PriceSmart Q3 Revenues Jump 12.5% to $1.48B, Eyes Chile Entry
PSMT•PriceSmart’s fiscal Q3 revenues rose 12.5% to $1.48 billion and net merchandise sales increased 12.5% to $1.45 billion, driving net income up 12.9% to $39.7 million ($1.28 per share). The company plans its first warehouse club in Chile’s Las Condes and an 11th club in Costa Rica in spring 2027.
1. Third Quarter Financial Results
PriceSmart reported Q3 total revenues of $1.48 billion, a 12.5% increase year-over-year, with net merchandise sales of $1.45 billion also up 12.5%. Operating income climbed to $65.6 million from $56.2 million, net income rose 12.9% to $39.7 million ($1.28 per diluted share), and Adjusted EBITDA reached $90.4 million.
2. Comparable Sales and Currency Impact
Comparable net merchandise sales at 54 established clubs increased 10.7%, or 6.9% on a constant currency basis, for the quarter. Foreign exchange fluctuations added a 4.0% uplift to net merchandise sales and a 3.8% boost to comparable sales.
3. Expansion in Chile and Costa Rica
The company has secured a lease for its first Chile warehouse club in Las Condes and purchased land for an 11th Costa Rica club in Santo Tomas de Santo Domingo. Both locations are slated to open in spring 2027, increasing the club count to 63 once operational.
