PRICESMART (PSMT) Company Report

PriceSmart reported robust financial performance for fiscal year 2025, with net merchandise sales reaching almost $5.2 billion, an increase of 7.7% year over year, and net income of $147.9 million, or $4.82 per diluted share. For Q4 2025, net merchandise sales grew 9.2% to over $1.3 billion, with net income of $31.5 million or $1.02 per diluted share.
The company is actively expanding its footprint, opening its seventh warehouse club in Guatemala in August 2025 and planning three new club openings in the Dominican Republic and Jamaica by Fall 2026, which will bring the total to 59 clubs. PriceSmart is also advancing plans to enter Chile.
Membership accounts grew 6.2% year over year to over 2 million, with Platinum membership representing 17.9% of the total base as of August 31, 2025. Digital channel sales increased 21.6% to $306.7 million in fiscal year 2025, comprising 6% of total net merchandise sales.
Strategic investments include a supply chain transformation with new distribution centers in Guatemala, Trinidad, and the Dominican Republic, and ongoing technology upgrades like the RELEX forecasting system and ALERA point-of-sale system. These technology projects incurred $3.7 million in costs for FY2025.
As of August 31, 2025, PriceSmart held $285.3 million in cash, cash equivalents, and restricted cash, alongside $73.2 million in short-term investments. The company also noted CFO transition costs of $1.6 million for FY2025.

Oct 31, 2025, 4:00 PM

Transcript

PriceSmart Reports Strong Q4 and Full Fiscal Year 2025 Financial Results and Strategic Progress

PSMT

Earnings

New Projects/Investments

Revenue Acceleration/Inflection

PriceSmart reported net merchandise sales of almost $5.2 billion for fiscal year 2025, an increase of 7.7% year-over-year, with total revenues reaching almost $5.3 billion. For the fourth quarter of fiscal year 2025, net merchandise sales increased by 9.2% to over $1.3 billion. Net income for Q4 2025 was $31.5 million, or $1.02 per diluted share, and for the full fiscal year 2025, it was $147.9 million, or $4.82 per diluted share.
Membership accounts grew 6.2% year-over-year to over 2 million as of August 31, 2025, with Platinum membership representing 17.9% of the total base, up from 12.3% in the prior year. Fourth quarter membership income increased 14.9% to $22.6 million.
The company opened its seventh warehouse club in Guatemala in August 2025 and plans to open new clubs in the Dominican Republic (Spring 2026) and Jamaica (two clubs in Summer and Fall 2026), which will bring the total to 59 warehouse clubs. PriceSmart is also advancing its plan to enter Chile, having hired a Country General Manager and signed an executive agreement for a prospective club site. Strategic investments include adapting the Panama facility for cold merchandise and opening a new dry distribution center in Guatemala in Q1 FY2026, with plans for more in Trinidad and the Dominican Republic. Digital channel sales reached $306.7 million in fiscal year 2025, up 21.6% year-over-year, representing 6% of total net merchandise sales.

Oct 31, 2025, 4:00 PM

Transcript

PriceSmart Reports Strong Q4 and Fiscal Year 2025 Results Amidst Strategic Expansion and Leadership Transition

PSMT

Earnings

New Projects/Investments

Management Change

PriceSmart reported strong financial results for Q4 fiscal year 2025, with net merchandise sales increasing by 9.2% to over $1.3 billion and net income reaching $31.5 million, or $1.02 per diluted share. For the full fiscal year 2025, total net merchandise sales were almost $5.2 billion, and net income was $147.9 million, or $4.82 per diluted share.
The company is actively expanding its physical footprint, having opened its seventh warehouse club in Guatemala in August 2025 and planning to open three new clubs in the Dominican Republic and Jamaica by Fall 2026, bringing the total to 59 warehouse clubs. PriceSmart is also advancing plans to enter Chile.
Strategic investments in technology and supply chain are underway, including adapting the Panama facility for cold merchandise, opening a new dry distribution center in Guatemala, and planning new distribution centers in Trinidad and the Dominican Republic in fiscal year 2026. The company is also migrating to new forecasting (RELEX) and point-of-sale (ALERA) systems.
Digital channel sales grew 21.6% year over year to $306.7 million in fiscal year 2025, representing 6% of total net merchandise sales. Membership accounts grew 6.2% year over year to over 2 million, with Platinum membership representing 17.9% of the total base as of August 31, 2025.
This earnings call marked the first for David Price as Chief Executive Officer and Roberto Hernandez as Chief Financial Officer.

