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PR Newswire·

PRICESMART ANNOUNCES FISCAL 2026 THIRD QUARTER OPERATING RESULTS; PLANS FOR FIRST CLUB IN CHILE; ELEVENTH CLUB IN COSTA RICA

PSMT
  • PriceSmart reported net merchandise sales growth of 12.5% for the fiscal third quarter of 2026, reaching $1.45 billion.
  • Comparable net merchandise sales increased 10.7% for the 13-week period ended May 31, 2026.
  • The company recorded earnings per diluted share of $1.28 for the quarter, up from $1.14 in the prior-year period.
  • Total revenues for the quarter rose 12.5% to $1.48 billion, while operating income increased to $65.6 million.
  • Net income for the third quarter grew 12.9% to $39.7 million.
  • Adjusted EBITDA for the quarter was $90.4 million, compared to $79.0 million in the same period last year.
  • Year-to-date net merchandise sales for the first nine months of fiscal 2026 increased 11.0% to $4.27 billion.
  • Comparable net merchandise sales for the first nine months grew 8.8% over the prior-year period.
  • Year-to-date net income increased 10.8% to $128.9 million, or $4.18 per diluted share.
  • Adjusted EBITDA for the nine-month period totaled $277.0 million.
  • PriceSmart operates 57 warehouse clubs across 12 countries as of May 31, 2026.
  • The company plans to open its first club in Chile in spring 2027, located in Santiago.
  • A new warehouse club is planned for Costa Rica in spring 2027, bringing the total projected count to 63 clubs once all announced locations open.
  • PriceSmart will host a conference call on July 9, 2026, to discuss these financial results.