PriceSmart (NASDAQ) announced its Q2 results. Highlighted were record net merchandise sales and EPS as well as membership base growth rates.

Quarter 2 EPS reached $1.03 above consensus estimates of $1.00. In line with estimates, revenue increased 10.8% year over year to $1.04 Billion.

Net merchandise sales of the company exceeded $1 million for the first-ever time in their history. Net merchandise sales growth was 12.6%, and comparable net sales growth at 10.3% over the previous year were key factors in Q2’s record results.

By Davit Kirakosyan