PriceSmart, Inc. (NASDAQ:PSMT) Q2 2024 Earnings Conference Call April 10, 2024 12:00 PM ET

Company Participants

Michael McCleary - EVP and CFO
Robert Price - Interim CEO

Conference Call Participants

Jon Braatz - Oppenheimer
Hector Maya - Scotiabank

Operator

Good afternoon, everyone, and welcome to PriceSmart Incorporated's Earnings Release Conference Call for the Second Quarter of Fiscal Year 2024, which ended on February 29, 2024.

After remarks from our company's representatives, Robert Price, Interim Chief Executive Officer 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, Wednesday, April 10th, 2024. A digital replay will be available following the conclusion of today's conference call through April 17, 2024 by dialing 1-(888)-660-6264 for domestic callers or 1-(646)-517-3975 for international callers and by entering the replay access code 59511#.

For opening remarks, I'd 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 PriceSmart, Inc.'s earnings call for the Second Quarter of Fiscal Year 2024, which ended on February 29, 2024. We will be discussing the information that we provided in our earnings press release and our 10-Q, which were both released yesterday afternoon, April 9, 2024. Also, in these remarks, we refer to non-GAAP financial measures. You can find a reconciliation of our non-GAAP financial measures to the most directly comparable GAAP measures in our earnings press release and our 10-Q. These documents are available on our investor relations website at investors.pricesmart.com where you can also sign up for email 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, April 10, 2024. 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 on Form 10-Q filed 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 obligation to update forward-looking statements made during this call.