May 2026 (Q3 FY26) — Jul 9, 2026
PriceSmart Q3 FY26 — Strong Membership Growth and Chile Expansion
Read the full callPriceSmart (PSMT) earnings
- May 2026
- May 2026 (Q3 FY26)
- Aug 2025
PriceSmart earnings: last reported Thu, 9 Jul 2026, for the quarter ended May 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,482 | +12.5% YoY | Quarterly, as filed | Quarter to May 2026 | Revenue from operations as filed. |
| Operating margin | 4.4 | +0.2 pts YoY | Operating profit / revenue | Quarter to May 2026 | For the quarter; a change is in percentage points. |
| Net profit | 39.7 | +12.9% YoY | Quarterly, as filed | Quarter to May 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
8 of 11 judged targets kept · 9 open · verdicts reflect calls analysed to May 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Dominican Republic La Romana warehouse club opening (6th Dominican Republic club) | anticipated to open in the spring of 2026 | May 2025 | We also recently opened our sixth warehouse club in the Dominican Republic in Larman in May 2026. | Achieved |
| Workday HCM system go-live | expect to go live by end of the third quarter | Feb 2026 | we made meaningful progress on our implementation of Workday's human capital management system, rolling out Phase 1 of the project this past quarter | Missed |
| RELEX forecasting/replenishment platform implementation | expected to be completed by the end of fiscal 2025 | Aug 2024 | we are continuing to make progress on the rollout of the relaxed forecasting and replenishment platform and expect to complete the full implementation in the second quarter of fiscal year 2017 | Delayed |
3 of PRICESMART INC's 20 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 17 more targets are in the full ledger.
Claimed
- Net merchandise sales increased by 12.5% (8.5% in constant currency) to almost $1.5 billion.
- Comparable net merchandise sales increased by 10.7% (6.9% in constant currency).
- Membership accounts grew 8.6% year-over-year to over 2.1 million, with membership income up 17.6%.
- 12-month renewal rate reached a new all-time high of 90.5%.
- Digital channel sales reached a record $99.6 million, up 26.2% year-over-year, representing 6.9% of total net merchandise sales.
Qualified
- Foreign currency transaction costs resulted in a $10.5 million net loss in total other expense, up from $7.2 million in the prior year.
- Inventory balances are trending higher, consuming $9 million of cash in operating activities.
- Warehouse club and other operational costs increased to 9.7% of total revenue, primarily due to expenses supporting the Chile launch.
- Operating income in Colombia declined despite comp sales, due to a mix of higher warehouse expenses and policy changes impacting labor costs.
Price
$170.63 +0.48% · +$0.82
Performance +40.0% 1Y
1Y: $121.86 on 17 Oct 2025 → $170.63. High $197.9 (2 Jul 2026), low $114.94 (31 Oct 2025).
- Previous close
- $169.81
- 52-week range
- $114.94 – $197.9
- One year
- +39.88%
Overview
- Symbol
- PSMT
- Sector
- Consumer Staples
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
8 of 11 judged targets kept · 9 open · verdicts reflect calls analysed to May 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Dominican Republic La Romana warehouse club opening (6th Dominican Republic club) | anticipated to open in the spring of 2026 | May 2025 | We also recently opened our sixth warehouse club in the Dominican Republic in Larman in May 2026. | Achieved |
| Workday HCM system go-live | expect to go live by end of the third quarter | Feb 2026 | we made meaningful progress on our implementation of Workday's human capital management system, rolling out Phase 1 of the project this past quarter | Missed |
| RELEX forecasting/replenishment platform implementation | expected to be completed by the end of fiscal 2025 | Aug 2024 | we are continuing to make progress on the rollout of the relaxed forecasting and replenishment platform and expect to complete the full implementation in the second quarter of fiscal year 2017 | Delayed |
Claimed
- Net merchandise sales increased by 12.5% (8.5% in constant currency) to almost $1.5 billion.
- Comparable net merchandise sales increased by 10.7% (6.9% in constant currency).
- Membership accounts grew 8.6% year-over-year to over 2.1 million, with membership income up 17.6%.
- 12-month renewal rate reached a new all-time high of 90.5%.
- Digital channel sales reached a record $99.6 million, up 26.2% year-over-year, representing 6.9% of total net merchandise sales.
Qualified
- Foreign currency transaction costs resulted in a $10.5 million net loss in total other expense, up from $7.2 million in the prior year.
- Inventory balances are trending higher, consuming $9 million of cash in operating activities.
- Warehouse club and other operational costs increased to 9.7% of total revenue, primarily due to expenses supporting the Chile launch.
- Operating income in Colombia declined despite comp sales, due to a mix of higher warehouse expenses and policy changes impacting labor costs.
The full ledger
Open PRICESMART INC’s full ledger
A free account opens 5 company ledgers a month. All 20 tracked commitments, with each call’s wording and source.
