PriceSmart, Inc. announced its operating results for the fiscal first quarter of 2026, with net merchandise sales growing by 10.6% and comparable net merchandise sales increasing by 8.0% compared to the previous year.
Total revenues for the first quarter of fiscal year 2026 increased by 9.9% to $1.38 billion, showcasing strong financial performance.
The Company recorded a net income of $40.2 million, resulting in earnings per diluted share of $1.29 for the first quarter of fiscal year 2026.
Revenue Growth
Total revenues increased by 9.9% to $1.38 billion in the first quarter of fiscal year 2026.
Net Merchandise Sales
Net merchandise sales experienced a significant growth of 10.6% to $1.35 billion in the same period.
Operating Income
Operating income for the fiscal first quarter was $62.9 million, a positive performance compared to the prior year.
New Club Expansion
PriceSmart has purchased land in Costa Rica to open its tenth warehouse club, expanding its presence in the region.
Adjusted EBITDA
Adjusted EBITDA for the first quarter of fiscal year 2026 reached $86.9 million, reflecting the Company's financial strength.
- The Company's strong revenue and net merchandise sales growth demonstrate its ability to attract and retain customers in a competitive market.
- The planned expansion with the new club in Costa Rica signifies PriceSmart's strategic growth initiatives in the Latin America and Caribbean regions.
PriceSmart's positive financial results and expansion plans highlight its continued growth trajectory and solid position in the market.