Connect with us

Technology

PriceSmart Announces Opening of Fourth Warehouse Club in El Salvador and Earnings Release and Conference Call Details for the Second Quarter of Fiscal 2024

Published

on

SAN DIEGO, March 1, 2024 /PRNewswire/ — PriceSmart, Inc. (“PriceSmart” or the “Company”) (NASDAQ: PSMT) today announced that on February 15, 2024 the Company opened its newest warehouse club in the city of Santa Ana, El Salvador, bringing the total number of warehouse clubs in operation by the Company to 54. The Santa Ana club is the fourth club in El Salvador and was constructed on a five-acre property.

Second Quarter Conference Call Details

PriceSmart plans to release financial results for the second quarter of fiscal year 2024 on Tuesday, April 9, 2024 after the market closes. PriceSmart management will host a conference call at 12:00 p.m. Eastern time (9:00 a.m. Pacific time) on Wednesday, April 10, 2024 to discuss the financial results. Individuals interested in participating in the conference call may do so by dialing toll free (800) 549-8228 or (646) 564-2877 for international callers and asking to join the PriceSmart earnings call. A digital replay will be available shortly following the conclusion of the call through Wednesday, April 17, 2024 by dialing (888) 660-6264 for domestic callers or (646) 517-3975 for international callers and entering replay passcode 59511#.

About PriceSmart

PriceSmart, headquartered in San Diego, owns and operates U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean, selling high quality merchandise and services at low prices to PriceSmart Members. PriceSmart operates 54 warehouse clubs in 12 countries and one U.S. territory (ten in Colombia; eight in Costa Rica; seven in Panama; six in Guatemala; five in the Dominican Republic; four in Trinidad and El Salvador; three in Honduras; two in Nicaragua and Jamaica; and one each in Aruba, Barbados and the United States Virgin Islands).

This press release may contain forward-looking statements concerning PriceSmart, Inc.’s (“PriceSmart”, the “Company” or “we”) anticipated future revenues and earnings, adequacy of future cash flows, future dividends, omni-channel initiatives, proposed warehouse club openings, the Company’s performance relative to competitors and related matters. These forward-looking statements include, but are not limited to, statements containing the words “expect,” “believe,” “will,” “may,” “should,” “project,” “estimate,” “anticipated,” “scheduled,” “intend,” and like expressions, and the negative thereof. These statements are subject to risks and uncertainties that could cause actual results to differ materially including, but not limited to: various political, economic and compliance risks associated with our international operations, adverse changes in economic conditions in our markets, natural disasters, volatility in currency exchange rates and illiquidity of certain local currencies in our markets, competition, consumer and small business spending patterns, political instability, increased costs associated with the integration of online commerce with our traditional business, whether the Company can successfully execute strategic initiatives, our reliance on third party service providers, including those who support transaction and payment processing, data security and other technology services, cybersecurity breaches that could cause disruptions in our systems or jeopardize the security of Member, employee or business information, cost increases from product and service providers, interruption of supply chains, novel coronavirus (COVID-19) related factors and challenges, exposure to product liability claims and product recalls, recoverability of moneys owed to PriceSmart from governments, and other important factors discussed in the Risk Factors section of the Company’s most recent Annual Report on Form 10-K, and other factors discussed from time to time in other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Forward-looking statements speak only as of the date that they are made, and the Company does not undertake to update them, except as required by law.

For further information, please contact Michael L. McCleary, EVP, Chief Financial Officer and Principal Accounting Officer (858) 404-8826 or send an email to ir@pricesmart.com. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/pricesmart-announces-opening-of-fourth-warehouse-club-in-el-salvador-and-earnings-release-and-conference-call-details-for-the-second-quarter-of-fiscal-2024-302076637.html

SOURCE PriceSmart, Inc.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Desay SV Reshapes the New Ecosystem of Smart Mobility

Published

on

By

SHANGHAI, April 27, 2025 /PRNewswire/ — On April 22, Desay SV unveiled 2030 development strategy, new mission and vision under the theme “Unlimited Intelligence”. The company simultaneously showcased Smart Solution 3.0, an AI-driven smart mobility solution designed for future transportation.

To be A New Paradigm

Following driver-assistance technologies are becoming increasingly widespread, high level driver-assistant from optional to must be for the industry. However, the industry still faces significant hurdles, including complex development processes, suboptimal user experience, weak value perception, and challenges in development turning into mass production.

Gao Dapeng emphasized that only a new paradigm can cross the industry’s chasm. Over the past five years, Desay SV has achieved a 34% CAGR in R&D investment, established 12 global R&D centers, and built a 4,200-strong engineering team. Desay SV has undergone a remarkable transformation from a technology reserve to a scaled application and a leader in the industry. This journey has been characterized by a relentless reinvention of outdated frameworks, systems, and models. 

