PriceSmart Q3 2026 Results Overview
PriceSmart Inc. (NASDAQ:PSMT) reported mixed third‑quarter results for the period ended May 31, 2026. Total revenue climbed 12.5% year‑over‑year to $1.48 billion, surpassing the analyst consensus estimate of $1.42 billion. Net merchandise sales rose in tandem to $1.45 billion, also a 12.5% increase from $1.29 billion in the comparable quarter of fiscal 2025.
Comparable net merchandise sales for the 54 warehouse clubs that had been open for more than 13½ calendar months grew 10.7% over the 13‑week period. Foreign‑currency exchange rate fluctuations added $50.6 million, or 4.0%, to net merchandise sales versus the same period last year.
Net income increased 12.9% to $39.7 million, translating to diluted earnings of $1.28 per share, compared with $35.2 million and $1.14 per share in the prior‑year quarter. However, the $1.28 EPS missed the consensus estimate of $1.32, and the stock fell 1.6% in after‑hours trading following the announcement.
Operating income rose to $65.6 million from $56.2 million a year earlier, while adjusted EBITDA improved to $90.4 million versus $79.0 million in the prior year.
The company operated 57 warehouse clubs as of May 31, 2026, up from 55 clubs a year earlier. Management announced its planned entry into Chile with the first location in the Las Condes corridor of Santiago, slated to open in spring 2027 and notable for being the first warehouse club situated within a mall setting. Additionally, PriceSmart purchased land for its eleventh Costa Rica location in Santo Tomás de Santo Domingo.