PriceSmart, Inc. reported financial results for its fourth quarter ended August 31, 2026, and announced the opening of a new warehouse club in Jamaica. Total revenues for the quarter increased 13.9% to $1.52 billion, compared to $1.33 billion in the prior year. Net merchandise sales grew 13.8% to $1.48 billion, while constant currency net merchandise sales increased 7.8%.
Comparable net merchandise sales for the 55 clubs open for more than 13.5 calendar months increased 12.2% for the 13-week period ended August 30, 2026. The company recorded operating income of $57.0 million and net income of $37.6 million, or $1.21 per diluted share, compared to $31.5 million, or $1.02 per diluted share, in the prior year.
For the fiscal year ended August 31, 2026, total revenues increased 11.5% to $5.88 billion. Net merchandise sales increased 11.7% to $5.75 billion, and comparable net merchandise sales increased 9.6% for the 52-week period. Net income for the year was $166.6 million, or $5.40 per diluted share.
As of August 31, 2026, the company operated 58 warehouse clubs compared to 56 the previous year. On October 26, 2026, PriceSmart opened its third warehouse club in Jamaica, located on a five-acre site in Montego Bay with a sales floor of approximately 42,000 square feet. The club features sustainable design elements, including solar panels and energy-efficient LED lighting.
Management will host a conference call at 12:00 p.m. Eastern time on Tuesday, October 27, 2026, to discuss the results. The company also disclosed plans to open one new club in Kingston, Jamaica in December 2026, and clubs in Guatemala, Costa Rica, and Chile in 2027.
