Core Insights - PriceSmart's stock price has reached new all-time highs in early 2025, indicating a potential upside of $45 as it broke out of a previous trading range and established new support levels [2][3] - The company's fiscal Q1 results for 2026 showed strong revenue growth of nearly 10%, driven by new store openings and comparable store sales, with net revenue of $1.38 billion exceeding analyst expectations by 140 basis points [5][6] - PriceSmart is positioned as a leader in emerging markets, benefiting from GDP growth in these regions, particularly in Latin America, which is expected to grow over 100 basis points faster than the global average [4] Financial Performance - The fiscal Q1 results indicated a 10.6% increase in net merchandise sales (9.5% on an FX-neutral basis) and an 8% increase in comparable sales, reflecting strong operational performance [5] - The company reported GAAP earnings of $1.29, beating consensus estimates by 1 cent, despite increased investment activities impacting earnings [6] Growth Strategy - PriceSmart plans to build four new stores, which are already under construction, and expand into key Caribbean markets such as Costa Rica, Jamaica, and the Dominican Republic [6] - The stock is considered to present value relative to peers and has shown faster growth over a comparable period, reinforcing its competitive position in the market [4]