Key Highlights

  • PriceSmart (NASDAQ:PSMT) reported fiscal fourth-quarter revenue of USD 1.52 billion on October 26, 2026, up 13.9% from USD 1.33 billion, with net merchandise sales of USD 1.48 billion.
  • Diluted EPS was USD 1.21 against USD 1.02 a year earlier, about 1 cent below consensus of USD 1.22 in published market data, while net income rose 19.3% to USD 37.6 million.
  • Comparable sales rose 12.2% as reported but 6.2% in constant currency, so about 6 points of the headline growth came from currency, simple arithmetic on two company figures.
  • The company opened its 59th club in Montego Bay in October 2026 and lists four more openings, which would lift PriceSmart (NASDAQ:PSMT) to 63 clubs by spring 2027.

What the Quarter Delivered

For the quarter ended August 31, 2026, PriceSmart reported total revenues of USD 1.52 billion, up 13.9%, and net merchandise sales of USD 1.48 billion, up 13.8%. Membership income rose to USD 27.2 million from USD 22.6 million, and operating income reached USD 57.0 million against USD 52.8 million. Net income was USD 37.6 million and diluted EPS was USD 1.21. For the full fiscal year, revenue was USD 5.88 billion, up 11.5%, net income was USD 166.6 million and EPS was USD 5.40 against USD 4.82. Adjusted EBITDA for the year was USD 360.5 million, and the quarterly figure was USD 83.5 million, up from USD 75.5 million.

Currency, Comparables and Club Growth

The gap between reported and constant-currency growth is the central point for investors. Net merchandise sales rose 13.8% as reported but 7.8% in constant currency, and comparable sales at the 55 clubs open more than 13.5 months rose 12.2% reported and 6.2% in constant currency. PriceSmart sells in local currencies across Central America, the Caribbean and Colombia, so a weaker dollar lifts reported results. The release gave no numeric guidance and no executive commentary. Its forward view is the club pipeline: 58 clubs at August 31, 2026, 59 after Montego Bay, then Kingston in December 2026, Villa Nueva in Guatemala, Santo Tomas de Santo Domingo in Costa Rica and Comuna Las Condes in Chile in 2027.

Risks and What to Watch

Property and equipment rose from USD 996.3 million to USD 1,182.7 million during the fiscal year, about 18.7%, so new clubs and distribution capacity are absorbing capital that must earn a return. The EPS shortfall against consensus was small, but it shows that cost growth kept pace with sales in the quarter. Currency can also reverse: if local currencies weaken against the dollar, the 6-point boost to comparable sales would fade. Investors will watch the Kingston opening in December 2026, how new clubs ramp, and whether management offers guidance on the next call. The release did not describe the stock reaction, and none is assumed here.

Where Things Stand

The answer is that PriceSmart said little beyond its numbers: revenue grew 13.9% to USD 1.52 billion, EPS of USD 1.21 slightly trailed consensus of USD 1.22, and growth was roughly half currency. The release carried no guidance or executive quote, so the message sits in the club pipeline of 59 open and four more planned. PriceSmart (NASDAQ:PSMT) therefore looks like a steady expansion story with real currency exposure. The next catalyst is the Kingston club in December 2026. This is not investment advice.