Group 1 - The retail space presents occasional investment opportunities despite general skepticism [1] - PriceSmart is highlighted as a notable example of a potential investment in the retail sector [1] Group 2 - Crude Value Insights offers an investment service focused on oil and natural gas, emphasizing cash flow and growth prospects [1] - Subscribers benefit from a stock model account, cash flow analyses of exploration and production firms, and live sector discussions [2]

Financial Results Announcement - PriceSmart, Inc. plans to release financial results for the third quarter of fiscal year 2025 on July 10, 2025, after market close [1] - A conference call to discuss the financial results will be held on July 11, 2025, at 12:00 p.m. Eastern time [1] Expansion Plans - The company has purchased land for its sixth warehouse club in the Dominican Republic, located in La Romana, approximately 73 miles from the nearest club in Santo Domingo [2] - The new club is expected to open in the spring of 2026, bringing the total number of warehouse clubs operated by PriceSmart to 57 [2][3] - Additionally, PriceSmart plans to open another warehouse club in Quetzaltenango, Guatemala, in the summer of 2025 [3] Company Overview - PriceSmart operates U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean, currently managing 55 clubs across 12 countries and one U.S. territory [3] - The countries include ten clubs in Colombia, nine in Costa Rica, seven in Panama, and others in Guatemala, Dominican Republic, Trinidad, El Salvador, Honduras, Nicaragua, Jamaica, Aruba, Barbados, and the U.S. Virgin Islands [3]

Core Points - PriceSmart, Inc. has announced the appointment of Gualberto Hernandez as the new Chief Financial Officer (CFO) effective June 1, 2025, following the resignation of Michael McCleary by mutual agreement [1] - Michael McCleary will continue to serve as an Executive Vice President until September 30, 2025, and will provide consulting support for three months post-resignation [1] Group 1: Leadership Transition - Gualberto Hernandez has extensive experience, having served as Vice President Finance & Strategy for Latin America at The Estée Lauder Companies since January 2016, and held various leadership roles within the company [2] - Robert Price, Interim CEO, expressed gratitude for Michael McCleary's contributions over his 20-year tenure, highlighting the company's growth during his leadership, including a doubling of club count and an eight-fold increase in revenues [3] Group 2: Company Overview - PriceSmart operates 55 warehouse clubs across 12 countries and one U.S. territory, with plans to open a new club in Quetzaltenango, Guatemala in summer 2025, bringing the total to 56 [4]

2025 PriceSmart, Inc. Overview Presentation Issued April 2025 NASDAQ : PSMT This presentation may contain forward-looking statements concerning PriceSmart, Inc.'s ("PriceSmart", the "Company" or "we") anticipated future revenues and earnings, adequacy of future cash flows, future dividends, omni-channel initiatives, proposed warehouse club openings, the Company's performance relative to competitors and related matters. These forward-looking statements include, but are not limited to, statements containing t ...

Financial Data and Key Metrics Changes - In the second quarter, net merchandise sales reached over $1.3 billion, and total revenue was almost $1.4 billion [14] - Net merchandise sales increased by 0.8% or 7% in constant currency during the second quarter [15] - Net income for the second quarter was $43.8 million or $1.45 per diluted share, compared to $39.3 million or $1.31 per diluted share in the same quarter last year [25] - Adjusted EBITDA for the second quarter was $87 million compared to $84.1 million in the same period last year [25] - Total gross margins as a percentage of net merchandise sales decreased by 10 basis points to 26.6% [21] Business Line Data and Key Metrics Changes - In Central America, net merchandise sales increased by 0.4% or 0.6% in constant currency [15] - In the Caribbean, net merchandise sales increased by 0.4% or 0.6% in constant currency [16] - In Colombia, net merchandise sales increased by 0.6% or 16% in constant currency [17] - Membership accounts grew by 0.1% to over 1.9 million accounts, with a 12-month removal rate of 87% [18] Market Data and Key Metrics Changes - All markets in Central America had positive comparable net merchandise sales growth, except for El Salvador [15] - The Caribbean region contributed approximately 230 basis points to the growth in total consolidated comparable net merchandise sales for the second quarter [16] - Colombia contributed approximately 100 basis points to the growth in total consolidated comparable net merchandise sales for the quarter [17] Company Strategy and Development Direction - The company is focusing on enhancing its distribution infrastructure and plans to open new warehouse clubs in Guatemala and other locations [30][31] - The company is actively seeking ways to improve its distribution network, including operating its own fleet of trucks [33] - The company is investing in technology to enhance supply chain efficiency and improve the member experience [44] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing tariff challenges and emphasized the importance of sourcing products locally and regionally [10][11] - The company is developing contingency plans to adapt to the uncertain tariff environment [12] - Management expressed optimism about the growth opportunities in digital channels and plans to continue investing in this area [44] Other Important Information - The company opened its ninth warehouse club in Costa Rica during the quarter [9] - The effective tax rate for the second quarter was 22% compared to 25% a year ago, primarily due to tax optimization initiatives [24] - The company has seven recycling centers open and plans to expand this program [46] Q&A Session Summary Question: Impact of tariffs on merchandise sourcing - Management is not aware of any reciprocal tariffs imposed by Central American countries and believes the impact will be minimal [55][60] Question: Future store openings - Management disclosed that there are up to six locations in various stages of due diligence and permitting, but no specific timing was provided [66]

