SEGMENTS

3 Months Ended

Nov. 30, 2011

NOTE 11 - SEGMENTS

The Company and its subsidiaries are principally engaged in the international operation of membership shopping warehouse clubs in 13 countries/territories that are located in Latin America and the Caribbean. In addition, the Company operates distribution centers and corporate offices in the United States. The Company's reportable segments are based on management's organization of these locations into operating segments by general geographic location, used by management in setting up management lines of responsibility, providing support services, and making operational decisions and assessments of financial performance. The Company's operating segments are the United States, Latin America and the Caribbean. Segment amounts are presented after converting to U.S. dollars and consolidating eliminations. Certain revenues and operating costs included in the United States segment have not been allocated, as it is impractical to do so.

	United States Operations			Latin American Operations			Caribbean Operations			Reconciling Items(1)			Total
Three Month Period Ended November 30, 2011
Revenue from external customers	$	2,249		$	310,542		$	165,894		$	-		$	478,685
Intersegment revenues		213,827			5			1,177			(215,009)			-
Depreciation and amortization		(420	)		(3,077	)		(2,314	)		-			(5,811	)
Operating income		7,424			12,931			3,906			-			24,261
Net income attributable to PriceSmart		5,019			6,516			2,454			-			13,989
Capital expenditures, net		444			4,406			3,430			-			8,280
Long-lived assets (other than deferred tax assets)		38,629			195,923			117,481			-			352,033
Goodwill		-			32,039			5,197			-			37,236
Identifiable assets		36,512			423,047			228,483			-			688,042
Three Month Period Ended November 30, 2010
Revenue from external customers	$	1,424		$	239,803		$	144,845		$	-		$	386,072
Intersegment revenues		161,031			-			1,231			(162,262	)		-
Depreciation and amortization		(229	)		(2,288	)		(1,720	)		-			(4,237	)
Operating income		4,969			12,878			4,344			-			22,191
Net income attributable to PriceSmart		3,820			8,291			2,742			-			14,853
Capital expenditures, net		629			8,370			7,356			-			16,355
Long-lived assets (other than deferred tax assets)		35,152			180,840			125,012			-			341,004
Goodwill		-			32,236			5,209			-			37,445
Identifiable assets		37,842			341,999			230,060			-			609,901
As of August 31, 2011
Long-lived assets (other than deferred tax assets)		38,601		192,594				123,356			-			354,551
Goodwill		-		32,152				5,209			-			37,361
Identifiable assets		63,154		388,325				212,849			-			664,328

(1) The reconciling items reflect the amount eliminated on consolidation of intersegment transactions.