In discussing future challenges, Gao Dapeng, Chairman of Desay SV, outlined Desay SV core value proposition: open for collaboration, insist on full-stack capability, and rapid implementation. Guided by the mission of “Creating Safe, Delightful and Sustainable Mobility” and the vision of “Smarter Mobility for All,” the company will expand technological capabilities, broaden ecosystem partnerships, and shape next-gen mobility solutions.

Enhancing the Full-Stack Capability for Continuous Advancement

Currently, 1 out of every 3 vehicles in China is equipped with Desay SV products and solutions – the market penetration driven by the company’s R&D innovation and ecosystem-building capabilities. With nearly four decades of technological dedication, Desay SV insists on shaping the underlying architecture with innovative synergies and achieving full-stack expertise in both hardware and software.

Addressing challenges including ill-defined user demands, complex industry collaboration, and escalating innovation costs in the AI era, Desay SV CEO Xu Jian presented a three-year solution termed “One Architecture + Three Businesses + Three Commitments”. The “One Architecture” is the integrated architecture covering the vehicle, road, and cloud; the “Three Businesses” represent the technological upgrades of the intelligent cabin, intelligent driving, and connected service. The “Three Commitments” encompass sustained investment in all-domain capability, multi-modal integration across value chains for ecosystem advancement, collaboration across R&D-to-manufacturing value chains to strengthen the industrial ecosystem and human-centric commitments to deliver all-encompassing intelligent mobility ecosystems.

Xu Jian emphasized that the AI variable will accelerate intelligent vehicle adoption. Desay SV maintains a triple-phase development cadence – mass production, pre-research, and technology reserves – to continuously roll out innovative products and technology solutions tailored to future mobility demands. While executing these foundational solutions, we’re exploring optimized and potential pathways for the future.

Crafting the Mobile Embodied Agent–Smart Solution 3.0

The release of “Desay SV Mobility Trends Analysis Report in the AI Era” provided cutting-edge insights. The report conducts an in-depth analysis of user profiles in the AI era, proposing six trends. The debut of Smart Solution 3.0 represents the systematic implementation of these AI mobility future trends.

Driven by AI advancements, Smart Solution 3.0 integrates over 150 cutting-edge technologies spanning spatial computing, neural augmentation, and ambient stealth intelligence. Through four innovative scenarios—Verdant Forest, Hyper Sense Activation, Sentinel Care and Comfort Mode—the system displays a human-vehicle-environment ecosystem characterized by multi-sensory interaction, deep emotional resonance, real-time biometric tracking, and context-aware risk prediction. This technological convergence promotes the accelerated evolution of intelligent vehicles into Mobile Embodied Agents.

In the AI-empowered mobility era, Desay SV will harness engineering prowess, cost-optimized solutions, and open ecosystem architecture to forge safe, delightful, and sustainable mobility experiences, advancing the vision of “Smarter Mobility for All” to catalyze the golden age of assisted driving systems.

About Desay SV

Desay SV (002920.SZ) is a leading mobility technology company with R&D and service branches in Germany, Japan, Singapore, Spain, USA, etc. The company focuses on efficiently integrating smart cabin, smart drive, and smart service. Relying on 39 years of accumulation, Desay SV has excelled in R&D, design, quality management, and intelligent manufacturing. Desay SV’s continuous innovation and comprehensive capabilities earn the long-term trust of global customers, including Chery, Geely, SAIC, Toyota, Volkswagen, Volvo, etc., and have helped it rank 74th in the Automotive News 2024 top 100 global auto parts suppliers. For more information, please visit Desay SV online at www.desaysv.com or follow us on: https://www.linkedin.com/company/13690363

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/desay-sv-reshapes-the-new-ecosystem-of-smart-mobility-302439051.html

SOURCE Desay SV

Continue Reading

Technology

When a British Influencer Meets the Canton Fair

Published

on

By

GUANGZHOU, China, April 26, 2025 /PRNewswire/ — “It looks like we are walking straight into the future.” said British influencer Jason talking to the camera at China Import and Export Fair, also widely known as the Canton Fair.

 

As the world’s largest trade exhibition, the 137th Canton Fair has attracted buyers from over 200 countries and regions, with over 30,000 companies participating in. All types of cutting-edge technologies created dazzling sparks in the lens of Jason at the Service Robots Zone.

In the smart home appliances section, Jason was drawn to a refrigerator that can “think”—it provides recipes based on ingredient inventory and even enables users to check its contents remotely via smartphone. In the new energy vehicle section, autonomous electric cars and swappable-battery scooters left Jason exclaiming, “This is the future of transportation!”

