PSMT · PriceSmart, Inc.

PriceSmart, Inc. delivered a strong fiscal second quarter 2026, with total revenues climbing 9.7% to $1.50 billion, driven by robust net merchandise sales growth of 9.9%. The company benefited from favorable foreign currency exchange rate fluctuations, which contributed 2.1% to sales growth, while constant currency sales still grew a solid 7.8%. Operating performance improved significantly, with operating income rising to $75.4 million from $65.3 million in the prior year. Net income increased 12.2% to $49.1 million, or $1.62 per diluted share, compared to $1.45 per diluted share in the second quarter of fiscal 2025. Adjusted EBITDA also showed strength, increasing to $99.7 million from $87.0 million. The company maintained its expansion momentum, operating 56 warehouse clubs as of quarter end, up from 54 in the prior year. Looking forward, PriceSmart announced plans for its eighth club in Guatemala, located in Villa Nueva, anticipated to open in spring 2027. This expansion aligns with the company's growth strategy in Latin America and the Caribbean. Year-to-date results also reflect sustained growth, with total revenues reaching $2.88 billion and net income of $89.3 million for the six months ended February 28, 2026.