of
to drivers. growth real estate. Starting with our Now on
club have operate XX in located club San Once approximately will in Jose property Cartago, area. the XXXX. on east land and clubs in is total. Rica, anticipated plan a metropolitan from miles open open to Greater our new in We of XX to club Costa club warehouse X-acre nearest in we built open, purchased the will this the be spring This warehouse is ninth and
clubs Port Portmore, in Sula, currently Tobago Santiago, remodeling and as Trinidad Jamaica. Additionally, which Salvador; of well our of & Republic; Dominican Pedro San San in Costa Rica; and Salvador, expanding we Honduras; Liberia, El several as Spain, are are our high-volume clubs,
of centers actively Nicaragua include El to reduced continue a we distribution to The lead markets, time benefits lending X costs, centers using improvement infrastructure distribution distribution in by Guatemala, improve of third in serve run we our members. different Finally, Honduras, In party capital. net opening to Salvador. seek ways our reduction and third the better quarter, and started working
to membership now value. Turning
products We private calls, and across food, we've apparel label based offer As brings highlighted to in significant area label selection household the private previous good markets. our member be members. membership brand selection our to brand of a under value continues it on all focus our
fiscal XXX points represented the label sales. year XXXX, our fiscal of During period private from up comparable the total sales year XXXX. That's of merchandise in our XX.X% first of months X XX% basis
We to in continue centers warehouse Costa centers locations focus XX warehouse clubs clubs all also in We as on well optical the with as currently Rica in our health X Panama. X and services. pharmacy have of
We expect and to We open additional in have X year during open Trinidad and Jamaica the expect more Guatemala Panama, currently center fiscal to fiscal in centers of open each XXXX. audiology XXXX. end year audiology pharmacies XX one of by
lenses contributions X Crecer Optical y exams children free which XX,XXX we Program, services optometrists also are in and membership, with the frames. eye located. X eye and of Our are important every free Philanthropies' the optical exams the to quarter. performed for with PriceSmart performed provides during over Aprender partnership provide our communities component an our clubs and program charities eye exams In Price
is Our sales. options driver our currently drive third-party pricesmart.com, and/or desktop third our our and members, online sales providing other for growth last-mile delivery shopping website. utilize to omnichannel services via app app our including We
million merchandise transaction in pricesmart.com Total the year XX.X% total orders same sales. value versus $XX.X sales the our prior year and net channels or total merchandise quarter, increased third the a increased net digital XX% During and increased versus represented average of on placed period X.X% app X.X% and the prior period. through the record
a platform improve year allow our e-commerce experience. zones and friction quickly, XXXX, us third better began country-by-country will the new This members, in to quarter and In our availability discovery for of delivery inventory services platform. more of update website tailor the rollout fiscal shopping we reduce product
app. has our our And there our approximately an in this experience provide an invest and We our growth pricesmart.com with created XX, enhanced to omnichannel base channel, of May on purchase of or part app. made total members. members opportunities membership business significant are our XX.X% a believe XXXX, and of our we As in our pricesmart.com profile XX% of had that to online continue digital will value additional to or
is continuing work inventory fiscal end project ordering year are this our as be XXXX, of XXXX. we management. proceeding we currently to We implementation to on and expect started modernize RELEX it Additionally, of planned, completed it in to and the and by
in-stock this enhanced efficiencies and of implementation, improved streamlined As anticipate inventory sales spoilage optimally a result and flow. to we an due positions, diminished
commitment investors.pricesmart.com full quarter, released social of comprehensive third natural responsibility. and environmental for important our the to business and best XXXX. we report on and This responsibility practices the The Investor report membership. website our the use year we social responsibility During to environmental that be continues incorporate and Environmental ESG is fiscal report to component to ESR at our do available showcases We value social our approach tab. how resources an responsibly. under our add Relations
in average and Tegucigalpa material X Salvador, pounds XX,XXX around per Guatemala. pounds open, collects location X X an with Each Just of we have in recycled of centers around X the in to currently monthly, reflecting update, with quick give a XX,XXX recycling locations month. Honduras
we program plan Looking by opening Dominican additional XXXX. fiscal this in expand X during to recycling successful the centers year Republic ahead,
can on information pricesmart.org. responsibility You PriceSmart's find efforts and more corporate philanthropic about social
were XXXX current in June forward net X Looking the currency. our our into comparable constant fourth up merchandise XX, for sales weeks X.X% or a ended quarter, little X.X%
growth great members strong result rates. our see and the through proud by we proposition we In to as closing, evident it value was a offer renewal and that quarter, recognize third are our sales
a our the who hard employees are the work and for thankful make possible. round solid ingenuity year, our all in performance to quarter out of it expect we and We fourth fiscal
today. our now questions. call your now to you callers' joining for start I may over to Thank you Operator, the will operator the turn call take questions. our taking
