Financial Data and Key Metrics Changes - Net merchandise sales and total revenue reached almost $1.4 billion during the first quarter, with net merchandise sales increasing by 10.6%, or 9.5% in constant currency [6] - Comparable net merchandise sales increased by 8%, or 6.9% in constant currency [6] - Operating income for the first quarter increased by 8% to $62.9 million [26] - Net income for the first quarter was $40.2 million, or $1.29 per diluted share, up from $37.4 million, or $1.21 per diluted share, in the prior year [27] - Adjusted EBITDA for the first quarter was $86.9 million, a growth of 9.8% [27] - Total gross margin remained unchanged at 15.9% of net merchandise sales [25] Business Line Data and Key Metrics Changes - In Central America, net merchandise sales increased by 9.6%, or 9.2% in constant currency, with comparable net merchandise sales up by 5.4% [7] - In the Caribbean, net merchandise sales increased by 5.7%, or 7.8% in constant currency, with comparable net merchandise sales up by 5.6% [8] - In Colombia, net merchandise sales surged by 27.8%, or 15% in constant currency, with comparable net merchandise sales increasing by 27.9%, or 14.7% in constant currency [8] Market Data and Key Metrics Changes - Membership accounts grew by 6.7% year over year to over 2 million accounts, with a strong renewal rate of 89.3% [9] - Digital channel sales reached $89.8 million, up 29.4% year over year, representing 6.6% of total net merchandise sales [18] - Private label sales represented 27% of total merchandise sales, down 70 basis points from the previous year [16] Company Strategy and Development Direction - The company is focusing on expanding its real estate footprint, with plans to open new clubs in the Dominican Republic, Jamaica, and Costa Rica [10][12] - A strategic emphasis is placed on growing Platinum memberships, which now represent 19.3% of total membership, up from 14% [9] - Investments in supply chain transformation and technology are ongoing, including the opening of new distribution centers and the implementation of advanced management platforms [15][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future, citing strong consumer demand and operational execution [5] - The company is monitoring economic factors such as remittance flows and U.S. tariffs, which have not significantly impacted operations to date [21][22] - Management noted that while there are challenges in certain markets, overall consumer demand remains strong [23] Other Important Information - The company is advancing its migration to a new forecasting and replenishment platform, expected to enhance inventory management and sales growth [15] - The company is also enhancing its digital capabilities, with a focus on improving the online shopping experience for members [18] Q&A Session Summary Question: Were the comps positive in Honduras and Panama despite supply chain issues? - Management indicated that there was front-loading of purchasing in Honduras due to elections, and recovery is noted post-election, while Panama is seeing acceptable results [33][34] Question: What factors contribute to Colombia's strong performance? - Management attributed Colombia's strength to favorable currency conditions, a strong local merchandise mix, and effective team operations [35][36] Question: How might increased migration from Venezuela affect Colombia's economy? - Management refrained from speculation but noted strong consumer demand in Colombia and a solid brand position [39] Question: Why did cash in Trinidad increase from $60 million to $80 million? - Management explained that the increase is due to seasonal cash flow variations and ongoing challenges in currency availability [40][41] Question: What insights have been gained from the Chilean market? - Management noted that Chile is competitive and digitalized, with no direct club models present, which presents an opportunity for differentiation [48] Question: How will warehouse and parking expansions impact operations? - Management stated that expansions improve member experience and operational efficiency, although specific regional impacts were not disclosed [51][52]

