PriceSmart reported total revenues of $1.52 billion for the fourth quarter of fiscal 2026, representing a 13.9% year-over-year increase and exceeding the $1.46 billion consensus. While net income rose 19.3% to $37.6 million, diluted earnings per share of $1.21 fell short of the $1.27 analyst estimate. The quarter was significantly buoyed by favorable foreign currency tailwinds, which contributed approximately 6.0% to the total net merchandise sales growth.
Key Highlights
- Comparable net merchandise sales grew 12.2% for the 13-week period, though growth was a more modest 6.2% on a constant-currency basis.
- Foreign currency exchange rate fluctuations had a material $78.5 million positive impact on net merchandise sales during the quarter.
- The company expanded its club count to 59 with a new opening in Jamaica and confirmed a pipeline of four additional clubs planned for Jamaica, Guatemala, Costa Rica, and Chile.