PriceSmart Inc. (NASDAQ:PSMT) Q3 2019 Earnings Conference Call - Final Transcript

Jul 10, 2019 • 08:00 pm ET

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PriceSmart Inc. (NASDAQ:PSMT) Q3 2019 Earnings Conference Call - Final Transcript

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Q & A
Executive
Maarten O. Jager

that goes through free trade zones. And so that's not subject to tariffs, but there's other merchandise that we buy from US flyers that in turn came from China that has been subject to tariffs and so if that part of it that we're really focusing on addressing. (multiple speakers)

Analyst
Charlie Carter

But, I guess... (multiple speakers) Yeah, it does, but I guess I'm looking at it competitively, so anybody that you're competing with on the same product-by-product or SKU-by-SKU, they would be buying from the US as well, so it's not as if you would be disadvantaged by tariffs, because you're sourcing through the US in some ways.

Executive
Maarten O. Jager

I think, competitively, that's right, but of course with a lens on member value we're looking for alternative ways of flowing that merchandise and trying to leverage our supply chain as effectively as possible, including the free trade zones that we have.

Executive
Sherry S. Bahrambeygui

And we can source that merchandise and avoid the tariffs all together. But obviously there's a bias in favor of doing that and by having that Costa Rica RDC that allows us to do that more effectively.

Executive
Maarten O. Jager

Okay. Thank you very much. Operator, I don't think there are any more questions in the queue.

Operator
Operator

That is correct. This concludes the question-and-answer session. At this time, I would like to turn the conference back over to the management team for any closing remarks.

Executive
Sherry S. Bahrambeygui

I'd just like to say thank you all for your time this morning. We're very excited about the prospects for us moving forward. We're all very committed to working hard on behalf of our members, our employees, and ultimately our shareholders. Have a good day.

Executive
Maarten O. Jager

Thank you.

Operator
Operator

The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.