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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Aug. 31, 2020
Revenues:      
Net merchandise sales $ 3,944,817 $ 3,465,442 $ 3,191,762
Export sales 45,217 41,520 34,374
Membership income 60,887 56,030 54,501
Other revenue and income 15,172 56,879 48,551
Total revenues 4,066,093 3,619,871 3,329,188
Cost of goods sold:      
Net merchandise sales 3,340,062 2,912,489 2,723,942
Export sales 43,074 39,513 32,676
Non-merchandise 1,809 23,336 18,160
Selling, general and administrative:      
Warehouse club and other operations 378,161 359,221 323,178
General and administrative 133,185 125,416 106,776
Pre-opening expenses 1,471 849 1,545
Loss on disposal of assets 1,265 1,027 443
Total operating expenses 3,899,027 3,461,851 3,206,720
Operating income 167,066 158,020 122,468
Other expense:      
Interest income 2,201 1,979 2,031
Interest expense (9,611) (7,210) (7,625)
Other expense, net (3,235) (5,603) (834)
Total other expense (10,645) (10,834) (6,428)
Income before provision for income taxes and loss of unconsolidated affiliates 156,421 147,186 116,040
Provision for income taxes (51,858) (48,969) (37,764)
Loss of unconsolidated affiliates (10) (58) (95)
Net income 104,553 98,159 78,181
Less: net income attributable to noncontrolling interest (19) (196) (72)
Net income attributable to PriceSmart, Inc. $ 104,534 $ 97,963 $ 78,109
Net income attributable to PriceSmart, Inc. per share available for distribution:      
Basic $ 3.38 $ 3.18 $ 2.55
Diluted $ 3.38 $ 3.18 $ 2.55
Shares used in per share computations:      
Basic 30,591 30,403 30,259
Diluted 30,600 30,403 30,259
Dividends per share $ 0.86 $ 0.70 $ 0.70