**"PSMT's Resilient Revenue Growth Amidst Competitive Pressures: A Q1 2025 Financial Overview

Performance Review

As of February 28, 2025, PSMT's total operating revenue was $1.364 billion. Although lacking in prior data for comparison, the absolute value of its total operating revenue still attracts attention, indicating that the company has maintained its revenue level to some extent.

Key Data in the Financial Report

1. PSMT's total operating revenue in the first quarter of 2025 was $1.258 billion, up 7.88% from $1.166 billion in the first quarter of 2024.

2. The cost of revenue in the first quarter was $1.039 billion, with gross profit of $219 million.

3. The net profit was $37.428 million, down 1.63% from $37.418 million in the first quarter of 2024.

4. The cumulative revenue in the first six months of 2025 was $2.622 billion, up 6.65% from $2.458 billion in the same period last year.

5. The net profit attributable to parent in the first six months of 2025 was $81.188 million, up 5.01% from $77.318 million in the same period last year.

Peer Comparison

1. Industry-wide analysis: The daily consumer goods retail industry where PSMT operates is affected by the overall economic environment, but its overall operating revenue level still shows resilience. The performance within the industry shows that PSMT has maintained a certain market share in the competition, despite market fluctuations.

2. Peer evaluation analysis: Compared with peers such as Walmart and Costco, PSMT's operating revenue growth rate is relatively stable, indicating its competitiveness in the market. However, the decline in net profit may reflect challenges in cost control or pricing strategies.

Summary

PSMT's operating revenue grew by 7.88% in the first quarter of 2025, showing the company's stability in meeting market demand. However, the decline in net profit indicates that even if revenue grows, cost control or market competition factors may still affect overall profitability.

Opportunities

1. The continued growth in market demand may provide more sales opportunities for PSMT, especially in the daily consumer goods sector.

2. As industry competition intensifies, the company can consider optimizing product pricing strategies to enhance profitability.

3. PSMT's stable revenue performance provides a foundation for future investment and expansion, especially in new markets.

Risks

1. The decline in net profit may indicate rising costs or intensified market competition, requiring attention to changes in future profitability.

2. The overall economic environment facing the industry may affect future operating revenue performance.

3. Failure to adjust product pricing strategies in time may lead to further loss of market share, affecting long-term profitability.