Financial Data and Key Metrics Changes - Net merchandise sales and total revenue reached almost $1.4 billion during the first quarter, with net merchandise sales increasing by 10.6%, or 9.5% in constant currency [5] - Comparable net merchandise sales increased by 8%, or 6.9% in constant currency [5] - Operating income for the first quarter increased by 8% to $62.9 million [25] - Net income for the first quarter was $40.2 million, or $1.29 per diluted share, up from $37.4 million, or $1.21 per diluted share, in the prior year [26] - Adjusted EBITDA for the first quarter was $86.9 million, a growth of 9.8% [26] - Total gross margin for the quarter remained strong and unchanged at 15.9% [24] Business Line Data and Key Metrics Changes - In Central America, net merchandise sales increased by 9.6%, or 9.2% in constant currency [6] - In the Caribbean, net merchandise sales increased by 5.7%, or 7.8% in constant currency [7] - In Colombia, net merchandise sales increased by 27.8%, or 15% in constant currency [8] - Membership accounts grew by 6.7% year over year to over 2 million accounts, with a strong renewal rate of 89.3% [9] - Private label sales represented 27% of total merchandise sales, down 70 basis points from the same period last year [16] Market Data and Key Metrics Changes - Digital channel sales reached $89.8 million, up 29.4% year over year, representing 6.6% of total net merchandise sales [18] - Orders placed directly through the website or app grew by 18.1%, with average transaction value up 10.1% [18] - Membership income as a percentage of revenue increased to 1.7%, compared to 1.6% in the prior year [10] Company Strategy and Development Direction - The company is focusing on expanding its real estate footprint, with plans to open new clubs in the Dominican Republic, Jamaica, and Costa Rica [10][12] - The company is advancing its supply chain transformation strategy, including opening new distribution centers and implementing a new forecasting platform [15][16] - The company aims to enhance its membership strategy by growing Platinum memberships, which represent 19.3% of the total membership base, up from 14% in the same period last year [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future, citing strong consumer demand and operational execution [5] - The company is monitoring remittance flows to Latin America and the Caribbean, which are significant for several markets [22] - Management noted that while U.S. tariffs do not apply to most merchandise, they continue to monitor the evolving trade policy environment [21] Other Important Information - The company is investing in technology to enhance both member and employee experience, including a new point of sale system and human capital management system [19][20] - The company is addressing operational disruptions caused by Hurricane Melissa, with existing clubs recovering quickly [11] Q&A Session Summary Question: Were the comps positive in Honduras and Panama despite issues? - Management indicated that there was front-loading of purchasing in Honduras due to elections, and recovery is seen post-election, while Panama is experiencing okay results [30] Question: What factors contribute to Colombia's strong performance? - Management attributed Colombia's strength to the favorable peso exchange rate, local merchandise mix, and strong team execution [31] Question: What impact might increased migration from Venezuela have on Colombia's economy? - Management refrained from speculation but noted strong consumer demand in Colombia [32] Question: Why did cash in Trinidad increase from $60 million to $80 million? - Management explained that the increase is due to seasonal cash flow fluctuations and ongoing challenges in the availability of U.S. dollars [33] Question: What insights have been gained from the Chilean market? - Management noted that Chile is competitive and digitalized, with no direct club models, but they feel optimistic about entering the market [36] Question: How sustainable is the revenue growth in Colombia? - Management expressed confidence in Colombia's growth, emphasizing efficient operations and a strong brand position [38]

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2026 PriceSmart, Inc. Overview Presentation Issued: January 2026 NASDAQ : PSMT 1 ForwardLookingStatements 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, 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 ...

Core Insights - PriceSmart, Inc. reported its first-quarter results after a strong finish to its 2025 fiscal year, indicating positive momentum for the company [1] - Over the past year, PriceSmart's shares have increased by 40%, suggesting a significant appreciation in stock value [1] Financial Performance - The company has shown strong performance metrics, although specific financial figures were not disclosed in the provided text [1]

Core Insights - PriceSmart, Inc. reported its first-quarter results after a strong finish to its 2025 fiscal year, indicating positive momentum for the company [1] - Over the past year, PriceSmart's shares have increased by 40%, suggesting a significant appreciation in stock value [1] Financial Performance - The company has shown strong performance metrics in its recent fiscal year, contributing to investor interest and stock price growth [1]

Financial Performance - Net merchandise sales increased by 10.6% to $1.35 billion in Q1 FY2026 compared to $1.22 billion in Q1 FY2025[3] - Total revenues for Q1 FY2026 rose by 9.9% to $1.38 billion from $1.26 billion in the same period last year[3] - Operating income for Q1 FY2026 was $62.9 million, up from $58.3 million in the prior-year period[6] - Net income increased by 7.3% to $40.2 million, or $1.29 per diluted share, compared to $37.4 million, or $1.21 per diluted share, in Q1 FY2025[6] - Adjusted EBITDA for Q1 FY2026 was $86.9 million, compared to $79.1 million in the same period last year[6] - Adjusted EBITDA for the three months ended November 30, 2025, was $86,904,000, compared to $79,117,000 for the same period in 2024, reflecting an increase of approximately 9.0%[17] Sales Growth - Comparable net merchandise sales for clubs open for more than 13.5 months increased by 8.0% for the 13-week period ended November 30, 2025[5] - Net merchandise sales for the three months ended November 30, 2025, reached $1,353,796,000, representing a growth rate of 10.6%[19] - Net merchandise sales on a constant-currency basis for the same period was $1,339,980,000, indicating a growth of 9.5%[19] - Comparable net merchandise sales growth rate for the three months ended November 30, 2025, was 8.0%[19] - Comparable net merchandise sales on a constant-currency basis grew by 6.9%[19] Foreign Currency Impact - Foreign currency exchange rate fluctuations positively impacted net merchandise sales by $13.8 million, or 1.1%[3] - The favorable impact of foreign currency exchange on net merchandise sales was $13,816,000, contributing 1.1% to the growth[19] Operational Expansion - The company plans to open its tenth warehouse club in Ciudad Quesada, Costa Rica, in fall 2026[7] - PriceSmart operates 56 warehouse clubs as of November 30, 2025, an increase from 54 clubs a year earlier[4] - The company anticipates operating 60 warehouse clubs once the new clubs in Costa Rica and the Dominican Republic are opened[10] Expenses - Interest expense increased to $4,420,000 in Q4 2025 from $2,695,000 in Q4 2024[17] - Provision for income taxes rose to $15,529,000 in Q4 2025, compared to $13,496,000 in Q4 2024[17] - Depreciation and amortization expenses increased to $23,977,000 in Q4 2025 from $20,862,000 in Q4 2024[17] - Other expenses, net, amounted to $5,761,000 for the three months ended November 30, 2025, down from $6,856,000 in the same period of 2024[17]

