| | Business Summary | | PriceSmart,
Inc.'s
business
consists
of
international
membership
shopping
stores
similar
to,
but
smaller
in
size
than,
warehouse
clubs
in
the
United
States.
As
of
December
2000,
the
Company
had
17
warehouse
stores
in
operation
(four
in
Panama,
three
in
Costa
Rica
and
the
Dominican
Republic,
two
each
in
El
Salvador,
Honduras,
and
Guatemala,
and
one
in
Trinidad),
of
which
the
Company
owns
at
least
a
majority
interest.
The
Company
increased
its
ownership
from
51%
to
100%
in
the
operations
in
Panama
on
March
27,
2000
and
increased
its
ownership
from
60%
to
100%
in
the
operations
in
Costa
Rica,
Dominican
Republic,
El
Salvador
and
Honduras
on
July
7,
2000.
In
addition,
there
were
six
warehouse
stores
in
operation
(five
in
China
and
one
in
Saipan)
licensed
to
and
operated
by
local
businesspeople
as
of
August
31,
2000.
Additionally,
until
March
1,
2000,
the
Company
operated
a
domestic
travel
program,
and
until
April
1,
1999,
the
Company
operated
a
domestic
auto
referral
business. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | PriceSmart,
Inc.
is
primarily
engaged
in
the
operation
of
membership
shopping
warehouses
in
international
markets.
As
of
12/00,
the
Company
operated
17
warehouses
and
six
warehouses
were
operated
by
local
business
people.
For
the
nine
months
ended
5/31/01,
revenues
rose
70%
to
$352.8
million.
Net
income
before
extraordinary
item
totaled
$3
million
vs.
a
loss
of
$859
thousand.
Results
reflect
the
opening
of
additional
warehouses
and
improved
operating
margins. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Robert Price, 58
Chairman | -- | -- | Gilbert Partida, 38
Pres,
CEO | $475K | -- | Allan Youngberg, 48
CFO,
Exec. VP | 270K | -- | Kurt May, 47
COO,
Exec. VP | 285K | -- | Robert Gans, 51
Exec.
VP, Sec., and Gen. Counsel | 234K | $214K | | Dollar
amounts are as of 31-Aug-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/p/psmt.gif)