PriceSmart’s supply chain flexibility allows revenues to expand

China 2673 Cons. Discr. - Apparel 391 Cons. Discr. - Durables 366 Cons. Discr. - Retailing 334 Earnings 513 Quote Watch 284 U.S. 4748

PriceSmart published calendar Q4 revenues which rose by 8.1% year over year, beating consensus estimates by 4.8 percentage points. The Central American retailer centralizes its global sourcing via the U.S. and experienced a 24.5% year over year expansion in U.S. seaborne imports linked to the firm in Q4’20. That was the result of increased imports of toys and furniture which rose by 35.8% and 34.0% year over year respectively in Q4’20 after declining in prior quarters. CEO Sherry Bahrambeygui noted the firm’s growth is in part down to supply chain flexibility stating the firm “secure(d) ...

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