PRICESMART ANNOUNCES FISCAL 2025 SECOND QUARTER OPERATING RESULTS AND OPENING OF NINTH WAREHOUSE CLUB IN COSTA RICA NET MERCHANDISE SALES GREW 5.8% COMPARABLE NET MERCHANDISE SALES INCREASED 6.7% $1.45 EARNINGS PER DILUTED SHARE San Diego, CA (April 9, 2025) - PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ: PSMT), operator of 55 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal second quarter of 2025, which ended on February 28, 2025. Second Quarter Fin ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 28, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to COMMISSION FILE NUMBER 000-22793 (Exact name of registrant as specified in its charter) Delaware 33-0628530 (State or other jurisdiction ...

Core Insights - PriceSmart, Inc. reported a 5.6% increase in total revenues for the second quarter of fiscal year 2025, reaching $1.36 billion compared to $1.29 billion in the same period last year [2] - Net merchandise sales grew by 5.8% to $1.33 billion, with a constant currency increase of 7.0% [2][7] - The company achieved net income of $43.8 million, or $1.45 per diluted share, marking an 11.4% increase from the previous year [5][9] Financial Performance - Total revenues for the first six months of fiscal year 2025 increased by 6.6% to $2.62 billion compared to $2.46 billion in the prior year [7] - Net merchandise sales for the first half of fiscal year 2025 rose by 6.8% to $2.56 billion, with a constant currency increase of 7.6% [7] - Adjusted EBITDA for the second quarter was $87.0 million, up from $84.1 million in the same period last year [6] Comparable Sales - Comparable net merchandise sales for the 53 warehouse clubs open for more than 13.5 months increased by 6.7% for the 13-week period ending March 2, 2025 [4] - Comparable net merchandise sales on a constant currency basis for the same period rose by 7.9% [4][26] - For the 26-week period ending March 2, 2025, comparable net merchandise sales increased by 6.2%, with a constant currency increase of 7.1% [8][26] Operational Updates - As of February 28, 2025, PriceSmart operated 54 warehouse clubs, with a new club recently opened in Costa Rica, bringing the total to 55 [3][11] - The company plans to open an additional warehouse club in Quetzaltenango, Guatemala in the summer of 2025, which will increase the total to 56 [15] Currency Impact - Foreign currency exchange rate fluctuations negatively impacted net merchandise sales by $14.7 million, or 1.2%, in the second quarter compared to the prior year [2][24] - For the first six months, the negative impact from foreign currency exchange was $19.4 million, or 0.8% [7][24]

Core Points - Robert Price will step down as Interim CEO of PriceSmart effective August 31, 2025, transitioning to Executive Chairman of the Board of Directors [1][2] - David Price, currently Executive Vice President and Chief Transformation Officer, will succeed Robert Price as CEO starting September 1, 2025 [1][2] - The transition is part of a succession plan approved by the Board of Directors, ensuring continuity in leadership and company culture [2][3] Company Overview - PriceSmart operates U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean, with 54 clubs across 12 countries and one U.S. territory [5] - The company plans to open two new warehouse clubs in 2025, one in Cartago, Costa Rica, and another in Quetzaltenango, Guatemala, bringing the total to 56 clubs [5]

Group 1 - PriceSmart, Inc. plans to release its financial results for the second quarter of fiscal year 2025 on April 9, 2025, after market close [1] - A conference call to discuss the financial results will be held on April 10, 2025, at 12:00 p.m. Eastern time [1] - PriceSmart operates 54 warehouse clubs across 12 countries and one U.S. territory, with plans to open two additional clubs in Costa Rica and Guatemala in 2025 [2] Group 2 - The company emphasizes its focus on providing high-quality merchandise and services at low prices to its members [2] - Once the new clubs are opened, PriceSmart will operate a total of 56 warehouse clubs [2]