Expansion and Operations - As of November 30, 2025, PriceSmart operates 56 warehouse clubs across Central America, the Caribbean, and Colombia, with plans to expand into Chile[166]. - In fiscal year 2026, PriceSmart plans to open new warehouse clubs in the Dominican Republic, Jamaica, and Costa Rica, increasing its total to 60 clubs[171][172][173][175]. - PriceSmart is actively pursuing expansion opportunities in Chile, with executory agreements for two potential sites for new warehouse clubs[176]. - The company is enhancing its distribution and logistics network with new distribution centers planned in Trinidad, Colombia, and the Dominican Republic during fiscal year 2026[194]. - The company operated 56 warehouse clubs as of November 30, 2025, compared to 54 clubs a year earlier[199]. Financial Performance - Total revenues increased by 9.9% compared to the prior year period[199]. - Net merchandise sales rose by 10.6% year-over-year, reaching $1,353.8 million[203]. - Membership income increased by 15.9% to $23.4 million compared to the prior year[199]. - Adjusted EBITDA for the first quarter of fiscal year 2026 was $86.9 million, up from $79.1 million in the same period last year[200]. - Operating income increased by 8.0% to $62.9 million compared to the first quarter of fiscal year 2025[199]. - Comparable net merchandise sales increased by 8.0% for the thirteen weeks ended November 30, 2025[212]. - Total revenues for the three months ended November 30, 2025, were $1.38 billion, reflecting a 9.9% increase from $1.26 billion in the prior year[230]. Membership and Customer Engagement - The company has over 2 million membership accounts and 4 million cardholders, indicating strong customer engagement in its markets[166]. - Platinum Membership accounts increased to 19.3% of the total membership base as of November 30, 2025, up from 14.0% as of November 30, 2024, contributing to revenue growth[195]. - The number of member accounts increased by 6.7% year-over-year, reaching a total of 2,039,558 accounts as of November 30, 2025[223]. - Membership accounts for the Central America segment increased by 7.1%, contributing $13.5 million to membership income[223]. - The Colombian segment's membership income surged by 32.4% to $3.94 million, driven by currency appreciation and increased accounts[223]. Currency and Taxation - Approximately 80.9% of net merchandise sales in the first quarter of fiscal year 2026 were in currencies other than the U.S. dollar, highlighting exposure to currency fluctuations[179]. - The company experienced a 15% devaluation of the Colombian currency during fiscal year 2023, impacting its gross margin percentage[180]. - The company continues to monitor the impact of recent U.S. tax legislation, the One Big Beautiful Bill Act, on its operations and effective tax rate[187][188]. - In fiscal year 2023, the company recorded a $7.2 million charge to settle a minimum tax payment dispute due to changes in tax laws in one of its operating countries[189]. - The effective tax rate increased to 27.9% from 26.5% in the prior year, mainly due to non-recurring items[199]. Community and Philanthropy - PriceSmart is committed to improving community welfare, providing school supplies to approximately 140,000 children through its philanthropic initiatives[168]. Digital and Sales Channels - Digital channel sales in the first quarter of fiscal year 2026 reached $89.8 million, representing a 29.4% year-over-year increase and accounting for 6.6% of total net merchandise sales[196]. - Private-label sales under the "Member's Selection" brand represented 27.0% of total net merchandise sales in the first quarter of fiscal year 2026, down from 27.7% in the same period of fiscal year 2025[195]. Expenses and Cash Flow - Selling, general and administrative expenses rose by 12.9%, primarily due to technology investments and CEO compensation[199]. - Selling, general, and administrative expenses increased by $20.7 million, accounting for 13.1% of total revenues, up from 12.8% in the prior year[235]. - Net cash provided by operating activities was $71,245 million, an increase of $32,715 million from $38,530 million in the same period last year[256]. - Net cash used in investing activities totaled $90,267 million, a significant increase of $60,961 million compared to $29,306 million in the prior year[257]. - Capital expenditures for the three months ended November 30, 2025, were $38.6 million, with $20.1 million allocated for growth expenditures[260]. Shareholder Returns - The company declared an annual cash dividend of $1.26 per share, with $0.63 paid on February 28, 2025, and another $0.63 paid on August 29, 2025[259]. - The company expects to continue repurchasing shares related to employee stock awards at the prior day's closing price[265]. Risk Factors - The company faces risks from political instability, as seen with recent protests in Panama and Guatemala affecting access to warehouse clubs[181]. - The company has entered into financing transactions to provide its Trinidad subsidiary with additional U.S. dollar liquidity to meet operational needs due to ongoing foreign exchange illiquidity[190]. - The company’s tax returns are subject to routine reviews by taxing authorities, which may challenge interpretations used to calculate tax liabilities[269].

SAN DIEGO, Jan. 7, 2026 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ: PSMT), operator of 56 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal first quarter of 2026, which ended on November 30, 2025. First Quarter Financial Results Total revenues for the first quarter of fiscal year 2026 increased 9.9% to $1.38 billion compared to $1.26 billion in the comparable period of the prior year. For the first quarter of fiscal year 2026, net me ...

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