PriceSmart Inc. (NASDAQ:PSMT) Q2 2020 Earnings Conference Call - Final Transcript

Apr 09, 2020 • 12:00 pm ET


PriceSmart Inc. (NASDAQ:PSMT) Q2 2020 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript

Michael McCleary

we have in place are the right ones. These results highlighted that sales, margins and membership renewals continue to show strong results and strengthen the core of our business. With that said, our environment has suddenly changed with the outbreak of COVID-19. With each passing week during this crisis, we continue to evolve and adapt to the ever changing landscape we face, find ourselves in. We will continue to focus on the fixed rates, our employees, our members and our communities.

We will keep you updated as the conditions continue to progress in the coming months. As we were -- as we turn to the Q&A section of this call, I would like to remind you all that we have never provided earnings guidance and with this unprecedented situation we are currently enduring, it will be even harder to give you all a good sense as to how severely and for how long our results will be impacted by the situation. In any case, if you have any questions related to how we are executing our COVID-19 response initiatives, we will do our best to answer them. As mentioned at the beginning of this call, we would appreciate it, if you could limit the questions to two per person.

Operator, I will turn it back to you to take up to two questions from each of our callers.