PriceSmart reported third-quarter fiscal 2026 results with total revenues of $1.48 billion and net merchandise sales of $1.45 billion, representing a 12.5% year-over-year increase. The company recorded net income of $39.7 million, or $1.28 per diluted share, and adjusted EBITDA of $90.4 million for the quarter. PriceSmart also announced plans to open its first club in Chile and an eleventh club in Costa Rica, expanding its footprint in Latin America.

Financial Highlights

  • Total revenues for the third quarter ended May 31, 2026: $1,481,793 thousand (12.5% increase vs prior year).
  • Net merchandise sales for the quarter: $1,450,698 thousand (12.5% increase vs prior year); net merchandise sales — constant currency: $1,400,136 thousand (8.5% increase).
  • Operating income for the quarter: $65,641 thousand.
  • Net income for the quarter: $39,691 thousand; diluted earnings per share: $1.28.
  • Adjusted EBITDA for the quarter: $90,419 thousand.

Business Highlights

  • Club base: Operated 57 warehouse clubs as of May 31, 2026, up from 55 a year earlier; comparable net merchandise sales for 54 clubs open >13½ months increased 10.7% (6.9% on a constant-currency basis) for the 13-week period.
  • Geographic expansion: Executed a lease for its first warehouse club in Chile (Comuna Las Condes, Santiago) within Mallplaza Los Dominicos, targeted to open in spring 2027.
  • Costa Rica expansion: Purchased land and plans an eleventh Costa Rica club in Santo Tomas de Santo Domingo (Heredia), on a six-acre site, anticipated to open spring 2027.
  • Pipeline and openings: Company expects additional previously announced clubs in Costa Rica, Jamaica and Guatemala to bring the operated club count to 63 once six new clubs are open.
  • Foreign currency impact: Reported favorable foreign exchange effects on net merchandise sales (+$50.6 million, +4.0% for the quarter) and on comparable sales (+3.8% for the 13-week period).

Original SEC Filing:

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