PSMT PriceSmart (PSMT) Q2 FY26 earnings call
PriceSmart delivered a strong second quarter, marked by broad-based sales growth and a record-high membership renewal rate, indicating strong member value perception. The company continues to invest in strategic initiatives including real estate expansion, supply chain transformation, and technology upgrades to enhance operational efficiency and future growth. While navigating currency volatility and macroeconomic pressures, management remains focused on driving value and expanding its footprint, particularly in new markets like Chile.
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PSMT operating KPIs by quarter
| KPI | This call Feb 2026 Q2 FY26 | May 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|
| Warehouses Central America | 32First, in Central America, where we had 32 clubs at quarter end, net merchandise sales increased 8.6% or 7.8% in constant currency.Source: earnings call transcript | 32First, in Central America, where we had 32 clubs at quarter end, net merchandise sales increased 10.6% or 7.7% in constant currency.Source: earnings call transcript | 0% |
| Warehouses Caribbean | 14Second, in the Caribbean, where we had 14 clubs at quarter end, net merchandise sales increased 4.3% or 5.3% in constant currency.Source: earnings call transcript | 15Second, in the Caribbean, where we had 15 clubs at quarter end, net merchandise sales increased 6.8% or 6.2% in constant currency.Source: earnings call transcript | +7.1% |
| Warehouses Colombia | 10Last, in Colombia, where we had 10 clubs open at the end of our second quarter, net merchandise sales increased 30.5% or 13.8% in constant currency.Source: earnings call transcript | 10Last, in Colombia, where we had 10 clubs at quarter end, net merchandise sales increased 35.3% or 18.6% in constant currency.Source: earnings call transcript | 0% |
| Membership renewal rate | 90.2%Membership accounts grew 7.9% year-over-year to almost 2.1 million accounts with a strong 12-month renewal rate of 90.2% as of February 28.Source: earnings call transcript | 90.5%Our 12-month renewal rate was 90.5%, as of May 31, a new all-time high for the second consecutive quarter and a result that we're really proud of.Source: earnings call transcript | +0.3 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.