Call summaries
Feb 2026 (Q2 FY26) — Apr 9, 2026
PriceSmart Q2 FY26 — Strong Sales Growth and Record Membership Renewal
Read the full callEvery analysed call
PriceSmart earnings calls (PSMT)
Financials
What the filings say
Net profit, year on year: +13% (quarter to may 2026 against may 2025).
| Line item | Aug 2024 | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Feb 2026 | May 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,226 | 1,258 | 1,364 | 1,317 | 1,331 | 1,383 | 1,496 | 1,482 |
| Expenses | 1,177 | 1,200 | 1,299 | 1,261 | 1,278 | 1,320 | 1,420 | 1,416 |
| Operating profit | 49 | 58 | 65 | 56 | 53 | 63 | 75 | 66 |
| Operating margin | 4.0% | 4.6% | 4.8% | 4.3% | 4.0% | 4.5% | 5.0% | 4.4% |
| Other income | — | -7 | -5 | -7 | — | -7 | -9 | -11 |
| Interest | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 |
| Profit before tax | 42 | 51 | 60 | 49 | 46 | 56 | 67 | 55 |
| Tax rate | 30.4% | 26.5% | 27.2% | 28.4% | 32.0% | 27.9% | 26.4% | 28.0% |
| Net profit | 29 | 37 | 44 | 35 | 32 | 40 | 49 | 40 |
| EPS ($ per share) | — | 1.21 | 1.45 | 1.14 | — | 1.29 | 1.62 | 1.28 |
| Line item | Aug 2018 | Aug 2019 | Aug 2020 | Aug 2021 | Aug 2022 | Aug 2023 | Aug 2024 | Aug 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 474 | 526 | 582 | 659 | 737 | 818 | 890 | 999 |
| Total liabilities | 458 | 498 | 824 | 790 | 817 | 899 | 900 | 1,022 |
| Fixed assets | 594 | 671 | 692 | 730 | 757 | 850 | 936 | 996 |
| Investments | 32 | 17 | 47 | 50 | 11 | 91 | 100 | 73 |
| Total assets | 1,216 | 1,296 | 1,657 | 1,706 | 1,808 | 2,006 | 2,023 | 2,269 |
| Line item | Aug 2018 | Aug 2019 | Aug 2020 | Aug 2021 | Aug 2022 | Aug 2023 | Aug 2024 | Aug 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 119 | 170 | 259 | 127 | 122 | 257 | 208 | 261 |
| Cash from investing | -154 | -125 | -131 | -117 | -75 | -222 | -175 | -129 |
| Cash from financing | -28 | -32 | 76 | -95 | -12 | -41 | -150 | 14 |
| Net cash flow | -69 | 9 | 198 | -88 | 36 | 1 | -116 | 149 |
| Capital expenditure | -98 | -140 | -100 | -113 | -121 | -143 | -169 | -158 |
| Free cash flow | 21 | 30 | 159 | 14 | 1 | 115 | 39 | 103 |
PSMT revenue by segment
Colombia Operations grew from 11% to 14% of revenue over the last two years.
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Central American Operations | 61% | 60% | 60% | 61% | 61% | 60% | 60% | 60% | +10.6% |
| Caribbean Operations | 27% | 27% | 28% | 27% | 27% | 26% | 27% | 26% | +6.9% |
| Colombia Operations | 11% | 11% | 11% | 12% | 13% | 13% | 14% | 14% | +35.4% |
| United States Operations | 1% | 1% | <1% | <1% | <1% | <1% | <1% | <1% | +46.8% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
PSMT operating KPIs by quarter
| KPI | 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.
