Corrected: PriceSmart Q3 revenue, profit rise supported by new club openings

PriceSmart

08/07/2026 21:15

Corrects second Overview bullet to fix metric to EPS from adjusted EPS

Overview
Warehouse club operator's fiscal Q3 revenue grew 12.5% yr/yr to $1.48 bln
EPS for fiscal Q3 rose to $1.28
Company plans first club in Chile and eleventh in Costa Rica

Outlook
PriceSmart plans to open its first club in Chile in spring 2027
Company expects to open eleventh club in Costa Rica in spring 2027
PriceSmart expects to operate 63 clubs once all planned openings are complete

Result Drivers
NET MERCHANDISE SALES - Net merchandise sales grew 12.5% yr/yr, supported by new club openings
CURRENCY IMPACT - Foreign currency exchange rate fluctuations added $50.6 mln, or 4.0%, to net merchandise sales
COMPARABLE SALES GROWTH - Comparable net merchandise sales for clubs open more than 13.5 months rose 10.7% yr/yr

Company press release: ID:nPn6Qv5m1a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.48 bln
$1.43 bln (2 Analysts)
Q3 EPS
 
$1.28
 
Q3 Net Income
 
$39.69 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the discount stores peer group is "buy"
Wall Street's median 12-month price target for PriceSmart Inc is $147.50, about 23.2% below its July 7 closing price of $191.95
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 24 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)