PriceSmart's Q2 revenue, net income rise on existing club growth

PriceSmart

08/04/2026 21:11

Overview

U.S. warehouse club operator's fiscal Q2 revenue grew 9.7% yr/yr

Diluted EPS for fiscal Q2 rose to $1.62

Company plans eighth club in Guatemala, targeting spring 2027 opening

Outlook

Company plans to open five new clubs by spring 2027, bringing total to 61 locations

Result Drivers

SALES GROWTH - Net merchandise sales rose 9.9% yr/yr, with comparable net merchandise sales up 7.6%

CURRENCY IMPACT - Foreign currency exchange rates boosted net merchandise sales by $27.7 mln, or 2.1%

CLUB EXPANSION - Operating 56 clubs at quarter-end, up from 54 a year earlier

Company press release: ID:nPn8P6L6la

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.50 bln
$1.48 bln (2 Analysts)
Q2 EPS
$1.62
Q2 Net Income
$49.09 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "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 $134.50, about 10.8% below its April 7 closing price of $150.76

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 22 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.)