PriceSmart Q1 revenue rises 10%

PriceSmart

07/01/2026 21:11

Overview

Warehouse club operator's fiscal Q1 revenue rose 9.9% yr/yr

Net merchandise sales grew 10.6% yr/yr

Company plans to open tenth club in Costa Rica

Outlook

PriceSmart plans to open tenth warehouse club in Costa Rica in fall 2026

Company expects to operate 60 clubs once new locations open

PriceSmart plans new club openings in Dominican Republic and Jamaica in 2026

Result Drivers

FOREIGN EXCHANGE IMPACT - Favorable foreign currency exchange rate fluctuations positively impacted net merchandise sales by $13.8 mln

CLUB EXPANSION - Increase in warehouse clubs from 54 to 56 contributed to sales growth

COMPARABLE SALES GROWTH - Comparable net merchandise sales increased 8.0% for clubs open more than 13.5 months

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.29
Q1 Net Income
$40.17 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 $112.50, about 11.5% below its January 6 closing price of $127.14

Press Release: ID:nPnSRw9za

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(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.)