PriceSmart, Inc. is a company headquartered in San Diego, California, that owns and operates U.S.-style membership shopping warehouse clubs primarily in Latin America and the Caribbean. The company focuses on selling high-quality merchandise and services at low prices to its members. PriceSmart operates 55 warehouse clubs across 12 countries and one U.S. territory, offering a wide range of products and services to its members.
- Central American Operations - Operates membership shopping warehouse clubs in Central America, providing a variety of high-quality merchandise and services to members.
- Caribbean Operations - Manages warehouse clubs in the Caribbean, offering members access to a wide range of products and services at competitive prices.
- Colombia Operations - Runs warehouse clubs in Colombia, delivering high-quality goods and services to its members.
- United States Operations - Operates a warehouse club in the United States Virgin Islands, providing members with access to a selection of merchandise and services.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
David N. Price ExecutiveBoard | Executive Vice President and Chief Transformation Officer | President of PriceSmart Foundation; Vice President of Price Philanthropies Foundation; Chairman of the Board of the Wildcoast Foundation; Board Member of the Aaron Price Fellows Foundation; Member of Director's Councils at The USC Price School of Public Policy and The Scripps Institution of Oceanography | David N. Price is the Executive Vice President and Chief Transformation Officer at PSMT since August 2023. He has also served in several leadership roles at the company, including as a board member since February 2022 and in executive roles such as Executive Vice President and Chief of Staff to the Chairman of the Board and Interim CEO. | |
Francisco Velasco ExecutiveBoard | Executive Vice President, Chief Legal Officer, Registered In-House Counsel, Chief Risk & Compliance Officer, and Corporate Secretary | Member of the board of the PriceSmart Foundation | Francisco Velasco is the current Executive Vice President, Chief Legal Officer, Registered In-House Counsel, Chief Risk & Compliance Officer, and Corporate Secretary at PriceSmart, Inc. since May 2024. Previously, he held senior legal roles from October 2016 to May 2024 and initially joined PriceSmart in July 2016. | |
Gualberto Hernandez Executive | Executive Vice President and Chief Financial Officer (CFO) | Gualberto Hernandez has been the Executive Vice President and Chief Financial Officer at PriceSmart, Inc. since June 1, 2025. Previously, he held senior finance roles at Estée Lauder and Sephora. | ||
John D. Hildebrandt Executive | President and Chief Operating Officer | John D. Hildebrandt has been serving as President and Chief Operating Officer of PriceSmart since December 2022. He previously held several executive roles at the company, including Executive Vice President and Chief Operating Officer from May 2022 to December 2022. | ||
Michael L. McCleary Executive | Executive Vice President and Chief Financial Officer | Michael L. McCleary has served as the Executive Vice President and Chief Financial Officer at PSMT since April 2020. He previously held roles as Senior Vice President and Interim Chief Financial Officer from December 2019 to March 2020 and joined PSMT as Vice President and Corporate Controller in 2003. | ||
Paul W. Kovaleski Executive | Executive Vice President—Chief Merchandising Officer | Paul W. Kovaleski is the Executive Vice President—Chief Merchandising Officer at PriceSmart since January 2024. He has held multiple leadership roles at PriceSmart, contributing to merchandising and operational excellence over several years. | ||
Robert E. Price Executive | Interim Chief Executive Officer | Manager of The Price Group, LLC; Chairman of the Board Directors and President of Price Philanthropies Foundation; President of the Aaron Price Fellows Foundation | Robert E. Price has been serving as Interim Chief Executive Officer of PriceSmart, Inc. since February 2023, continuing a long legacy that includes his tenure as Chairman of the Board since 1997. He previously held a permanent CEO role from April 2006 to July 2010, and his leadership has been pivotal in shaping the warehouse club industry. | View Report → |
Wayne Sadin Executive | Executive Vice President and Chief Information Officer (CIO) | Advisory Board Member for Via Group Partners; Advisory Board Member for Acceleration Economy | Wayne Sadin has been the Executive Vice President and Chief Information Officer at PriceSmart, Inc. since July 1, 2023. He previously provided independent IT advisory services and held advisory board roles with Via Group Partners and Acceleration Economy. | |
Beatriz V. Infante Board | director | CEO of BusinessExcelleration LLC ; Board director at Liquidity Services Inc. ; Director at Ribbon Communications | Beatriz V. Infante has served as a director at PriceSmart, Inc. since January 2018. She brings extensive leadership experience from roles such as CEO of BusinessExcelleration LLC since 2009 and key board positions at Liquidity Services Inc. and Ribbon Communications. | |
David R. Snyder Board | Vice Chairman of the Board of Directors | Adjunct Faculty at University of San Diego School of Law; Senior Counsel at Pillsbury Winthrop Shaw Pittman LLP | David R. Snyder has served as Vice Chairman of PriceSmart since February 2022 and as Lead Independent Director since May 2023, bringing extensive corporate finance and legal expertise to the board. Previously, he was a partner and later Senior Counsel at Pillsbury Winthrop Shaw Pittman LLP and holds an adjunct faculty appointment at the University of San Diego School of Law. | |
