The company’s growth trajectory remains anchored in its physical expansion and steady membership demand. Net merchandise sales reached $1.45 billion, driving the bottom line past the $35.2 million profit recorded during the same period last year. With 57 warehouse clubs now in operation—up from 55 a year ago—PriceSmart is actively widening its geographic footprint.
In section Market Quotes
PriceSmart Earnings Surge on Strong Membership Sales
PriceSmart outperformed Wall Street expectations this quarter, reporting a 13% jump in revenue to $1.48 billion. The warehouse club operator saw net income climb to $39.7 million, or $1.28 per share, buoyed by an 11% increase in comparable net merchandise sales across its Central American and Caribbean markets.
Management is moving into new territory, securing a lease for its inaugural warehouse club in Chile. Additionally, the company purchased land in Costa Rica to develop its eleventh location in that country, signaling a sustained commitment to aggressive regional scaling.
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