Insider filings
67 filings between Oct 27, 2025 and Sep 17, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$13.70M
36 sales by 9 insiders
Compensation
not trading decisions- 15
- Award — granted as compensation
- 7
- Tax withheld — shares kept back by the company to cover tax
Also filed: 9 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| PRICE ROBERT E | — | $7.48M | Jul 20, 2026 |
| HILDEBRANDT JOHN D | — | $2.17M | Jan 12, 2026 |
| Bahrambeygui Sherry S. | — | $1.77M | Aug 3, 2026 |
| Kovaleski Paul | — | $731.8K | Jan 12, 2026 |
| INFANTE BEATRIZ V | — | $429.8K | Jul 13, 2026 |
| JANKS LEON C | — | $411.9K | Jan 12, 2026 |
| ZURCHER EDGAR | — | $350.5K | May 4, 2026 |
| Hanson Gordon H. | — | $200.0K | Apr 30, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 17, 2026 | Hernandez Gualberto EVP & Chief Financial Officer | Award | 2,601 | $0 |
| Sep 17, 2026 | White Shari G. EVP-Chief Merch. Officer | Award | 19,006 | $0 |
| Sep 17, 2026 | Bhatia Shweta EVP and CIO | Award | 26,913 | $0 |
| Sep 17, 2026 | HILDEBRANDT JOHN D President and COO | Award | 6,131 | $0 |
| Sep 17, 2026 | Price David R CEO | Award | 8,499 | $0 |
| Sep 17, 2026 | Velasco Francisco EVP - CLO, CRCO | Award | 2,943 | $0 |
| Aug 17, 2026 | Velasco Francisco EVP - CLO, CRCO | Sale | 338 | $60.1K |
| Aug 3, 2026 | Bahrambeygui Sherry S. Director | Sale | 3,499 | $690.6K |
| Jul 31, 2026 | Bahrambeygui Sherry S. Director | Sale | 800 | $155.6K |
| Jul 31, 2026 | Bahrambeygui Sherry S. Director | Sale | 200 | $38.9K |
| Jul 29, 2026 | PRICE ROBERT E Director | Gift | 6,400 | $0 |
| Jul 29, 2026 | Price Philanthropies Foundation 10% owner | Gift | 6,400 | $0 |
| Jul 29, 2026 | Bahrambeygui Sherry S. Director | Sale | 1,000 | $192.7K |
| Jul 28, 2026 | Bahrambeygui Sherry S. Director | Sale | 1,100 | $211.5K |
| Jul 23, 2026 | Bahrambeygui Sherry S. Director | Sale | 200 | $36.9K |
| Jul 23, 2026 | Bahrambeygui Sherry S. Director | Sale | 200 | $36.9K |
| Jul 22, 2026 | Price Philanthropies Foundation 10% owner | Gift | 128,000 | $0 |
| Jul 22, 2026 | Bahrambeygui Sherry S. Director | Sale | 200 | $37.8K |
| Jul 22, 2026 | Bahrambeygui Sherry S. Director | Sale | 200 | $37.8K |
| Jul 20, 2026 | PRICE ROBERT E Director | Sale | 4,655 | $846.0K |
| Jul 20, 2026 | PRICE ROBERT E Director | Sale | 200 | $36.6K |
| Jul 17, 2026 | Bahrambeygui Sherry S. Director | Sale | 200 | $38.1K |
| Jul 17, 2026 | PRICE ROBERT E Director | Sale | 4,300 | $811.9K |
| Jul 17, 2026 | Bahrambeygui Sherry S. Director | Sale | 200 | $38.0K |
| Jul 17, 2026 | PRICE ROBERT E Director | Sale | 3,700 | $691.7K |
| Jul 16, 2026 | PRICE ROBERT E Director | Sale | 7,299 | $1.38M |
| Jul 16, 2026 | PRICE ROBERT E Director | Sale | 1,100 | $210.3K |
| Jul 14, 2026 | Bahrambeygui Sherry S. Director | Sale | 1,100 | $214.1K |
| Jul 13, 2026 | Bahrambeygui Sherry S. Director | Sale | 200 | $39.0K |
| Jul 13, 2026 | INFANTE BEATRIZ V Director | Sale | 800 | $156.8K |
| Jun 22, 2026 | PRICE ROBERT E Director | Gift | 9,000 | $0 |
| Jun 22, 2026 | PRICE ROBERT E Director | Gift | 9,000 | $0 |
| May 15, 2026 | Velasco Francisco EVP - CLO, CRCO | Sale | 338 | $53.6K |
| May 4, 2026 | ZURCHER EDGAR Director | Sale | 2,259 | $350.5K |
| Apr 30, 2026 | Hanson Gordon H. Director | Sale | 635 | $100.1K |
| Apr 29, 2026 | Price Philanthropies Foundation 10% owner | Gift | 8,000 | $0 |
| Apr 29, 2026 | PRICE ROBERT E Director | Gift | 8,000 | $0 |
| Apr 24, 2026 | Kovaleski Paul EVP-Chief Merch. Officer | Tax withheld | 19 | $3.1K |
| Apr 23, 2026 | PRICE ROBERT E Director | Sale | 10,000 | $1.62M |
| Apr 22, 2026 | PRICE ROBERT E Director | Sale | 10,000 | $1.60M |
| Feb 13, 2026 | Velasco Francisco EVP - CLO, CRCO | Sale | 338 | $52.3K |
| Feb 5, 2026 | FISHER JEFFREY Director | Award | 1,131 | $0 |
| Feb 5, 2026 | snyder david r Director | Award | 1,131 | $0 |
| Feb 5, 2026 | Bahrambeygui Sherry S. Director | Award | 1,131 | $0 |
| Feb 5, 2026 | ZURCHER EDGAR Director | Award | 1,131 | $0 |
| Feb 5, 2026 | JANKS LEON C Director | Award | 1,131 | $0 |
| Feb 5, 2026 | Thelan John Director | Award | 1,131 | $0 |
| Feb 5, 2026 | Marquez Patricia Director | Award | 1,131 | $0 |
| Feb 5, 2026 | INFANTE BEATRIZ V Director | Award | 1,131 | $0 |
| Feb 5, 2026 | Hanson Gordon H. Director | Award | 1,131 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Start an Inve Case for PRICESMART INC
Free account. Everything above stays public.
Write why you follow PRICESMART INC and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading