2024 Q4 Form 10-Q Financial Statement

#000104180325000007 Filed on January 08, 2025

View on sec.gov

Income Statement

Concept 2024 Q4
Revenue $1.258B
YoY Change 7.84%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.86M
YoY Change 7.02%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit $58.26M
YoY Change 0.08%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$7.331M
YoY Change 244.83%
Pretax Income $50.93M
YoY Change -9.28%
Income Tax $13.50M
% Of Pretax Income 26.5%
Net Earnings $37.43M
YoY Change -1.63%
Net Earnings / Revenue 2.98%
Basic Earnings Per Share $1.21
Diluted Earnings Per Share $1.21
COMMON SHARES
Basic Shares Outstanding 30.69M shares
Diluted Shares Outstanding 30.02M shares

Balance Sheet

Concept 2024 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $120.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $585.9M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $892.5M
YoY Change 1.33%
LONG-TERM ASSETS
Property, Plant & Equipment $934.1M
YoY Change 6.94%
Goodwill $43.22M
YoY Change 0.19%
Intangibles
YoY Change
Long-Term Investments $6.877M
YoY Change -34.77%
Other Assets $63.77M
YoY Change -6.39%
Total Long-Term Assets $1.195B
YoY Change 4.07%
TOTAL ASSETS
Total Short-Term Assets $892.5M
Total Long-Term Assets $1.195B
Total Assets $2.088B
YoY Change 2.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $537.1M
YoY Change 2.78%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $7.764M
YoY Change -15.6%
Long-Term Debt Due $22.06M
YoY Change -37.48%
Total Short-Term Liabilities $707.6M
YoY Change 0.34%
LONG-TERM LIABILITIES
Long-Term Debt $93.57M
YoY Change -6.16%
Other Long-Term Liabilities $14.65M
YoY Change 0.91%
Total Long-Term Liabilities $108.2M
YoY Change -5.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $707.6M
Total Long-Term Liabilities $108.2M
Total Liabilities $929.1M
YoY Change -1.89%
SHAREHOLDERS EQUITY
Retained Earnings $927.7M
YoY Change 8.43%
Common Stock $519.0M
YoY Change 3.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.159B
YoY Change
Total Liabilities & Shareholders Equity $2.088B
YoY Change 2.88%

Cashflow Statement

Concept 2024 Q4
OPERATING ACTIVITIES
Net Income $37.43M
YoY Change -1.63%
Depreciation, Depletion And Amortization $20.86M
YoY Change 7.02%
Cash From Operating Activities $38.53M
YoY Change -6.25%
INVESTING ACTIVITIES
Capital Expenditures $28.18M
YoY Change -15.37%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$29.31M
YoY Change -2.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $19.94M
YoY Change 311.28%
Cash From Financing Activities -$17.59M
YoY Change -76.39%
NET CHANGE
Cash From Operating Activities $38.53M
Cash From Investing Activities -$29.31M
Cash From Financing Activities -$17.59M
Net Change In Cash $150.0K
YoY Change -100.23%
FREE CASH FLOW
Cash From Operating Activities $38.53M
Capital Expenditures $28.18M
Free Cash Flow $10.35M
YoY Change 32.71%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">– The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. These estimates and assumptions take into account historical and forward-looking factors that the Company believes are reasonable. Actual results could differ from those estimates and assumptions.</span></div>
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CY2024Q4 us-gaap Lessor Operating Lease Lease Not Yet Commenced Term Of Contract1
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P20Y
CY2024Q4 us-gaap Lessee Operating Lease Lease Not Yet Commenced Renewal Term1
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P5Y
CY2024Q4 psmt Land Purchase Option Number Of Agreements
LandPurchaseOptionNumberOfAgreements
5 agreement
CY2024Q4 us-gaap Purchase Options Land
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16600000 usd
CY2024Q4 psmt Number Of Facilities In A Committed Credit Agreement
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1 facility
CY2024Q4 psmt Number Of Banks In Committed Credit Facility
NumberOfBanksInCommittedCreditFacility
1 bank
CY2024Q4 us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.0025
CY2024Q4 us-gaap Goodwill
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CY2024Q4 us-gaap Depreciation
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CY2024Q4 us-gaap Operating Income Loss
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58260000 usd
CY2024Q4 us-gaap Net Income Loss
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CY2024Q4 us-gaap Assets
Assets
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CY2024Q4 us-gaap Segment Expenditure Addition To Long Lived Assets
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28372000 usd
CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q4 us-gaap Depreciation
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19494000 usd
CY2024Q3 us-gaap Long Term Debt Current
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35917000 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
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94443000 usd
CY2024Q3 us-gaap Long Term Debt
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130360000 usd
CY2024Q4 psmt Proceeds From Issuance Of Long Term Debt Current
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1760000 usd
CY2024Q4 psmt Proceeds From Issuance Of Long Term Debt Noncurrent
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3681000 usd
CY2024Q4 us-gaap Proceeds From Issuance Of Long Term Debt
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5441000 usd
CY2024Q4 psmt Repayments Of Long Term Debt Current
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15832000 usd
CY2024Q4 psmt Repayments Of Long Term Debt Noncurrent
RepaymentsOfLongTermDebtNoncurrent
4111000 usd
CY2024Q4 us-gaap Repayments Of Long Term Debt
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19943000 usd
CY2024Q4 psmt Reclassification Of Long Term Debt Current
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225000 usd
CY2024Q4 psmt Reclassification Of Long Term Debt Noncurrent
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-225000 usd
CY2024Q4 psmt Reclassification Of Long Term Debt
ReclassificationOfLongTermDebt
0 usd
CY2024Q4 psmt Translation Adjustment On Foreign Currency Debt Current
TranslationAdjustmentOnForeignCurrencyDebtCurrent
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CY2024Q4 psmt Translation Adjustment On Foreign Currency Debt Noncurrent
TranslationAdjustmentOnForeignCurrencyDebtNoncurrent
-221000 usd
CY2024Q4 psmt Translation Adjustment On Foreign Currency Debt
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CY2024Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
22055000 usd
CY2024Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
93567000 usd
CY2024Q4 us-gaap Long Term Debt
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115622000 usd
CY2024Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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22055000 usd
CY2024Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
18119000 usd
CY2024Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
38576000 usd
CY2024Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
8977000 usd
CY2024Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
4466000 usd
CY2024Q4 psmt Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
23429000 usd
CY2024Q4 us-gaap Long Term Debt
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115622000 usd
CY2024Q4 us-gaap Number Of Stores
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54 warehouse
CY2024Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1257944000 usd
CY2024Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q4 ecd Non Rule10b51 Arr Adopted Flag
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false
CY2024Q4 ecd Non Rule10b51 Arr Trmntd Flag
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false
CY2024Q4 ecd Rule10b51 Arr Trmntd Flag
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false
CY2024Q4 dei Current Fiscal Year End Date
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CY2024Q4 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2025
CY2024Q4 dei Document Fiscal Period Focus
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Q1
CY2024Q4 dei Amendment Flag
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false
CY2024Q4 dei Document Quarterly Report
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true
CY2024Q4 dei Document Period End Date
DocumentPeriodEndDate
2024-11-30
CY2024Q4 dei Local Phone Number
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404-8800
CY2024Q4 dei Security12b Title
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Common Stock, $0.0001 par value
CY2024Q4 dei Trading Symbol
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PSMT
CY2024Q4 dei Security Exchange Name
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NASDAQ
CY2024Q4 dei Entity Current Reporting Status
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Yes
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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125364000 usd
CY2024Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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3309000 usd
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2024Q4 us-gaap Short Term Investments
ShortTermInvestments
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CY2024Q3 us-gaap Short Term Investments
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57910000 usd
CY2024Q3 us-gaap Assets Current
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CY2024Q4 us-gaap Property Plant And Equipment Net
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934087000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
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936108000 usd
CY2024Q4 us-gaap Operating Lease Right Of Use Asset
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100202000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
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38079000 usd
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4018000 usd
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6516000 usd
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7519000 usd
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7370000 usd
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13090000 usd
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12742000 usd
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14651000 usd
CY2024Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
14842000 usd
CY2024Q4 us-gaap Liabilities
Liabilities
929104000 usd
CY2024Q3 us-gaap Liabilities
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899729000 usd
CY2024Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2024Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
45000000 shares
CY2024Q3 us-gaap Common Stock Shares Authorized
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CY2024Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2024Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
927700000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
890272000 usd
CY2024Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
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CY2024Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
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CY2024Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
