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PriceSmart(PSMT) - 2025 Q3 - Earnings Call Presentation
2025-07-11 11:04
Business Overview - PriceSmart operates 55 warehouse clubs in 12 countries and one U S territory, serving nearly 20 million members[12,36] - The company is considering Chile as a potential new market for expansion[36] - The company's value proposition is based on "The Six Rights," focusing on merchandise, time, place, condition, quantity, and price[14] Financial Performance - Total revenue for the trailing twelve months (TTM) is $52 billion[51,131] - Net merchandise sales reached $385 billion year-to-date (YTD), with a 72% growth rate[104] - Membership income grew by 133% YTD, reaching $630 million[104] - Omni-channel sales represent 58% of total net merchandise sales YTD[104] Growth and Expansion - The company is planning to open its 57th club in La Romana, Dominican Republic, in the spring of 2026[17] - Digital platforms accounted for 49% of total net merchandise sales[17] - Private label penetration reached 277% of total net merchandise sales for the nine-month period ended May 31, 2025[71] Membership and Loyalty - The membership renewal rate is 880%[33,52] - The company has 197 million members[33,51]