PR Newswire·Oct 26, 2026, 4:01 PM ET

PRICESMART ANNOUNCES FISCAL 2026 FOURTH QUARTER OPERATING RESULTS AND OPENING OF THIRD CLUB IN JAMAICA

PriceSmart announced fiscal fourth-quarter 2026 results for the period ended August 31, 2026, with total revenues increasing 13.9% to $1.52 billion.
Net merchandise sales grew 13.8% to $1.48 billion, while comparable net merchandise sales for existing clubs rose 12.2%.
Net income increased 19.3% to $37.6 million, or $1.21 per diluted share, compared to $31.5 million in the prior year.
Adjusted EBITDA for the quarter reached $83.5 million, up from $75.5 million in the same period of fiscal 2025.
The company operated 58 warehouse clubs as of August 31, 2026, up from 56 clubs the previous year.
Fiscal year-to-date total revenues increased 11.5% to $5.88 billion, with net merchandise sales rising 11.7% to $5.75 billion.
Full-year net income grew 12.6% to $166.6 million, or $5.40 per diluted share, compared to $147.9 million in fiscal 2025.
PriceSmart opened its third warehouse club in Jamaica in October 2026, located in Montego Bay with a 42,000-square-foot sales floor.
Foreign currency exchange rate fluctuations positively impacted net merchandise sales by $78.5 million in the quarter and $170.6 million for the year.
Management will host a conference call on October 27, 2026, at 12:00 p.m. Eastern time to discuss the financial results.
The company plans to operate 63 warehouse clubs once four additional locations in Jamaica, Guatemala, Costa Rica, and Chile open.