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# PriceSmart Profit Climbs 19% As Currency Adds 6.0% To Quarterly Sales Growth
- URL: https://www.bullished.co/pricesmart-profit-climbs-19-as-currency-adds-6-0-to-quarterly-sales-growth-0203baba/
- Published: 2026-10-26T20:23:34.000Z
- Updated: 2026-10-26T20:23:34.000Z
- Description: Net income reached $37.6 million in the fiscal fourth quarter, while constant-currency sales growth was 7.8% against 13.8% reported.
- Author: Matteo Parrino
- Tags: Earnings, PSMT, Industry: Consumer Staples

[PriceSmart](https://www.bullished.co/tag/psmt/), which runs membership warehouse clubs in Latin America and the Caribbean, said fiscal fourth-quarter net income rose 19.3% to [$37.6 million](https://www.sec.gov/Archives/edgar/data/0001041803/000104180326000041/psmt-20260831xexx991.htm?ref=bullished.co), or $1.21 per diluted share, in results released Monday. Foreign-currency effects supplied 6.0% of the 13.8% growth in net merchandise sales.

## Currency flatters the sales line

Total revenues for the quarter ended August 31 [rose 13.9%](https://www.prnewswire.com/news-releases/pricesmart-announces-fiscal-2026-fourth-quarter-operating-results-and-opening-of-third-club-in-jamaica-302919803.html?ref=bullished.co) to $1.52 billion, and net merchandise sales rose 13.8% to $1.48 billion. Currency exchange effects added $78.5 million, or 6.0%, so growth in constant currency was 7.8%.

Comparable sales at the [55 clubs open](https://www.prnewswire.com/news-releases/pricesmart-announces-fiscal-2026-fourth-quarter-operating-results-and-opening-of-third-club-in-jamaica-302919803.html?ref=bullished.co) longer than 13½ months rose 12.2% as reported for the 13 weeks ended August 30\. In constant currency the gain was 6.2%.

Operating income was $57.0 million, against $52.8 million a year earlier. Adjusted EBITDA, the company's earnings measure before interest, taxes and depreciation, was $83.5 million against $75.5 million. Net income was $31.5 million, or $1.02 per share, a year earlier.

## A full year of double-digit gains

For fiscal 2026, net income rose 12.6% to $166.6 million, or $5.40 per diluted share, from $147.9 million, or $4.82\. Revenue rose 11.5% to $5.88 billion. Net merchandise sales grew 11.7%, or 8.4% in constant currency.

The company, which sells groceries, fresh foods, appliances and other goods to members who pay an annual fee, had 58 clubs on August 31, up from 56 a year earlier. Membership fees were about 1.8% of net merchandise sales and 38.6% of operating income in fiscal 2026, according to its annual report.

## Jamaica opens, four more clubs queued

PriceSmart opened its third club in Jamaica in October, in Montego Bay, with a sales floor of about 42,000 square feet. It runs 59 clubs in 12 countries and one U.S. territory.

Four more openings are planned: Kingston, Jamaica, in December; Villa Nueva, Guatemala, in late winter of 2027; Heredia, Costa Rica, in spring 2027; and Santiago, Chile, in spring 2027\. That would bring the total to 63 clubs.

Management hosts a call at 12:00 p.m. Eastern on Tuesday, October 27, to discuss the results.

### Sources

- [8-K Filing — PRICESMART INC (PSMT)](https://www.sec.gov/Archives/edgar/data/0001041803/000104180326000041/psmt-20261026.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit psmt-20260831xexx991.htm — PRICESMART INC 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001041803/000104180326000041/psmt-20260831xexx991.htm?ref=bullished.co) — SEC EDGAR
- [PRICESMART ANNOUNCES FISCAL 2026 FOURTH QUARTER OPERATING RESULTS AND OPENING OF THIRD CLUB IN JAMAICA](https://www.prnewswire.com/news-releases/pricesmart-announces-fiscal-2026-fourth-quarter-operating-results-and-opening-of-third-club-in-jamaica-302919803.html?ref=bullished.co) — prnewswire.com

### More on PriceSmart

- [PriceSmart's Tax Rate Fell To 26.8% While It Reserved More Against Credits Expiring From Fiscal 2030](https://www.bullished.co/pricesmarts-tax-rate-fell-to-26-8-while-it-reserved-more-against-credits-expiring-from-f135c658/)

[All PriceSmart (PSMT) coverage →](https://www.bullished.co/tag/psmt/)