Pricesmart (PSMT)
NASDAQ:PSMT
Earnings Data
Report Date
Jul 09, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
1.32Last Year’s EPS
1.14Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated broad-based revenue and profitability growth, notable execution on membership expansion, private label initiatives, digital momentum, margin improvement and planned real estate and supply chain investments. The company also flagged manageable near-term headwinds — primarily foreign-exchange volatility (unrealized FX losses), modest SG&A pressure from investments and some working capital/cash constraints (including restricted cash in Trinidad) — and noted monitoring of geopolitical and tariff-related risks. Overall the positives in sales, margins, membership metrics, EBITDA and expansion plans materially outweigh the challenges called out, which management characterizes as monitored and non-material to date.Company Guidance
Strong Revenue and Comparable Sales Growth
Second quarter net merchandise sales and total revenue reached almost $1.5 billion. Net merchandise sales increased 9.9% (7.8% in constant currency) and comparable net merchandise sales increased 7.6% (5.5% in constant currency). For the first half, net merchandise sales exceeded $2.8 billion, up 10.2% (8.6% CC) with comparable net merchandise sales up 7.8% (6.2% CC).
Robust Profitability and Margin Expansion
Total gross margin improved 50 basis points to 16.1% of net merchandise sales and total revenue margin rose 60 basis points to 17.7% of total revenue versus prior year, driven by product mix shifts and savings from Asian consolidation.
Earnings and EBITDA Growth
Operating income for Q2 increased 15.6% to $75.4 million. Net income for Q2 rose 11.7% to $49.1 million ($1.62 diluted EPS). Adjusted EBITDA for Q2 was $99.7 million, up 14.6% year-over-year. YTD net income increased 9.4% to $89.3 million and YTD adjusted EBITDA grew 12.3% to $186.6 million.
Regional Performance — Colombia Surge
Colombia net merchandise sales jumped 30.5% (13.8% in constant currency) and comparable net merchandise sales increased 31.3% (14.7% CC), contributing ~360 basis points to consolidated comparable net merchandise sales growth; drivers included Colombian peso appreciation, higher member traffic and improved assortment.
Membership Growth and Record Renewals
Membership accounts grew 7.9% year-over-year to ~2.1 million. Twelve-month renewal rate reached an all-time high of 90.2%. Platinum accounts rose to 19.5% of the membership base from 14.5% a year ago, and membership income as a percentage of revenue increased to 1.6% (from 1.5%).
Category and Product Strength
Foods category grew ~9.2% with fresh proteins (seafood, poultry, meat) each exceeding 15% growth. Nonfood rose ~12.4%, food service and bakery grew ~12.2% and health services (optical, audiology, pharmacy) increased ~13%. Softlines benefited from promotions (domestic white sale more than doubled sales vs prior year).
Digital & Omnichannel Momentum
Digital channel sales reached $94.1 million, up 23.4% YoY and representing 6.4% of net merchandise sales — the highest dollar volume to date. Website/app orders grew 10.9% with average transaction value up 10.8%. 74.7% of members have online profiles and >25% have transacted online.
Real Estate and Supply Chain Investments
Opened new distribution center in Trinidad and began operations; planned DCs in Colombia and Jamaica (FY26) and Dominican Republic (FY27). Announced five new clubs across Dominican Republic, Jamaica, Costa Rica and Guatemala to bring total to 61 once opened; sustainability features highlighted in new La Romana club.
Private Label Penetration and Cost Savings
Private label penetration increased ~50 basis points in the first 6 months; updated methodology shows private label at 26.6% of merchandise sales. Local sourcing initiatives (e.g., bottled water in Colombia) cut prices by ~23% and lowered carbon footprint.
Shareholder Returns and Cash Generation
Declared annual cash dividend of $1.40 per share, an 11.1% increase year-over-year (fifth consecutive increase). Net cash provided by operating activities was $133.3 million for the first six months and the company ended the quarter with $195.1 million in cash & restricted cash plus ~$149.7 million in short-term investments.
PSMT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PSMT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 08, 2026 | $156.70 | $161.26 | +2.91% |
Jan 07, 2026 | $127.05 | $132.83 | +4.55% |
Oct 30, 2025 | $122.36 | $114.42 | -6.48% |
Jul 10, 2025 | $101.67 | $107.08 | +5.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Pricesmart (PSMT) report earnings?
Pricesmart (PSMT) is schdueled to report earning on Jul 09, 2026, After Close (Confirmed).
What is Pricesmart (PSMT) earnings time?
Pricesmart (PSMT) earnings time is at Jul 09, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PSMT EPS forecast?
PSMT EPS forecast for the fiscal quarter 2026 (Q3) is 1.32.