PriceSmart has exceeded market expectations, launching its 2026 fiscal year with a significant revenue increase. The company’s performance was bolstered by double-digit merchandise sales growth and a powerful surge in its digital segment. As PriceSmart eyes further physical expansion across Latin America, investors are assessing whether this momentum can be sustained.
- Revenue: $1.38 billion (+9.9%)
- Net Merchandise Sales: $1.35 billion (+10.6%)
- Earnings Per Share (EPS): $1.29
- Digital Sales Growth: +29.4%
- Member Accounts: 2.04 million
Digital Momentum and a Resilient Membership Base
A key driver of the strong quarterly results was the digital business, which now accounts for 6.6% of total merchandise sales. This 29.4% jump in digital revenue underscores the success of the company’s omnichannel strategy.
The membership model continues to demonstrate resilience. PriceSmart reported 2.04 million active accounts, with a stable renewal rate of 89.3%. Furthermore, the higher-tier Platinum membership program maintained its consistent growth trajectory, contributing to the firm’s financial health.
On the profitability front, operating income advanced by 8% to $62.9 million. Adjusted EBITDA saw a 9.8% increase, reaching $86.9 million for the quarter.
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Strategic Growth Through New Warehouse Clubs
The company’s growth strategy is firmly focused on expanding its physical footprint. Management has outlined plans to open new warehouse locations in the Dominican Republic by next spring, with additional openings scheduled for Jamaica and Costa Rica by fall 2026. This expansion aims to bring the total number of operational clubs to 59.
In a move signaling broader ambitions, PriceSmart is also evaluating a potential market entry into Chile. These steps highlight the company’s goal to solidify its leadership position in Latin America and the Caribbean through targeted investments in both physical infrastructure and digital capabilities.
Insider Activity and Forward Calendar
Separate from operational developments, a recent insider transaction was disclosed. Director Robert E. Price sold 2,000 shares of the company on January 26. Market observers are now closely monitoring the execution of the announced new club openings as a key indicator for assessing the sustainability of the current growth path.
PriceSmart is expected to publish its results for the second quarter of fiscal 2026 in early to mid-April 2026.
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