PriceSmart, Inc.
121.08-1.85 (-1.5%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · PSMT · USD
Key Stats
Market Cap
3.72BP/E (TTM)
25.49Basic EPS (TTM)
4.75Dividend Yield
0.01%Recent Filings
8-K
Q3 sales up 8%, eyeing Chile
PriceSmart reported fiscal 2025 third-quarter net merchandise sales up 8.0% to $1.29 billion, with comparable sales rising 7.0%, though foreign exchange headwinds shaved 1.5%. Operating income climbed to $56.2 million, driving net income of $35.2 million or $1.14 per diluted share. Expansion eyes Chile. Solid growth persists.
10-Q
Q3 FY2025 results
PriceSmart's Q3 FY2025 results showed solid momentum, with total revenues up 7.1% y/y to $1.32B and net merchandise sales rising 8.0% y/y (9.5% constant currency) to $1.29B, driven by 6.0% transaction growth and 1.9% higher average ticket across 55 clubs. Operating income climbed 12.7% y/y to $56.2M, lifting margins to 15.8% from 15.6%, while diluted EPS held steady at $1.14 on 30.1M shares, reconciling cleanly with net income of $35.2M. Central America (60.8% of sales) and Caribbean (27.5%) fueled gains, though Colombia's 10.1% y/y sales jump masked 9.2% currency drag. Cash swelled to $168.0M with $179.2M operating cash flow (up 8.1% y/y), yielding $77.4M free cash flow after $101.6M capex; total debt eased to $122.0M with $152.3M revolver availability and no covenant issues. Yet foreign exchange volatility, especially in Colombia and the Dominican Republic, remains a persistent drag on reported figures.
8-K
PriceSmart names new CFO
PriceSmart appointed Gualberto Hernandez as Executive Vice President and Chief Financial Officer effective June 1, 2025, succeeding Michael McCleary, who resigned by mutual agreement but will stay on as Executive Vice President through September 30, 2025, followed by three months of consulting up to 40 hours monthly. Hernandez, 61, brings extensive Latin America finance experience from Estée Lauder and Sephora, with a $720,000 base salary, $180,000 target bonus, $4.5 million stock award, and $150,000 sign-on bonus. McCleary receives $721,000 severance and continued equity vesting for 12,074 shares. Smooth handover bolsters regional expertise amid warehouse expansion.
10-Q
Q2 FY2025 results
PriceSmart's Q2 FY2025 results showed steady topline momentum, with net merchandise sales up 5.8% y/y to $1.33B and 6.8% y/y to $2.56B YTD, while comparable sales rose 6.7% y/y (derived) in the quarter amid 7.0% constant-currency growth. Gross margins held at 15.6% in the quarter, dipping 10 bps y/y, as membership income climbed 12.8% y/y to $20.9M on fee hikes and a 4.1% larger base. Operating income edged up 2.6% y/y to $65.3M, with diluted EPS steady at $1.45, reconciling to 30.1M shares; YTD, EPS gained 4.7% y/y to $2.66 on 1.4% higher operating income of $123.5M. Cash from operations reached $126.4M YTD, funding $62.8M capex and $19.4M dividends, while total debt fell to $107.1M with $130.4M cash. Yet currency devaluations in Colombia and the Dominican Republic masked underlying strength. Solid liquidity persists. Tariffs on imports pose a supply chain risk.
8-K
PriceSmart Q2 sales up 5.8%
PriceSmart reported solid Q2 fiscal 2025 results, with total revenues climbing 5.6% to $1.36 billion and net merchandise sales up 5.8% to $1.33 billion, despite a 1.2% hit from currency fluctuations. Comparable sales rose 6.7%, driving operating income to $65.3 million and net income to $43.8 million, or $1.45 per diluted share. The company opened its ninth warehouse club in Costa Rica, expanding to 55 locations. Currency volatility persists as a key headwind.
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