PriceSmart (PSMT) investor relations material

Executive summary

• FY26 revenue rose 11.5% to $5.88B; net merchandise sales rose 11.7% to $5.75B, or 8.4% in constant currency.

• FY26 net income increased 12.6% to $166.6M and diluted EPS rose 12.0% to $5.40; adjusted EBITDA increased 12.4% to $360.5M.

• Q4 revenue rose 13.9% to $1.52B; net income increased 19.3% to $37.6M and diluted EPS was $1.21.

• Growth reflected higher merchandise sales, membership income and engagement, plus club-network and digital-channel expansion.

Financial highlights

• Q4 net merchandise sales were $1.48B, up 13.8% reported and 7.8% in constant currency; FY26 sales were $5.75B, up 11.7% and 8.4% in constant currency.

• Q4 operating income rose 8.1% to $57.0M; FY26 operating income rose 12.3% to $261.0M.

• Adjusted EBITDA was $83.5M in Q4 versus $75.5M and $360.5M for FY26 versus $320.7M.

• Membership income rose 17.8% to $100.8M in FY26.

Outlook and guidance

• Four clubs are planned through spring 2027: Jamaica in Dec. 2026, Guatemala in late winter 2027, and Costa Rica and Chile in spring 2027; opening all four would bring the footprint to 63 clubs.

• FY27 plans include three in-country distribution centers in Jamaica, the Dominican Republic and Chile; the Chile facility will be third-party operated.

• FY27 plans include seven additional pharmacy locations and four optical locations.

• RELEX implementation will miss the previously stated FY27 Q2 timing; no replacement completion date was set as management prioritizes process standardization and change management.

• No specific club-opening cadence or tax-rate guidance was offered; expansion pace will be balanced against return standards.