PriceSmart — Fiscal 2026 Fourth Quarter Earnings Summary

Financial Performance:

• Total revenues increased 13.9% to $1.52 billion for the fourth quarter of fiscal 2026, compared to $1.33 billion in the prior year; year-to-date revenues increased 11.5% to $5.88 billion.
• Net merchandise sales grew 13.8% to $1.48 billion in the fourth quarter and 11.7% to $5.75 billion for the full fiscal year.
• Net merchandise sales on a constant currency basis increased 7.8% in the fourth quarter and 8.4% for the full year.
• Foreign currency exchange rate fluctuations positively impacted net merchandise sales by $78.5 million (6.0%) in the quarter and $170.6 million (3.3%) for the year.
• Comparable net merchandise sales for clubs open over 13.5 months increased 12.2% in the fourth quarter and 9.6% for the full year.
• Comparable net merchandise sales on a constant currency basis increased 6.2% in the quarter and 6.4% for the year.
• Operating income was $57.0 million in the fourth quarter (up from $52.8 million) and $261.0 million for the full year (up from $232.5 million).
• Net income increased 19.3% to $37.6 million ($1.21 per diluted share) in the fourth quarter and 12.6% to $166.6 million ($5.40 per diluted share) for the full year.
• Adjusted EBITDA was $83.5 million in the fourth quarter and $360.5 million for the full year.
• Cash and cash equivalents were $220.8 million as of August 31, 2026, down from $241.0 million in the prior year.
• Short-term investments increased to $111.4 million from $73.2 million.
• Merchandise inventories rose to $617.2 million from $560.7 million.
• Total liabilities increased to $1.15 billion from $1.02 billion.
• Total stockholders' equity increased to $1.46 billion from $1.25 billion.
• Long-term debt, net of current portion, decreased to $103.0 million from $147.9 million.

Business Segments and Product Lines:

• The Company operates 59 warehouse clubs across 12 countries and one U.S. territory as of August 31, 2026, up from 56 clubs in the prior year.
• The Company opened its third warehouse club in Jamaica in October 2026, located in Montego Bay with a 42,000 square foot sales floor.
• The new Jamaica club features sustainable design elements including solar panels, energy-efficient LED lighting, and a CO2-based cooling system.
• Operating segments include the United States, Central America, the Caribbean, and Colombia.

Other Key Points:

• The Company plans to open one new club in Kingston, Jamaica in December 2026.
• Additional planned openings include a club in Villa Nueva, Guatemala (late winter 2027), a club in Santo Tomas de Santo Domingo, Costa Rica (spring 2027), and a club in Santiago, Chile (spring 2027).
• Once the four previously announced clubs and the new Jamaica club are open, the Company will operate 63 warehouse clubs.
• Management will host a conference call on October 27, 2026, at 12:00 p.m. Eastern time to discuss results.
• The press release includes forward-looking statements regarding anticipated revenues, earnings, cash flows, dividends, and club openings, noting risks related to political, economic, currency, and operational factors.