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PR Newswire·

PRICESMART ANNOUNCES FISCAL 2026 SECOND QUARTER OPERATING RESULTS AND PLANS FOR EIGHTH CLUB IN GUATEMALA

PSMT
  • PriceSmart reported fiscal second quarter 2026 net income of $49.1 million, or $1.62 per diluted share, up from $43.8 million in the prior-year period.
  • Total revenues for the quarter increased 9.7% to $1.50 billion, while net merchandise sales grew 9.9% to $1.47 billion.
  • Comparable net merchandise sales for existing clubs rose 7.6%, with constant currency growth at 5.5% after accounting for foreign exchange impacts.
  • The company operates 56 warehouse clubs across 12 countries & one U.S. territory as of February 28, 2026, an increase from 54 clubs in the prior year.
  • Adjusted EBITDA for the quarter reached $99.7 million, compared to $87.0 million in the same period last year.
  • Year-to-date results for the first six months show total revenues of $2.88 billion & net income of $89.3 million, or $2.91 per diluted share.
  • Net merchandise sales for the six-month period increased 10.2% to $2.82 billion, with comparable sales growing 7.8%.
  • PriceSmart plans to open its eighth club in Guatemala in Villa Nueva during spring 2027, which will bring the total club count to 61 once four other announced locations also open.
  • Additional new club openings are scheduled for the Dominican Republic in May 2026 & Jamaica & Costa Rica in the summer & winter of 2026.
  • A conference call to discuss these results is scheduled for April 9, 2026, at 12:00 p.m. Eastern time.