Core Insights - PriceSmart, Inc. (PSMT) reported third-quarter fiscal 2025 results with year-over-year increases in both revenue and earnings, although earnings fell short of the Zacks Consensus Estimate [1][4]. Financial Performance - Adjusted earnings per share for the quarter were $1.14, missing the Zacks Consensus Estimate of $1.16, but representing a 5.6% increase from $1.08 in the same quarter last year [4]. - Total revenues reached $1.32 billion, marking a 7.1% increase from the prior-year quarter, while net merchandise sales climbed to $1.29 billion, an 8% increase year-over-year [4]. - On a constant currency basis, net merchandise sales rose by 9.5%, although foreign currency fluctuations negatively impacted sales by $18.6 million, or 1.5% [4]. - Membership income increased by 13.4% year-over-year to $21.9 million [4]. Comparable Sales - Comparable net merchandise sales grew by 7% for the 13 weeks ending June 1, 2025, compared to the same period the previous year, with an 8.5% increase on a constant currency basis [5]. Cost and Margins - Selling, general and administrative expenses totaled $172.8 million, up 8.4% from $159.5 million in the prior-year quarter, representing approximately 13.1% of total revenues [8]. - Operating income for the quarter was $56.2 million, an increase from $49.9 million in the prior-year period, with an operating margin improvement of 20 basis points to approximately 4.3% [9]. EBITDA and Financial Health - Adjusted EBITDA increased by 11.2% year-over-year to $79 million, with an adjusted EBITDA margin of approximately 6%, up 20 basis points from the previous year [10][11]. - The company ended the quarter with cash and cash equivalents of $168 million, long-term debt of $86.2 million, and total shareholders' equity of $1.21 billion [12]. - As of May 31, 2025, PriceSmart operated 55 warehouse clubs, an increase from 54 clubs a year earlier [12]. Strategic Expansion - PriceSmart is evaluating Chile as a potential new market for multiple warehouse clubs, indicating a commitment to strategic expansion and long-term growth [3][2].

Financial Performance - Aflac's U S GAAP ROE decreased significantly from 33% in 1Q24 to 04% in 1Q25[9, 33] - Adjusted earnings per diluted share remained consistent at $166 in both 1Q25 and 1Q24[31] - Adjusted earnings excluding current period foreign currency impact saw a slight increase of 06% from $166 in 1Q24 to $167 in 1Q25[31] - Adjusted earnings decreased by 57% from $961 million in 1Q24 to $906 million in 1Q25[32] - Adjusted earnings excluding current period foreign currency impact decreased by 49% from $961 million in 1Q24 to $914 million in 1Q25[32] Persistency and Operating Ratios - Aflac Japan maintained solid persistency with a rate of 938% in 1Q25[11] - Aflac U S also maintained solid persistency with a rate of 793% in 1Q25[16] - Aflac Japan's YTD actual benefit ratio was 658%, expense ratio was 196%, and pretax profit margin was 318%[14] - Aflac U S's YTD actual benefit ratio was 477%, expense ratio was 376%, and pretax profit ratio was 208%[18] Capital Management and Ratios - Aflac continued tactical capital deployment through dividends and share repurchases, with $317 million in dividends and repurchase in 1Q25[20] - The company maintains strong capital ratios, with an estimated regulatory ESR in Japan greater than 250% and a combined RBC ratio in the U S greater than 600%[22] - The adjusted leverage ratio was 207% in 1Q25[25]