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PriceSmart Foods is a chain of supermarkets located in British Columbia, Canada. It is a wholly owned subsidiary of the Overwaitea Food Group , which is owned by the Jim Pattison Group . PriceSmart shares the same brands and rewards card system as other Overwaitea chains, including Save-On-Foods .
The operations of Buy-Low Foods and Quality Foods, also owned by the Jim Pattison Group, merged into the rebranded company. [7] Later that year, Pattison Food Group acquired Roth’s Fresh Markets, a chain of grocery stores in Oregon , marking its first retail expansion outside of western Canada.
PriceSmart, Inc. is an American operator of membership warehouse clubs in Central America, the Caribbean, and South America. PriceSmart was founded by Sol and Robert Price, founders of The Price Club ; Robert Price is chairman of the board.
The company plans to release its earnings report for its fiscal fourth quarter of 2019 after the markets close that day. ... Calif. and founded back in 1993.PriceSmart stock was up 18% as of ...
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Jim Pattison, a Vancouver-based entrepreneur, is the chairman, CEO, and sole owner of the company. The Jim Pattison Group, Canada's second largest privately held company, has more than 45,000 employees worldwide, and annual sales of $10.1 billion [2] based on investments in Canada, the U.S., Mexico, Europe, Asia and Australia.
PriceSmart (NAS: PSMT) carries $37.5 million of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.