PriceSmart Revenue Jumps 13.9% to $1.52 Billion in Fourth Quarter
Key Facts
PriceSmart reported that total revenue in the fourth quarter of fiscal 2026 rose 13.9% to $1.52 billion, compared with $1.33 billion in the same period of the previous fiscal year. The company said in its earnings release, published via PR Newswire, that net merchandise sales increased 13.8% during the quarter. Comparable merchandise sales, which compare the performance of existing locations, rose 12.2%. Diluted earnings per share were $1.21, according to the earnings summary provided by the company. These figures put comparable sales growth below total revenue growth, with both measures increasing during the quarter.
The year-over-year comparison shows an acceleration in total revenue growth from the fourth quarter of fiscal 2025, when revenue rose 8.6% to $1.33 billion from $1.23 billion in the prior year. In that quarter, net merchandise sales increased 9.2% to $1.30 billion, compared with $1.19 billion in the fourth quarter of fiscal 2024. PriceSmart also reported net income of $31.5 million, or $1.02 per diluted share, at the time. Those results were higher than net income of $29.1 million and diluted earnings per share of $0.94 in the comparable period. The latest quarter’s $1.21 in earnings per share therefore follows the $1.02 recorded a year earlier, while the available results do not include a comparison with analyst expectations.
The earnings release coincides with PriceSmart’s expansion in Jamaica, where the company had previously announced plans to open its third club in Montego Bay and its fourth on South Camp Road in Kingston. In October 2025, it said the Montego Bay location, about 100 miles west of the nearest club in Kingston and built on a five-acre site, was expected to open in summer 2026. The South Camp Road location, about six miles southeast of the nearest club in Kingston and on a three-acre site, was planned to open in fall 2026. The company said at the time that opening the three new clubs planned would bring the total to 59 clubs. The available information does not establish that the opening of the third Jamaica location alone brought the operating total to 59.
The timeline for both projects was delayed following disruptions related to Hurricane Melissa in October 2025. The Jamaica Gleaner reported in January 2026 that the Montego Bay opening had been postponed to fall 2026, while the South Camp Road location was expected to open in winter 2026-2027. CEO David Price said at the time that the company did not expect further delays. A company filing with the U.S. Securities and Exchange Commission showed it had 57 operating clubs in 12 countries and one U.S. territory as of May 31, 2026. The filing listed two operating clubs in Jamaica, with the two new locations still slated to open in fall 2026 and winter 2026-2027, respectively.
The company’s call on its fourth-quarter results is scheduled for the day after the earnings release, with the investor relations calendar listing the earnings call for October 27, 2026. The upcoming date puts sales growth and the performance of existing locations at the forefront of what the company will present to investors, alongside an update on the status of its two Jamaica projects. The company’s shares, which trade under the ticker PSMT, closed at $170.95 on October 23, 2026. The market data provided does not include details on the session’s trading range or the stock’s response after the earnings release. The October 27 call remains the company’s next scheduled event in the available calendar.