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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 .
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 stores purchased were under the Safeway, Thrifty Foods and Sobeys banners and all were converted to become Save-On-Foods stores. [1] It was also announced that Overwaitea would convert 11 PriceSmart Foods locations to the Save-On-Foods brand. [2] OFG employed over 15,000 team members, as of August 2015.
The 10-second takeawayFor the quarter ended Feb. 29 (Q2), PriceSmart beat expectations on revenues and missed estimates on earnings per share. Compared PriceSmart Misses Where It Counts
PriceSmart (NAS: PSMT) carries $37 million of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road ...
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.
Their parent company, the Overwaitea Food Group, also owns Urban Fare, PriceSmart Foods and Cooper's Foods. All are owned by the Jim Pattison Group . On March 22, 2018, the remaining two Overwaitea locations in British Columbia were closed, reopening the following day as Save-On-Foods stores.
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. The Group is active in 25 divisions, according to Forbes, including packaging, food, forestry products. [3]