PriceSmart (PSMT) Q3 2026 earnings summary

Executive summary

• Net merchandise sales for Q3 FY2026 grew 12.5% year-over-year to $1.45 billion, with total revenues reaching $1.48 billion and comparable net merchandise sales up 10.7%.

• Net income for Q3 FY2026 was $39.7 million ($1.28 per diluted share), up 12.9% year-over-year; adjusted EBITDA reached $90.4 million, a 14.5% increase.

• Operates 57 warehouse clubs across 12 countries and one U.S. territory, with plans to open six new clubs, including first entry into Chile and additional clubs in Costa Rica, Jamaica, and Guatemala.

• Leadership changes include new CEO and CFO appointments, and expanded EVP role overseeing multiple business lines.

• Focus on omnichannel growth, digital capabilities, and expanding wellness and private label offerings.

Financial highlights

• Q3 FY2026 net merchandise sales were $1.45 billion, up 12.5% year-over-year; total revenue was $1.48 billion, also up 12.5%.

• Q3 FY2026 net income was $39.7 million ($1.28 per diluted share), up 12.9%; adjusted EBITDA was $90.4 million.

• For the nine months ended May 31, 2026, net merchandise sales reached $4.27 billion, up 11.0%; net income was $128.9 million, up 10.8%.

• Gross margin for Q3 FY2026 was 16.0%, up 20 basis points year-over-year; operating income for Q3 was $65.6 million, up 16.7%.

• Membership income for Q3 FY2026 rose 17.6% to $25.7 million; Platinum accounts now 21.3% of total membership.

Outlook and guidance

• Six new clubs are planned, including first entry into Chile (Santiago) and an eleventh club in Costa Rica (Heredia), both expected to open in spring 2027.

• Continued investment in digital platforms, omnichannel capabilities, and member value enhancements.

• Focus on sustainable growth, operational excellence, and delivering value amid dynamic macroeconomic conditions.