PriceSmart, Inc. (NASDAQ:PSMT) Q1 2023 Earnings Conference Call January 10, 2023 12:00 PM ET

Company Participants

Michael McCleary - CFO

Robert Price - Chairman

Conference Call Participants

Jon Braatz - Kansas City Capital

Hector Maya - Scotiabank

Operator

Good afternoon, everyone, and welcome to PriceSmart, Inc.'s Earnings Release Conference Call for the First Quarter of Fiscal Year 2023, which ended on November 30th, 2022.

After remarks from our Company's representatives Robert Price, Chairman, and Michael McCleary, Chief Financial Officer, you will be given an opportunity to ask questions as time permits.

As a reminder this conference call is limited to one hour and is being recorded today, Tuesday, January 10, 2023. A digital replay will be available following the conclusion of today's conference call through January 17, 2023, by dialing 1-877-344-7529 for domestic callers or 1-412-317-0088 for international callers and by entering the replay access code 6032359.

For opening remarks, I would like to turn the call over to PriceSmart's Chief Financial Officer, Michael McCleary. Please proceed, sir.

Michael McCleary

Thank you, operator, and welcome to the PriceSmart earnings call for the first quarter of fiscal year 2023 that ended on November 30, 2022. We will be discussing the information that we provided in our earnings press release and our 10-Q, which were both released yesterday afternoon, January 9, 2023. You can find these documents on our Investor Relations website at investors.pricesmart.com, where you can also sign-up for e-mail alerts.

As a reminder, all statements made on this conference call other than statements of historical fact are forward-looking statements concerning the Company's anticipated plans, revenues, and related matters. Forward-looking statements include but are not limited to, statements containing the words, expect, believe, plan, will, may, should, estimate and some other expressions. All forward-looking statements are based on current expectations and assumptions as of today, January 10, 2023. These statements are subject to risks and uncertainties that could cause actual results to differ materially, including the risks detailed in the Company's most recent Annual Report on Form 10-K, the quarterly report filed on Form 10-Q yesterday and other filings with the SEC, which are accessible on the SEC's website at www.sec.gov. These risks may be updated from time-to-time. The Company undertakes no obligations to update forward-looking statements made during this call.

Now I will turn the call over to Robert Price, PriceSmart's Chairman of the Board.

Robert Price

Thank you, Michael. Hello, everyone, and welcome to our first quarter of fiscal 2023 earnings call.