Pricesmart Extends Its Growth Streak

International warehouse club PriceSmart (NASDAQ: PSMT) has seen its fortunes improve recently as economic growth rates steadied in many of its core Latin American, Caribbean, and Central American markets. The retailer is also benefiting from a sharp rebound in the value of the local Colombian currency.Heading into its fiscal third-quarter results, shareholders were looking for evidence that these positive trends are continuing to lift sales and profits higher.

 

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