PriceSmart Q3 profits stay flat

San Diego – Net income at warehouse club retailer PriceSmart Inc. stayed essentially flat at $21.2 million during the third quarter of fiscal 2015, compared to $21.3 million in the prior year period. Meanwhile, total revenues rose 13% to $697.1 million, from to $615 million.



Higher income taxes kept PriceSmart’s profits flat even as rising export sales and membership income boosted total revenues. Same-store sales increased 4% during June 2015, compared to the same month in the previous year.