Quarterly ResultApr 8, 2026, 04:12 PM
PriceSmart Reports Q2 FY2026 EPS of $1.62, Net Merchandise Sales Up 9.9% to $1.47 Billion; Announces Eighth Guatemala Club
AI Summary
PriceSmart, Inc. announced strong financial results for its fiscal second quarter ended February 28, 2026, with diluted earnings per share increasing to $1.62 from $1.45 in the prior year. The company saw net merchandise sales grow 9.9% to $1.47 billion, driven by both new club openings and robust comparable sales growth. This performance underscores the company's continued expansion and operational efficiency in its 56 warehouse clubs across 12 countries and one U.S. territory. Additionally, PriceSmart revealed plans to open its eighth warehouse club in Guatemala, signaling ongoing strategic growth in key markets.
Key Highlights
- Total revenues for Q2 FY2026 increased 9.7% to $1.50 billion, up from $1.36 billion in the comparable prior-year period.
- Net merchandise sales for Q2 FY2026 grew 9.9% to $1.47 billion, compared to $1.33 billion in Q2 FY2025, with constant currency sales up 7.8%.
- Diluted earnings per share for Q2 FY2026 rose to $1.62, an increase from $1.45 in Q2 FY2025.
- Net income for the second quarter increased 12.2% to $49.1 million, up from $43.8 million in the prior-year period.
- Comparable net merchandise sales for the 54 clubs open over 13.5 months increased 7.6% (5.5% in constant currency) for the 13-week period ended March 1, 2026.
- The company plans to open its eighth warehouse club in Guatemala, located in Vill, adding to its current 56 clubs in operation.