PriceSmart misses on Q4 income, beats Street on revenues

San Diego –- PriceSmart Inc. reported net income of $21.9 million in the fourth quarter of fiscal 2014, up 5% from $20.8 million in the same quarter the prior fiscal year. However, this was still beneath Wall Street expectations.



However, PriceSmart beat Wall Street projections with total revenue of $622.6 million, a 5% hike from $585.4 million. The addition of two new warehouse stores, bringing the total to 33, helped boost revenues.



For the full fiscal year, net income totaled $92.9 million, a 10% from $84.3 million the previous fiscal year. Total revenues climbed 9.5% to $2.5 billion from $2.3 billion.