<SEC-DOCUMENT>0001041803-17-000041.txt : 20171207
<SEC-HEADER>0001041803-17-000041.hdr.sgml : 20171207
<ACCEPTANCE-DATETIME>20171207112336
ACCESSION NUMBER:		0001041803-17-000041
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20171207
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20171207
DATE AS OF CHANGE:		20171207

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRICESMART INC
		CENTRAL INDEX KEY:			0001041803
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-VARIETY STORES [5331]
		IRS NUMBER:				330628530
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22793
		FILM NUMBER:		171244035

	BUSINESS ADDRESS:	
		STREET 1:		9740 SCRANTON ROAD
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92121
		BUSINESS PHONE:		8584048800

	MAIL ADDRESS:	
		STREET 1:		9740 SCRANTON ROAD
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92121
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>psmt-20171207x8k.htm
<DESCRIPTION>8-K
<TEXT>
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		<title>
			8K November 2017 (FY18) Sales_Conf Call Info
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			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;font-size:18pt;">UNITED STATES</font><a name="bm_8K_Second_Quarter_FY15_and_March_Sale"></a>
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			<font style="display: inline;font-weight:bold;font-size:18pt;">SECURITIES AND EXCHANGE COMMISSION</font>
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			<font style="display: inline;font-weight:bold;">Washington, D.C. 20549</font>
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			<font style="display: inline;font-weight:bold;font-size:18pt;">FORM 8-K</font>
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			<font style="display: inline;font-weight:bold;">CURRENT REPORT</font>
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			<font style="display: inline;font-weight:bold;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font>
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			<font style="display: inline;">Date of Report (Date of earliest event reported): </font><font style="display: inline;">December 7</font><font style="display: inline;">, 2017</font>
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		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 24pt">
			<font style="display: inline;font-weight:bold;font-size:24pt;">PriceSmart,&nbsp;Inc.</font>
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			<font style="display: inline;font-weight:bold;">(Exact name of registrant as specified in its charter)</font>
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						<font style="display: inline;font-weight:bold;color:#000000;">Delaware</font></p>
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					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;color:#000000;">000-22793</font></p>
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						<font style="display: inline;font-weight:bold;">(State or Other Jurisdiction of</font></p>
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;">Incorporation)</font></p>
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						<font style="display: inline;font-weight:bold;color:#000000;">(Commission File Number)</font></p>
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						<font style="display: inline;font-weight:bold;">Identification No.)</font></p>
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						&nbsp;</p>
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			<font style="display: inline;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;">9740 Scranton Road, San Diego, CA 92121</font>
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		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;">(Address of Principal Executive Offices, including Zip Code)</font>
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			<font style="display: inline;font-weight:bold;">&#xFEFF;</font>
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			<font style="display: inline;">Registrant's telephone number, including area code: (858) 404-8800</font>
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			<font style="display: inline;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</font>
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					<p style="margin:6pt 0pt 0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;color:#000000;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
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						<font style="display: inline;color:#000000;">&#x2610;</font></p>
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					<p style="margin:6pt 0pt 0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;color:#000000;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
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					<p style="margin:6pt 0pt 0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;color:#000000;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2)(b))</font></p>
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					<p style="margin:6pt 0pt 0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;color:#000000;">&#x2610;</font></p>
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					<p style="margin:6pt 0pt 0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;color:#000000;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
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		<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
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		<p style="margin:0pt 0pt 8pt;line-height:107.92%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (&#xA7;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#xA7;240.12b-2 of this chapter). </font>
		</p>
		<p style="margin:0pt 0pt 8pt;line-height:107.92%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">Emerging growth company&nbsp;</font><font style="display: inline;font-family:Segoe UI Symbol;">&#x2610;</font><font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt 0pt 8pt;line-height:107.92%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &nbsp;</font><font style="display: inline;font-family:Segoe UI Symbol;">&#x2610;</font><font style="display: inline;"> &nbsp; &nbsp; </font>
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		<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
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		<p style="margin:0pt;line-height:231.67%;font-family:Times New Roman;font-size: 10pt">
			<a name="sbc4310bd26964d4a9980f4e04ad72f62"></a><font style="display: inline;font-family:inherit;font-weight:bold;">Item 2.02. Results of Operations and Financial Condition.</font>
