PSCC

PriceSmart, Inc. (NASDAQ:PSMT) shares are trading higher after the company reported third-quarter FY24 revenue growth of 12.1% Y/Y to $1.23 billion, beating the consensus of $1.21 billion. Net merchandise sales grew 11.6% to $1.19 billion in the quarter, and on a constant currency basis, sales increased by 9.1% Y/Y. Comparable net merchandise sales for the 50 warehouse clubs open for more than 13 ½ calendar months increased 7.8% for the 13 weeks ended June 2, 2024. Operating income rose to $49.9 million from $43.1 million in the prior year quarter. Adjusted EBITDA stood at $71.0 million vs. $63.9 million in the same period last year. Adjusted EPS of $1.08, exceeding the consensus

Taking a multivitamin once a day has long been considered a path to better health, but a new study refutes that widely held belief. A study published in JAMA Network Open on Wednesday revealed that after tracking nearly 400,000 healthy adults for over 20 years, researchers found no link between regular multivitamin use and a lower risk of death, according to the National Institutes of Health. The study was led by researchers at the National Institutes of Health's National Cancer Institute. Also Read: Healthcare Advocates United: A Push For Congress To Recognize CBD As Dietary Supplements “The analysis showed that people who took daily multivitamins did not have a lower risk of de

PriceSmart, Inc. (NASDAQ:PSMT) shares are trading higher after it reported second-quarter FY24 results. Revenue increased 13.1% Y/Y to $1.29 billion, beating the consensus of $1.28 billion.  Net merchandise sales rose 13.0% Y/Y (+9.0% Y/Y in constant currency) to $1.26 billion, with foreign currency exchange rate fluctuations impacting positively by $44.2 million. Comparable net merchandise sales for the 50 warehouse clubs, open for over 13 ½ calendar months, rose 8.8% for the 13 weeks ending March 3, 2024. Adjusted EBITDA stood at $84.1 million vs. $79.4 million a year ago. Adjusted EPS of $1.31 exceeded the consensus of $1.25. As of February 29, cash and cash equivalents sto

WD-40 Company (NASDAQ:WDFC) reported second-quarter FY24 revenue of $139.1 million, missing the consensus of $140.5 million. Revenue was up 7% Y/Y on growth across all trade blocs. By geographies, net sales in the Americas rose 1% Y/Y, led by growth of the WD-40 Multi-Use Product on increases in Latin America and the U.S. Also, net sales in EIMEA rose 16% Y/Y, and Asia-Pacific grew 4% Y/Y in the quarter. Gross margin stood at 52.4%, an improvement from 50.8% in the prior year fiscal quarter. EPS of $1.14 beat the estimate of $1.11. Dividend: On March 19, 2024, the board of directors declared a regular quarterly dividend per share of $0.88, payable on April 30, 2024, to stockholde