Oct 31, 2025, 4:00 PM

Transcript

PriceSmart Announces Fiscal Q4 2025 Operating Results and Expansion Plans

PSMT

Earnings

New Projects/Investments

Revenue Acceleration/Inflection

For the fiscal fourth quarter of 2025, PriceSmart reported total revenues of $1.33 billion and net income of $31.5 million, resulting in $1.02 earnings per diluted share. For the full fiscal year 2025, total revenues reached $5.27 billion, with net income of $147.9 million and $4.82 earnings per diluted share.
Net merchandise sales grew 9.2% in Q4 2025 to $1.30 billion, and comparable net merchandise sales increased 7.5% for the same period. For fiscal year 2025, net merchandise sales increased 7.7% to $5.15 billion, and comparable net merchandise sales rose 6.7%.
PriceSmart plans to open three new warehouse clubs: one in La Romana, Dominican Republic, anticipated in spring 2026, and two in Jamaica—one in Montego Bay in summer 2026 and another on South Camp Road in fall 2026. These additions will bring the company's total number of warehouse clubs to 59.

Metric	Q4 2024	Q4 2025	FY 2024	FY 2025
Total Revenues ($USD Billions)	$1.23	$1.33	$4.91	$5.27
Net Merchandise Sales ($USD Billions)	$1.19	$1.30	$4.78	$5.15
Net Income ($USD Millions)	$29.1	$31.5	$138.9	$147.9
Diluted EPS ($USD)	$0.94	$1.02	$4.57	$4.82
Adjusted EBITDA ($USD Millions)	$70.7	$75.5	$303.6	$320.7

Oct 30, 2025, 8:07 PM

8-K

PriceSmart Announces Fiscal 2025 Fourth Quarter and Full-Year Operating Results

PSMT

Earnings

New Projects/Investments

Revenue Acceleration/Inflection

For the fiscal fourth quarter of 2025, PriceSmart reported total revenues of $1.33 billion, an 8.6% increase, and net merchandise sales of $1.30 billion, up 9.2%, with diluted earnings per share of $1.02.
For the full fiscal year 2025, total revenues grew 7.2% to $5.27 billion, and net merchandise sales increased 7.7% to $5.15 billion, resulting in diluted earnings per share of $4.82.
The Company plans to open three new warehouse clubs: one in La Romana, Dominican Republic in spring 2026, and two in Jamaica (Montego Bay and South Camp Road) in summer 2026 and fall 2026, respectively, which will bring the total number of clubs to 59.

Oct 30, 2025, 8:01 PM

Press Release

PriceSmart Announces Fiscal Q3 2025 Operating Results and Potential New Market

PSMT

Earnings

New Projects/Investments

Revenue Acceleration/Inflection

PriceSmart reported strong fiscal third quarter 2025 results, with total revenues increasing 7.1% to $1.32 billion and net merchandise sales growing 8.0% to $1.29 billion. Net income for the quarter increased 8.2% to $35.2 million, resulting in $1.14 diluted earnings per share.
For the first nine months of fiscal year 2025, total revenues increased 6.8% to $3.94 billion, and net merchandise sales rose 7.2% to $3.85 billion. Net income for the nine-month period was $116.3 million, or $3.80 per diluted share.
Comparable net merchandise sales increased 7.0% for the 13-week period ended June 1, 2025, and 6.5% for the 39-week period ended June 1, 2025.
The company is evaluating Chile as a potential new market for multiple warehouse clubs and plans to open two new clubs in Guatemala (August 2025) and Dominican Republic (Spring 2026), which will bring the total number of clubs to 57.