PriceSmart has mixed Q1

San Diego – PriceSmart Inc. reported mixed results for the first quarter of fiscal 2015, missing Wall Street expectations for net income but exceeding revenue forecasts. Net income totaled $20.65 million, down 4% from $21.43 million.



Higher income taxes and expenses drove the decline in profit. Total revenues fared better, growing 8% to $656 million, from $605.6 million. Same-store sales rose 1.5%.