PriceSmart (NASDAQ:PSMT), the largest operator of membership warehouse clubs in Central America, the Caribbean, and Colombia, reported robust financial results for its second fiscal quarter ended February 28, 2026, on April 8, 2026.
Total revenues for the quarter reached $1.50 billion, a 9.7% increase compared to the same period in the prior year.
Net merchandise sales grew by 9.9% to $1.47 billion, driven by healthy consumer demand across its core markets and a 7.6% increase in comparable store sales.
The company reported diluted earnings per share (EPS) of $1.62, up from $1.45 in the second quarter of fiscal 2025.
The company’s operational efficiency was reflected in its rising margins, with operating income climbing 15.5% to $75.4 million.
Net income for the quarter rose to $49.1 million, while adjusted EBITDA reached $99.7 million, representing a 14.5% year-over-year improvement.
As of the end of the quarter, PriceSmart operated 56 warehouse clubs across 12 countries and one U.S. territory.
In tandem with the earnings report, the company announced plans for further regional expansion, including the development of an eighth club in Guatemala.
The new facility will be located on a five-acre site in Villa Nueva and is expected to open in the spring of 2027.