A membership warehouse club operator, PriceSmart runs bulk-goods stores across Latin America and the Caribbean, selling a mix of local products and imported brands to shoppers who pay an annual fee. It was founded by Sol and Robert Price, the father-son duo who created the original Price Club in 1976, and its first warehouse opened in Panama in 1996. A fun twist: the same family behind one of America's first warehouse clubs brought the no-frills shopping model to smaller markets overseas.
PriceSmart reports Q3 FY2026 net sales up 12.5% to $1.48B, EPS $1.28
Total revenues for the third quarter ended May 31, 2026 increased 12.5% to $1.48 billion from $1.32 billion in the prior-year period.
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Net merchandise sales grew 12.5% to $1.45 billion; comparable net merchandise sales increased 10.7% (6.9% on a constant currency basis).
Operating income was $65.6 million, up from $56.2 million; net income rose 12.9% to $39.7 million, or $1.28 per diluted share.
Adjusted EBITDA for the quarter was $90.4 million, compared to $79.0 million in the same period last year.
The company plans to open its first club in Chile (spring 2027) and an eleventh club in Costa Rica (spring 2027), with six new clubs expected to bring total to 63.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
PriceSmart holds annual meeting, re-elects all 11 directors and declares $1.40 annual dividend.
At the February 5, 2026 annual meeting, all 11 director nominees were re-elected to the board.
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Stockholders approved, on an advisory basis, the compensation of named executive officers for fiscal year 2025.
Stockholders ratified the appointment of Ernst & Young LLP as independent auditor for fiscal year ending August 31, 2026.
The board declared an annual cash dividend of $1.40 per share, payable in two $0.70 installments on February 27, 2026 and August 31, 2026.
No officer departures or appointments were reported; the filing covers director elections, advisory votes, and dividend declaration.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 8.01 Other Events · 9.01 Financial Statements and Exhibits
PriceSmart reports fiscal Q1 2026 results: net sales up 10.6%, EPS $1.29
Total revenues for the first quarter ended November 30, 2025 increased 9.9% to $1.38 billion from $1.26 billion in the prior-year period.
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Net merchandise sales increased 10.6% to $1.35 billion, with constant-currency growth of 9.5%.
Comparable net merchandise sales increased 8.0% (6.9% on a constant-currency basis).
Net income rose 7.3% to $40.2 million, or $1.29 per diluted share, from $37.4 million, or $1.21 per diluted share, a year earlier.
The company plans to open a tenth club in Costa Rica (Ciudad Quesada) in fall 2026, which would bring total clubs to 60 after other announced openings.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
PriceSmart appoints Gualberto Hernandez as CFO effective June 1, 2025; Michael McCleary resigns.
Gualberto Hernandez will become Executive Vice President and Chief Financial Officer on June 1, 2025.
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Michael McCleary resigned as CFO by mutual agreement but will remain an Executive Vice President through September 30, 2025, then provide consulting support.
Hernandez's compensation includes a $720,000 base salary, $180,000 target bonus, $4,500,000 stock award, and $150,000 sign-on bonus.
McCleary will receive severance of $721,000, an incentive up to $180,250, and continued vesting of 12,074 shares.
The company and Hernandez entered an employment agreement effective June 1, 2025, with a one-year renewable term.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits