PriceSmart

PriceSmart operates membership shopping clubs in Latin America and the Caribbean. Members pay an annual fee to buy goods at low prices. The company sells groceries, electronics, and household goods in large stores.

What's in the Warehouse?

• Foods and Sundries: Groceries and daily household supplies; accounted for $1.31 billion of net merchandise sales for the six months ended February 28, 2026.
• Fresh Foods: Meat, produce, and dairy items; represented $870 million of net merchandise sales for the six months ended February 28, 2026.
• Hardlines: Electronics, appliances, and home goods; contributed $307 million to net merchandise sales for the six months ended February 28, 2026.
• Softlines: Clothing and textile products for families; totaled $182 million of net merchandise sales for the six months ended February 28, 2026.
• Club Services: Prepared food, bakery goods, optical services, and tire centers for members; accounted for $153 million of net merchandise sales for the six months ended February 28, 2026.

Building More Stores

• Opening a new warehouse club in La Romana, Dominican Republic in May 2026.
• Expanding in Jamaica with two new locations in Montego Bay and Kingston during 2026.
• Planning new club openings in Ciudad Quesada, Costa Rica in summer 2026 and Villa Nueva, Guatemala in spring 2027.
• Relocating a club in Miraflores, Guatemala with delivery of the new building expected in the first half of 2027.
• Dissolved ownership in the GolfPark Plaza, S.A. joint venture during the first quarter of fiscal year 2026.

A Regional Logistics Network

PriceSmart operates 56 warehouse clubs across 12 countries and one U.S. territory as of February 28, 2026. The company manages its own distribution and logistics to supply international markets and owns 100% of its operating legal entities.

Recent Financial Performance

• Total revenues reached $1.5 billion in Q2 2026, up 9.7% from $1.4 billion in Q2 2025.
• Operating income rose to $75.9 million in Q2 2026, a 14.1% increase year-over-year.
• Net income was $49.1 million in Q2 2026, up 12.6% from $43.6 million in the previous year.
• Free cash flow dropped to $12.3 million in Q2 2026, down 76.9% from $53.2 million in Q2 2025.
• Merchandise inventories increased to $623.1 million as of February 28, 2026, up from $560.7 million on August 31, 2025.

Bottom Line

PriceSmart has grown its retail presence by exporting the warehouse club model to emerging markets. The company continues to increase its physical footprint while building digital capabilities to reach more members.