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		<p style="margin:0pt;text-indent:22.3pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:inherit;">On December </font><font style="display: inline;font-family:inherit;">7</font><font style="display: inline;font-family:inherit;">, 201</font><font style="display: inline;font-family:inherit;">7</font><font style="display: inline;font-family:inherit;">, PriceSmart, Inc. issued a press release regarding its net warehouse club sales for the month ended November 30, 201</font><font style="display: inline;font-family:inherit;">7</font><font style="display: inline;font-family:inherit;">. A copy of the press release is furnished herewith as Exhibit 99.1. Pursuant to the rules and regulations of the Securities and Exchange Commission, such exhibit and the information set forth therein and herein shall be deemed &#x201C;furnished&#x201D; and not &#x201C;filed&#x201D; for purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that section.</font>
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		<p style="margin:0pt;line-height:120%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:173.75%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:inherit;font-weight:bold;">Item 9.01. Financial Statements and Exhibits. </font>
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				<td valign="bottom" style="width:24.80pt;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-family:inherit;">(d)</font></p>
				</td>
				<td valign="bottom" style="width:09.25pt;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:303.20pt;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-family:inherit;">The following exhibit is furnished herewith:</font></p>
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			</tr>
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		<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:173.75%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&#xFEFF;</font>
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		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;">
			<tr>
				<td valign="bottom" style="width:52.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:1.00pt">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size: 10pt">
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				<td valign="bottom" style="width:06.05pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:1.00pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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				<td valign="bottom" style="width:269.60pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:1.8pt 1.8pt 1.8pt 1.8pt;height:1.00pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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			</tr>
			<tr>
				<td valign="bottom" style="width:52.90pt;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
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					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-family:inherit;font-weight:bold;text-decoration:underline;">No.</font></p>
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				<td valign="bottom" style="width:06.05pt;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:269.60pt;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-family:inherit;font-weight:bold;text-decoration:underline;">Description</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:52.90pt;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-family:inherit;">99.1</font></p>
				</td>
				<td valign="bottom" style="width:06.05pt;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
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				<td valign="bottom" style="width:269.60pt;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-family:inherit;">Press Release of PriceSmart, Inc. dated </font><font style="display: inline;font-family:inherit;">December 7</font><font style="display: inline;font-family:inherit;">, 201</font><font style="display: inline;font-family:inherit;">7</font><font style="display: inline;font-family:inherit;">.</font></p>
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			<font style="display: inline;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">

		</p>
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			<font style="display: inline;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:231.67%;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:inherit;font-weight:bold;">SIGNATURES </font>
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		<p style="margin:0pt;line-height:231.67%;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:inherit;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. </font>
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		<p style="margin:0pt;line-height:120%;font-family:Times New Roman;font-size: 10pt">
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		<p style="margin:0pt;line-height:120%;text-align:center;font-family:Times New Roman;font-size: 10pt">
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						<font style="display: inline;">ec</font></p>
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						&nbsp;</p>
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						&nbsp;</p>
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						&nbsp;</p>
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				<td valign="middle" style="width:62.78%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						&nbsp;</p>
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			<tr>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-family:inherit;">Date: </font><font style="display: inline;font-family:inherit;">December </font><font style="display: inline;font-family:inherit;">7</font><font style="display: inline;font-family:inherit;">, 201</font><font style="display: inline;font-family:inherit;">7</font></p>
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						<font style="display: inline;font-family:inherit;">/S/ JOHN M. HEFFNER</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
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				<td valign="bottom" style="width:01.96%;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
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				<td valign="bottom" style="width:62.78%;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
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			<tr>
				<td valign="bottom" style="width:35.26%;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
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				<td valign="bottom" style="width:01.96%;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
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				<td valign="bottom" style="width:62.78%;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-family:inherit;">Executive Vice President and Chief Financial Officer</font></p>
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			</tr>
			<tr>
				<td valign="bottom" style="width:35.26%;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
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				<td valign="bottom" style="width:01.96%;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
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				<td valign="bottom" style="width:62.78%;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
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						<font style="display: inline;font-family:inherit;">(Principal Financial Officer and</font></p>