The significance of the Canton Fair goes far beyond an exhibition; it provides a stage for real-time global trade transactions. Every year, buyers from over 200 countries strike deals worth billions of dollars here, forging partnerships that shape global supply chains. “This is no ordinary trade show,” Jason said in his video. “As a global commerce hub, it showcases not just business opportunities but also the immense momentum behind ‘Made in China.'”

Jason’s video has attracted enthusiastic responses on international social media platforms, with many global netizens commenting, “Jason is the most enthusiastic explorer in China to share values of truth.” 

Want to experience the Canton Fair through Jason’s first-person perspective? Click on the video and join us on this journey of technology and commerce!

YouTube Link:https://www.youtube.com/watch?v=TvKvlB5qPOg

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/when-a-british-influencer-meets-the-canton-fair-302439038.html

SOURCE The 137th Canton Fair

Continue Reading

Technology

ChangAn Outlines 2030 Vision at “Vast Ocean Plan: United Towards the Peak”-Themed Overseas Partner Conference in Chongqing

Published

on

By

The Company is rapidly accelerating its global expansion with the goal of becoming a world-class automobile brand.

CHONGQING, China, April 26, 2025 /PRNewswire/ — ChangAn Automobile (“ChangAn” or “the Company”), an intelligent low-carbon mobility technology company, recently hosted the 2025 Overseas Partner Conference in Chongqing under the theme “Vast Ocean Plan: United Towards The Peak.” The event brought together more than 500 partners from over 70 countries discuss the Company’s global achievements and share its future roadmap. During the conference, ChangAn unveiled its “2030 Vision,” pledging over $10 billion in global investment. The Company aims to reach 5 million in global vehicle sales by 2030. ChangAn also set its sights on becoming one of the world’s top 10 automobile brands.

ChangAn’s global business strategy continues to advance with an expected 5 million vehicles worldwide and 1.2 million overseas by 2030

In his keynote at the 2025 conference, Zhu Huarong, Chairman of ChangAn Automobile, highlighted the Company’s progress over five years in new energy, intelligence, and global business. Global sales rose 34.2% to 2.684 million vehicles in 2024, with 735,000 new energy vehicles and 536,000 sold internationally. “From product exports to brand globalisation, we are strengthening global competitiveness with the dual drive of ‘long-termism plus localized operations,'” Mr. Zhu said. Over the next five years, ChangAn will target five key overseas markets and expand localised production, branding, and customer service.

ChangAn’s overseas sales ranked among the top 3 in China’s automobile exports in 2024

At the conference, Li Mingcai, Executive Vice President of ChangAn Automobile, highlighted key global milestones. The Company launched its first international NEV manufacturing base in Thailand and developed eight overseas production partnerships, reaching a capacity of 580,000 units. In 2024, ChangAn ranked among China’s top three auto exporters, with over 500,000 vehicles sold internationally and revenue surpassing $11 billion. The brand expanded into 20 new countries, entering over 100 globally, and now operates 1,150 sales channels. CHANG-AN, DEEPAL, and AVATR gained international recognition, with ChangAn joining the “BrandZ Top 50 Chinese Global Brands” just 14 months after launching the Vast Ocean Plan. “In the wave of anti-globalization, ChangAn Automobile has confirmed the strength of China’s smart manufacturing with nine consecutive years of export growth,” Mr. Li said.

The 2025 “dual-track” development plan will see 20 new cars launched internationally

Technological innovation remains at the core of ChangAn’s global strategy, said Executive Vice President Wang Xiaofei. The Company has invested over 114.8 billion yuan in R&D and established an international team of 18,000, including 5,000 software and AI specialists. Its 2025 plan includes a dual-track fuel and new energy strategy. Fossil-fuel vehicles will target markets in Central and South America, the Middle East and Africa, and Eurasia, while new energy vehicles will focus on Asia Pacific and Europe. ChangAn is building a unified global brand structure through CHANG-AN, DEEPAL, and AVATR, executing a “1+N” brand strategy — one global IP and multiple localised campaigns annually. Product-wise, 20 new global models (10 fuel, 10 NEVs) will be launched, including the CS75PLUS, DEEPAL S05, AVATR 07, and CHANG-AN Q07.

ChangAn remains confident and committed to future growth. Moving forward, the Company will focus on building a “competitiveness plus high quality” strategy, leveraging its core strengths and technology innovation to expand its footprint globally and further elevate its international influence.

View original content to download multimedia:https://www.prnewswire.com/news-releases/changan-outlines-2030-vision-at-vast-ocean-plan-united-towards-the-peak-themed-overseas-partner-conference-in-chongqing-302439041.html

SOURCE ChangAn Automobile

Continue Reading

Trending