Edgar Zurcher Board | Director | Partner at Zurcher, Odio & Raven; President of PLP, S.A.; Director at Payless ShoeSource Holdings, Ltd.; Director at Molinos de Costa Rica; Director at Promerica Financial Corporation, S.A. | Edgar Zurcher is the Director at PriceSmart since October 2009, following a previous tenure from November 2000 to February 2008, and he brings extensive legal and business expertise in Central America. | |
Gordon H. Hanson Board | Director | Tenured Faculty Member and Academic Dean for Strategy and Engagement at Harvard Kennedy School (since January 2020) | Gordon H. Hanson has been a director at PriceSmart, Inc. since April 2014 and brings over 30 years of international financial consulting expertise along with current academic leadership at Harvard Kennedy School since January 2020. | |
Jeffrey Fisher Board | Director of PriceSmart, Inc. | CFO of The Price Group, LLC; CFO and Director of Price Philanthropies Foundation; CFO of PriceSmart Foundation; CFO of Aaron Price Fellows Foundation; CFO of La Jolla Fay, LLC; CFO of IvanFay, LLC; CFO of RARSD, LLC | Jeffrey Fisher has been a director of PriceSmart, Inc. since November 2019 and brings over 44 years of finance and real estate experience. He has also served in several CFO roles at organizations such as The Price Group, LLC and Price Philanthropies Foundation. | |
John D. Thelan Board | director of PriceSmart, Inc. | Board of Visitors, Embry Riddle Aeronautical University (Since 2010); University of San Diego, School of Law Children’s Advocacy Institute (Since 2017) | John D. Thelan has served as an independent director at PriceSmart, Inc. since February 2023. He has extensive experience from senior executive roles at Costco Wholesale and has contributed his expertise in real estate and logistics in previous positions. | |
Leon C. Janks Board | Director | Managing Partner Emeritus at Green, Hasson & Janks LLP | Leon C. Janks has served as a Director of PriceSmart, Inc. since July 1997. He previously held executive board roles as Vice Chair (October 2017 to October 2018) and Lead Director (October 2018 to February 2020), and he contributes his expertise on committee memberships. | |
Patricia Márquez Board | Director | Member of the board of PriceSmart Foundation | Patricia Márquez has served as a director of PriceSmart, Inc. since February 2021 and is a member of the Environmental and Social Responsibility Committee. She has a distinguished career in academia and business, including roles at the University of San Diego and IESA, contributing to her expertise in environmental and social responsibility. | |
Sherry S. Bahrambeygui Board | Director | Director of the Board of the Price Philanthropies Foundation | Sherry S. Bahrambeygui has served as a Director at PriceSmart, Inc. since November 2011. Previously, she led the company as CEO from January 2019 to February 2023, guiding it through digital transformation and e-commerce expansion. |
- Given the ongoing uncertainty around tariffs and your heavy reliance on Asian imports routed through free trade zones, what specific contingency measures have you implemented to protect margins if reciprocal tariffs materialize?
- With nearly 50% of your merchandise sourced locally and 1/3 from the U.S., how will you adjust your supply chain strategy if additional international tariffs disrupt your current cost efficiencies?
- Considering the significant investment in consolidating freight directly to your markets from Asia, can you provide more details on how these changes will impact your overall time-to-market and operational costs?
- In light of the disclosed plan for up to six new club locations at various stages of due diligence, what is your expected timeline for these openings and how will they affect your capital expenditure in the coming year?
- With digital channel sales hitting a record high and driving notable growth, what specific technological investments and process improvements are you prioritizing to sustain this momentum without diluting your overall cost structure?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Operates in Central America and competes with the company through various retail formats such as hypermarkets and supermarkets. | |
Grupo Éxito | Operates in Colombia and competes with the company through various retail formats, including hypermarkets and supermarkets. |
Cencosud | Operates in Colombia and competes with the company through various retail formats, including hypermarkets and supermarkets. |
Expands its online marketplace and ships into most of the company's markets, posing competition in the e-commerce space. | |
Increases its presence in the company's markets, competing in the e-commerce sector. | |
Rappi | Operates in Colombia and has a partnership with the company, allowing members to place online orders through its platform. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Payless ShoeSource Holdings, Ltd. | Rents retail space | N/A | FY 2024 revenue: $0.63 million (0.01% of $4,913.9 million total ) |
Price Philanthropies Foundation | Purchases supplies | All | FY 2024 revenue: $0.34 million (0.01% of $4,913.9 million total ) |
Recent press releases and 8-K filings for PSMT.
- 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.