Gold bars to be exempt from tariffs, White House clarifies
Francisco Velasco, Executive Vice President, GC, and Secretary at PriceSmart (NASDAQ:PSMT), sold 550 shares of common stock on July 7, 2025, at a price of $106.31, totaling $58,470. The sale comes as PriceSmart, with a market capitalization of $3.07 billion, trades near its InvestingPro Fair Value, having delivered a strong year-to-date return of ~14%.
According to a Form 4 filing with the Securities and Exchange Commission, Velasco also acquired 136 shares of PriceSmart common stock on February 2, 2025. These shares were awarded as restricted stock subject to vesting. Separately, 280 shares were forfeited on April 22, 2025, as the vesting requirements were not met. The company maintains strong financial health with a GREAT rating from InvestingPro, which offers comprehensive analysis of 1,400+ stocks through its Pro Research Reports, including detailed insights on PriceSmart’s insider trading patterns and financial metrics.
In other recent news, PriceSmart Inc. reported its Q2 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $1.45, compared to the anticipated $1.40. The company also exceeded revenue forecasts, posting $1.36 billion against a projected $1.34 billion. Net merchandise sales increased by 5.8% year-over-year, while digital channel sales grew by 19.3%. Membership accounts rose by 4.1% to over 1.9 million. Additionally, PriceSmart announced the appointment of Gualberto Hernandez as its new Chief Financial Officer, effective June 1, 2025. Hernandez, who previously held finance roles at The Estée Lauder Companies, will succeed Michael McCleary, who will transition to a consulting role. PriceSmart also plans to open a new warehouse club in Quetzaltenango, Guatemala, this summer, expanding its total number of clubs to 56. These developments reflect PriceSmart’s ongoing growth and strategic initiatives in its core markets.
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