$Pricesmart (PSMT.US)$Revenue has continued to grow over the...
$Pricesmart (PSMT.US)$Revenue has continued to grow over the past 5 years, with an average growth rate of 6.3%. Operating profit declined in the first 2 years and increased in the next 3 years. The average growth rate was 4%, and net profit was also similar. The 5-year average growth rate was only 3%, with an increase of 6.5% in 2022.
In the first three quarters of 2023, revenue increased by 8.2%, operating profit increased sharply by 24.4%, and net profit increased by 15.5%. The small increase in net profit was mainly affected by restructuring and merger expenses.
Currently, the price-earnings ratio is 22.5, and the price-earnings ratio TTM has dropped to 20.2. Considering that restructuring, mergers and acquisitions have not yet been completed, it is possible to observe a few more quarters.
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