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			<tr>
				<td valign="bottom" style="width:35.26%;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.96%;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
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				<td valign="bottom" style="width:62.78%;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
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			<font style="display: inline;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">

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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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						&nbsp;</p>
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				<td valign="middle" style="width:51.95pt;padding:0pt;">
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						&nbsp;</p>
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				<td valign="middle" style="width:275.55pt;padding:0pt;">
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						&nbsp;</p>
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						<font style="display: inline;font-family:inherit;font-weight:bold;text-decoration:underline;">Number</font></p>
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				<td valign="bottom" style="width:05.55pt;padding:1.8pt 1.8pt 1.8pt 1.8pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
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					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-family:inherit;">Press Release of PriceSmart, Inc. dated </font><font style="display: inline;font-family:inherit;">December</font><font style="display: inline;font-family:inherit;"> &nbsp;7</font><font style="display: inline;font-family:inherit;">, 201</font><font style="display: inline;font-family:inherit;">7</font><font style="display: inline;font-family:inherit;">.</font></p>
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			Exhibit 991_November 2017 (FY18) Sales_Conf Call Info
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			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;">P</font><font style="display: inline;font-weight:bold;">r</font><font style="display: inline;font-weight:bold;">i</font><font style="display: inline;font-weight:bold;">ce</font><font style="display: inline;font-weight:bold;">S</font><font style="display: inline;font-weight:bold;">m</font><font style="display: inline;font-weight:bold;">a</font><font style="display: inline;font-weight:bold;">rt</font><font style="display: inline;font-weight:bold;">&nbsp;</font><font style="display: inline;font-weight:bold;">A</font><font style="display: inline;font-weight:bold;">nnou</font><font style="display: inline;font-weight:bold;">n</font><font style="display: inline;font-weight:bold;">ces</font><font style="display: inline;font-weight:bold;">&nbsp;</font><font style="display: inline;font-weight:bold;">N</font><font style="display: inline;font-weight:bold;">ove</font><font style="display: inline;font-weight:bold;">m</font><font style="display: inline;font-weight:bold;">b</font><font style="display: inline;font-weight:bold;">er</font><font style="display: inline;font-weight:bold;">&nbsp;</font><font style="display: inline;font-weight:bold;">Sa</font><font style="display: inline;font-weight:bold;">l</font><font style="display: inline;font-weight:bold;">es;</font>
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		<p style="margin:0pt 117.75pt 0pt 21.7pt;line-height:12.6pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
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		<p style="margin:0pt 5.8pt 0pt 2pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 9pt">
			<font style="display: inline;font-size:9.5pt;">S</font><font style="display: inline;font-size:9.5pt;">an Diego, California (December 7</font><font style="display: inline;font-size:9.5pt;">, 2017) - PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of November 2017, net sales increased </font><font style="display: inline;font-size:9.5pt;">6.4</font><font style="display: inline;font-size:9.5pt;">% to $</font><font style="display: inline;font-size:9.5pt;">261.5</font><font style="display: inline;font-size:9.5pt;"> million from $245.8 million in November a year earlier. For the three months ended November 30, 2017, net sales increased </font><font style="display: inline;font-size:9.5pt;">4.1</font><font style="display: inline;font-size:9.5pt;">% to $</font><font style="display: inline;font-size:9.5pt;">745.4</font><font style="display: inline;font-size:9.5pt;"> million from $716.1 million in the same period last year. There were 40 warehouse clubs in operation at the end of November 2017 compared to 39 warehouse clubs in operation in November 2016.</font>
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			<font style="display: inline;font-size:9.5pt;">For the five weeks ended December 3, 2017, comparable warehouse sales for the 39 warehouse clubs open at least 13 &#xBD; full months </font><font style="display: inline;font-size:9.5pt;">in</font><font style="display: inline;font-size:9.5pt;">creased </font><font style="display: inline;font-size:9.5pt;">2.7</font><font style="display: inline;font-size:9.5pt;">% compared to the same five-week period last year. For the thirteen-week period ended December 3, 2017, comparable warehouse sales </font><font style="display: inline;font-size:9.5pt;">increased 2.2% compared</font><font style="display: inline;font-size:9.5pt;"> to the thirteen-week period a year ago.</font>
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			<font style="display: inline;font-size:9.5pt;">PriceSmart also announced that it plans to release first quarter fiscal year 2018 financial resu</font><font style="display: inline;font-size:9.5pt;">lts on Thursday, January 4, 2018</font><font style="display: inline;font-size:9.5pt;">, after the market closes. PriceSmart management plans to host a conference call at 12:00 p.m. Eastern time (9:00 a.m. Pacific time) on Friday, January 5, 2018, to discuss the financial results. Individuals interested in participating in the conference call may do so by dialing (855) 209-8211 toll free, or (412) 317-5214 for international callers, and asking to join the PriceSmart, Inc. call. A digital replay will be available through January 12, 2018, following the conclusion of the call by dialing (877) 344-7529 for domestic callers, or (412) 317-0088 for international callers, and entering replay access code 10114245.</font>
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			<font style="display: inline;">PriceSmart, headquartered in San Diego, owns and operates U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean, selling high quality merchandise at low prices to PriceSmart members. PriceSmart now operates 40 warehouse clubs in 12 countries and one U.S. territory (seven each in Colombia and Costa Rica; five in Panama; four in Trinidad; three each in Guatemala, the Dominican Republic and Honduras; two each in El Salvador and Nicaragua; and one each in Aruba, Barbados, Jamaica and the United States Virgin Islands).</font>