120554000 usd
CY2024Q3 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
117262000 usd
CY2024Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2087682000 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
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2022694000 usd
CY2024Q4 dei Document Transition Report
DocumentTransitionReport
false
CY2024Q4 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2024Q4 dei Entity Shell Company
EntityShellCompany
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
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CY2024Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
120943000 usd
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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CY2024Q4 us-gaap Goodwill
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CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
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CY2024Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
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CY2024Q4 us-gaap Derivative Liabilities Current
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CY2024Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
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CY2024Q4 dei Entity Central Index Key
EntityCentralIndexKey
0001041803
CY2024Q3 us-gaap Derivative Asset Current Statement Of Financial Position Extensible Enumeration
DerivativeAssetCurrentStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssetsCurrent
CY2024Q4 us-gaap Derivative Asset Noncurrent Statement Of Financial Position Extensible Enumeration
DerivativeAssetNoncurrentStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent
CY2024Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
514542000 usd
CY2024Q4 us-gaap Derivative Liability Current Statement Of Financial Position Extensible Enumeration
DerivativeLiabilityCurrentStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#OtherAccruedLiabilitiesCurrent
CY2024Q3 us-gaap Derivative Liability Noncurrent Statement Of Financial Position Extensible Enumeration
DerivativeLiabilityNoncurrentStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent
CY2024Q3 us-gaap Derivative Asset Noncurrent Statement Of Financial Position Extensible Enumeration
DerivativeAssetNoncurrentStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent
CY2024Q4 us-gaap Assets Current
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892524000 usd
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DerivativeAssetsNoncurrent
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CY2024Q3 us-gaap Other Assets Noncurrent
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CY2024Q4 us-gaap Equity Method Investments
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CY2024Q3 us-gaap Equity Method Investments
EquityMethodInvestments
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CY2024Q4 us-gaap Long Term Debt Current
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CY2024Q4 us-gaap Common Stock Shares Issued
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CY2024Q3 us-gaap Common Stock Shares Issued
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CY2024Q4 us-gaap Common Stock Shares Outstanding
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CY2024Q3 us-gaap Common Stock Shares Outstanding
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CY2024Q4 us-gaap Common Stock Value
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CY2024Q3 us-gaap Common Stock Value
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CY2024Q3 us-gaap Stockholders Equity
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CY2024Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1257944000 usd
CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q4 us-gaap General And Administrative Expense
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CY2024Q4 psmt Pre Opening Costs Returns
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CY2023Q4 psmt Pre Opening Costs Returns
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CY2024Q4 us-gaap Gain Loss On Disposition Of Assets
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CY2023Q4 us-gaap Gain Loss On Disposition Of Assets
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CY2023Q4 us-gaap Costs And Expenses
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CY2024Q4 us-gaap Operating Income Loss
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CY2023Q4 us-gaap Operating Income Loss
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CY2024Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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50929000 usd
CY2023Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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56137000 usd
CY2024Q4 us-gaap Income Tax Expense Benefit
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CY2023Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2023Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2024Q4 us-gaap Net Income Loss
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CY2023Q4 us-gaap Net Income Loss
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CY2023Q4 us-gaap Earnings Per Share Basic
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CY2024Q4 us-gaap Earnings Per Share Diluted
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CY2023Q4 us-gaap Earnings Per Share Diluted
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CY2024Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30020000 shares
CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30269000 shares
CY2024Q4 us-gaap Net Income Loss
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37428000 usd
CY2023Q4 us-gaap Net Income Loss
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78000 usd
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CY2023Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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1174000 usd
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2140000 usd
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CY2024Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2024Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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6882000 usd
CY2024Q3 us-gaap Assets
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CY2024Q4 dei Entity Incorporation State Country Code
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DE
CY2024Q4 dei Entity Tax Identification Number
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33-0628530
CY2024Q4 dei Entity Address Address Line1
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9740 Scranton Road
CY2024Q4 dei Entity Address City Or Town
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San Diego
CY2024Q4 dei Entity Address State Or Province
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CA
CY2024Q4 dei Entity Address Postal Zip Code
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92121
CY2024Q4 dei City Area Code
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858
CY2024Q4 dei Entity Interactive Data Current
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Yes
CY2024Q4 dei Entity Small Business
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false
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2024Q4 psmt Prepaid Expenses And Other Current Assets Fair Value Of Derivative Instruments
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1754000 usd
CY2024Q3 psmt Prepaid Expenses And Other Current Assets Fair Value Of Derivative Instruments
PrepaidExpensesAndOtherCurrentAssetsFairValueOfDerivativeInstruments
4480000 usd
CY2024Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
57564000 usd
CY2024Q4 us-gaap Assets
Assets
2087682000 usd
CY2024Q3 us-gaap Assets
Assets
2022694000 usd
CY2024Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
7764000 usd
CY2024Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
8007000 usd
CY2024Q4 dei Entity File Number
EntityFileNumber
000-22793
CY2024Q4 dei Document Type
DocumentType
10-Q
CY2024Q4 dei Entity Registrant Name
EntityRegistrantName
PriceSmart, Inc.
CY2024Q4 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2024Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
23606000 usd
CY2024Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
18847000 usd
CY2024Q4 us-gaap Inventory Net
InventoryNet
585850000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
528678000 usd

Files In Submission

Name View Source Status
0001041803-25-000007-index-headers.html Edgar Link pending
0001041803-25-000007-index.html Edgar Link pending
0001041803-25-000007.txt Edgar Link pending
0001041803-25-000007-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
psmt-20241130.htm Edgar Link pending
psmt-20241130.xsd Edgar Link pending
psmt-20241130xexx311.htm Edgar Link pending
psmt-20241130xexx312.htm Edgar Link pending
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report.css Edgar Link pending
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psmt-20241130_htm.xml Edgar Link completed
psmt-20241130_def.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
psmt-20241130_cal.xml Edgar Link unprocessable
psmt-20241130_pre.xml Edgar Link unprocessable