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PriceSmart
PriceSmart (PSMT) investor relations material
PriceSmart Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary8 Jan, 2026
Executive summary
Net merchandise sales grew 10.6% year-over-year to $1.35 billion, with total revenues up 9.9% to $1.38 billion in Q1 FY2026; comparable net merchandise sales increased 8.0% (6.9% in constant currency).
Membership accounts grew 6.7% to over 2 million, with Platinum memberships rising to 19.3% and membership income up 15.9% to $23.4 million; renewal rate was 89.3%.
Net income was $40.2 million ($1.29 per diluted share), up from $37.4 million ($1.21 per share) last year.
Adjusted EBITDA reached $86.9 million, up from $79.1 million in the prior year.
Operated 56 warehouse clubs at quarter-end, with four new clubs planned for FY2026, including entry into Chile and additional locations in Costa Rica, Jamaica, and the Dominican Republic.
Financial highlights
Operating income increased 8% year-over-year to $62.9 million.
Gross margin held steady at 15.9% of net merchandise sales; total revenue margin improved 30 bps to 17.7%.
SG&A expenses rose to 13.1% of revenue, mainly due to tech investments and CEO compensation.
Cash and cash equivalents (including restricted cash) totaled $249.6 million as of November 30, 2025.
Membership income as a percentage of revenue increased to 1.7% from 1.6%.
Outlook and guidance
Four new warehouse clubs are expected to open in FY2026, including entry into Chile and new locations in Costa Rica, Jamaica, and the Dominican Republic.
Continued investment in technology, digital capabilities, and distribution centers to support growth.
Holiday season comparable net merchandise sales for the nine weeks ended December 28, 2025, grew 7.1% in USD, though this was a deceleration from Q1 due to transitory factors.
Colombia continues to show strong momentum, with positive trends expected across most markets entering 2026.
Rationale for Ciudad Quesada club location
Impact of currency liquidity issues on operations
Inventory growth vs. sales growth trends
Chile market entry: key learnings and surprises
Supply chain investments: expected impact
Trinidad cash convertibility strategy
Partial view of Summaries dataset, powered by Quartr API
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Next PriceSmart earnings date
AGM 20265 Feb, 2026
PriceSmart
Next PriceSmart earnings date
AGM 20265 Feb, 2026
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PriceSmart, Inc. owns and operates U.S. style membership shopping warehouse clubs in Latin America and the Caribbean, selling high quality merchandise at low prices to PriceSmart members.
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