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		<p style="margin:0pt 10.4pt 0pt 1.95pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">This press release may contain forward-looking statements concerning the Company's anticipated future revenues and earnings, adequacy of future cash flow, proposed warehouse club openings, the Company's performance relative to competitors, the outcome of tax proceedings and related matters. These forward-looking statements include, but are not limited to, statements containing the words &#x201C;expect,&#x201D; &#x201C;believe,&#x201D; &#x201C;will,&#x201D; &#x201C;may,&#x201D; &#x201C;should,&#x201D; &#x201C;project,&#x201D; &#x201C;estimate,&#x201D; &#x201C;anticipated,&#x201D; &#x201C;scheduled,&#x201D; and like expressions, and the negative thereof. These statements are subject to risks and uncertainties that could cause actual results to differ materially, including the following risks: </font><font style="display: inline;">our financial performance is dependent on international operations, which exposes us to various risks; any failure by us to manage our widely dispersed operations could adversely affect our business; we face significant competition; future sales growth depends, in part, on our ability to successfully open new warehouse clubs and grow sales in our existing locations; we might not identify in a timely manner or effectively respond to changes in consumer preferences for merchandise, which could adversely affect our relationship with members, demand for our products and market share; although we offer limited online shopping to our members in certain markets, our sales could be adversely affected if one or more major international online retailers were to enter our markets or if other competitors were to offer a superior online experience; failure to grow our e-commerce business through the integration of physical and digital retail or otherwise, and the cost of our increasing e-commerce investments, may materially adversely affect our market position, net sales and financial performance; our profitability is vulnerable to cost increases; we face difficulties in the shipment of, and risks inherent in the importation of, merchandise to our warehouse clubs; we are exposed to weather and other natural disaster risks that might not be adequately compensated by insurance; negative economic conditions could adversely impact our business in various respects; our failure to maintain our brand and reputation could adversely affect our results of operations; we face the risk of exposure to product liability claims, a product recall and adverse publicity; we are subject to risks associated with possible changes in our relationships with third parties with which we do business, as well as the performance of such third parties; </font><font style="display: inline;">we could be subject to additional tax liabilities or subject to reserves on the recoverability of tax receivables</font><font style="display: inline;">; &nbsp;</font><font style="display: inline;font-family:inherit;">we face the possibility of operational interruptions related to union work stoppages; we are subject to volatility in foreign currency exchange rates and limits on our ability to convert foreign currencies into U.S. </font>
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		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 10.4pt 0pt 1.95pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-family:inherit;">dollars; we face compliance risks related to our international operations; we rely extensively on computer systems to process transactions, summarize results and manage our business. Failure to adequately maintain our systems and disruptions in our systems could harm our business and adversely affect our results of operations; w</font><font style="display: inline;">e may experience difficulties implementing our new global enterprise resource planning system</font><font style="display: inline;font-family:inherit;">; any failure by us to maintain the security of the information that we hold relating to our company, members, employees and vendors, whether as a result of cybersecurity attacks on our information systems, failure of internal controls, employee negligence or malfeasance or otherwise, could damage our reputation with members, employees, vendors and others, could disrupt our operations, could cause us to incur substantial additional costs and to become subject to litigation and could materially adversely affect our operating results; </font><font style="display: inline;">we are subject to payment related risks; failure to attract and retain qualified employees, increases in wage and benefit costs, changes in laws and other labor issues could materially adversely affect our financial performance; changes in accounting standards and assumptions, projections, estimates and judgments by management related to complex accounting matters could significantly affect our financial condition and results of operations; a few of our stockholders own approximately 25.3% of our voting stock as of August&nbsp;31, 2017, which may make it difficult to complete some corporate transactions without their support and may impede a change in control.</font><font style="display: inline;"> The risks described above as </font><font style="display: inline;">well </font><font style="display: inline;">as the </font><font style="display: inline;">other</font><font style="display: inline;"> risks detailed in the Company's U.S. Securities and Exchange Commission (&#x201C;SEC&#x201D;) reports, including the Company's Annual Report on </font><font style="display: inline;">Form </font><font style="display: inline;">10- K </font><font style="display: inline;">filed for the </font><font style="display: inline;">fiscal year ended August 31, 2017 filed on October 26, 2017 pursuant to the Securities Exchange </font><font style="display: inline;">Act of </font><font style="display: inline;">1934. We </font><font style="display: inline;">assume </font><font style="display: inline;">no obligation and expressly disclaim any duty to update any forward- looking statement to reflect events </font><font style="display: inline;">or</font><font style="display: inline;"> circumstances after the date </font><font style="display: inline;">of</font><font style="display: inline;"> this presentation </font><font style="display: inline;">or</font><font style="display: inline;"> to reflect the occurrence of unanticipated events.</font>
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			<font style="display: inline;">&#xFEFF;</font>
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			<font style="display: inline;">For further information, please contact John M. Heffner, Principal Financial Officer and Principal Accounting</font>
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			<font style="display: inline;">Officer (858) 404-8826.</font>
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