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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2023
Feb. 28, 2022
Revenues:        
Total revenues $ 1,142,189,000 $ 1,038,557,000 $ 2,196,995,000 $ 2,013,913,000
Selling, general and administrative:        
Warehouse club and other operations 103,630,000 93,993,000 200,522,000 185,189,000
General and administrative 32,759,000 33,951,000 65,931,000 65,644,000
Separation costs associated with Chief Executive Officer departure 7,747,000 0 7,747,000 0
Pre-opening expenses 89,000 130,000 89,000 1,100,000
Loss on disposal of assets 139,000 313,000 297,000 724,000
Total operating expenses 1,088,389,000 990,235,000 2,087,668,000 1,919,574,000
Operating income 53,800,000 48,322,000 109,327,000 94,339,000
Other income (expense):        
Interest income 1,942,000 549,000 3,099,000 1,067,000
Interest expense (2,814,000) (2,438,000) (5,563,000) (4,028,000)
Other income (expense), net (5,344,000) (819,000) (9,910,000) 590,000
Total other expense (6,216,000) (2,708,000) (12,374,000) (2,371,000)
Income before provision for income taxes and loss of unconsolidated affiliates 47,584,000 45,614,000 96,953,000 91,968,000
Provision for income taxes (16,202,000) (14,139,000) (32,628,000) (29,953,000)
Loss of unconsolidated affiliates (35,000) (14,000) (73,000) (24,000)
Net income 31,347,000 31,461,000 64,252,000 61,991,000
Less: Net income attributable to noncontrolling interest 0 0 0 (19,000)
Net income attributable to PriceSmart, Inc. $ 31,347,000 $ 31,461,000 $ 64,252,000 $ 61,972,000
Net income attributable to PriceSmart, Inc. per share available for distribution:        
Basic (in dollars per share) $ 1.02 $ 1.03 $ 2.07 $ 2.01
Diluted (in dollars per share) $ 1.02 $ 1.03 $ 2.07 $ 2.01
Shares used in per share computations:        
Basic (in shares) 30,741 30,578 30,727 30,565
Diluted (in shares) 30,760 30,582 30,740 30,593
Net merchandise sales        
Revenues:        
Total revenues $ 1,115,999,000 $ 1,011,896,000 $ 2,141,462,000 $ 1,955,939,000
Cost of goods sold:        
Cost of goods sold 937,462,000 853,633,000 1,796,530,000 1,646,826,000
Export sales        
Revenues:        
Total revenues 6,882,000 8,674,000 17,340,000 19,208,000
Cost of goods sold:        
Cost of goods sold 6,563,000 8,215,000 16,552,000 18,282,000
Membership income        
Revenues:        
Total revenues 16,176,000 15,071,000 32,071,000 29,862,000
Other revenue and income        
Revenues:        
Total revenues 3,132,000 2,916,000 6,122,000 8,904,000
Non-merchandise        
Cost of goods sold:        
Cost of goods sold $ 0 $ 0 $ 0 $ 1,809,000