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PSMT

PriceSmart, Inc.

PSMT

PriceSmart, Inc. • NASDAQ
$123.10 ▼ -0.71% (-0.88)
Market Cap $3.80 B
52w High $126.70
52w Low $81.25
Dividend Yield 1.26%
P/E 25.49
Volume 100.25K
Outstanding Shares 30.89M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $1.331B ▲ $179.165M ▲ $31.541M ▼ 2.37% ▼ $1.02 ▼ $49.862M ▼
Q3-2025 $1.317B ▼ $173.422M ▲ $35.158M ▼ 2.669% ▼ $1.14 ▼ $74.585M ▼
Q2-2025 $1.364B ▲ $168.481M ▼ $43.76M ▲ 3.208% ▲ $1.45 ▲ $84.466M ▲
Q1-2025 $1.258B ▲ $1.2B ▲ $37.428M ▲ 2.975% ▲ $1.21 ▲ $74.486M ▲
Q4-2024 $1.226B $162.664M $29.068M 2.371% $-3.63 $66.575M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $314.21M ▲ $2.269B ▲ $1.022B ▲ $1.247B ▲
Q3-2025 $262.369M ▲ $2.144B ▲ $930.247M ▲ $1.214B ▲
Q2-2025 $247.296M ▲ $2.093B ▲ $920.079M ▼ $1.173B ▲
Q1-2025 $222.195M ▼ $2.088B ▲ $929.104M ▲ $1.159B ▲
Q4-2024 $225.529M $2.023B $899.729M $1.123B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $31.541M ▼ $82.147M ▲ $-33.093M ▼ $56.086M ▲ $102.172M ▲ $25.599M ▲
Q3-2025 $35.158M ▼ $52.775M ▼ $-16.28M ▲ $-1.159M ▲ $37.615M ▲ $14.001M ▼
Q2-2025 $43.76M ▲ $87.855M ▲ $-50.202M ▼ $-23.141M ▼ $9.043M ▲ $53.224M ▲
Q1-2025 $37.428M ▲ $38.53M ▼ $-29.306M ▼ $-17.588M ▲ $150K ▲ $10.349M ▼
Q4-2024 $29.068M $41.835M $-26.071M $-25.747M $-4.031M $15.163M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Foods And Sundries
Foods And Sundries
 $580.00M ▲$630.00M ▲$610.00M ▼$610.00M ▲
Fresh Foods
Fresh Foods
 $370.00M ▲$400.00M ▲$400.00M ▲$410.00M ▲
Hardlines
Hardlines
 $140.00M ▲$160.00M ▲$140.00M ▼$130.00M ▼
Health Services
Health Services
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Softlines
Softlines
 $70.00M ▲$80.00M ▲$70.00M ▼$80.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, showing a consistent ability to attract more members and drive higher sales per club. Profitability has improved alongside this growth: operating profits and net income have generally risen faster than sales, which suggests better cost control and operating leverage as the club base matures. Earnings per share have climbed in a fairly smooth pattern, helped by both higher profits and disciplined expense management. That said, this is still a low‑margin retail model, so results remain sensitive to product cost inflation, wage pressures, and currency swings in the markets where it operates.

Balance Sheet

Balance Sheet The balance sheet looks conservative and gradually stronger over time. Total assets have increased in line with the company’s growth, while shareholders’ equity has built up steadily, which points to retained earnings and a cautious approach to leverage. Debt levels are modest and have actually drifted down, which reduces financial risk and interest burdens. Cash on hand has stayed healthy relative to debt, giving the company flexibility to invest, manage volatility in its markets, and navigate downturns without relying heavily on borrowing.

Cash Flow

Cash Flow Cash generated from day‑to‑day operations has trended upward over the multi‑year period, even though there have been some bumps from year to year. The company has been through an investment phase, with meaningful capital spending on clubs and infrastructure, which at times compressed free cash flow. More recently, free cash flow has improved as prior investments begin to pay off and capital intensity looks somewhat lighter. Overall, the pattern suggests a business that can largely fund its growth from internal cash generation, but whose cash flows can be affected by working‑capital swings in volatile emerging markets.

Competitive Edge

Competitive Edge PriceSmart occupies a distinct niche as the leading membership warehouse club operator in Central America, the Caribbean, and Colombia, benefiting from a first‑mover position in many of its territories. Its membership model, focus on value, and curated product assortment create customer loyalty and recurring fee income that help smooth out earnings. A growing private‑label brand, in‑club wellness services, and a “treasure hunt” product mix differentiate it from traditional grocers and general retailers. The company’s tailored supply chain and local execution are important strengths in complex markets where larger global competitors have limited presence. Key competitive risks include currency volatility, political and regulatory uncertainty, and rising local or regional retail competition over time.

Innovation and R&D

Innovation and R&D Innovation at PriceSmart is focused on operations and customer experience rather than traditional laboratory R&D. The company is modernizing its supply chain with advanced forecasting and replenishment tools to keep shelves stocked while reducing waste, a critical edge in multi‑country logistics. It has accelerated its digital transformation, investing in an e‑commerce site, mobile app, and cloud‑based IT infrastructure to support omnichannel shopping, localization, and more agile pricing decisions. Data‑driven pricing, localized language support, and growing use of analytics to understand member behavior all deepen its competitive moat and should enhance margins if executed well. The main execution risks are technological complexity across many markets and the need to keep digital offerings evolving as consumer expectations rise.

Summary

Overall, PriceSmart combines steady, measured financial growth with a relatively conservative balance sheet and improving cash generation. Its warehouse‑club, membership‑fee model and focus on value in under‑served emerging markets give it a distinct positioning and some protection from direct global competitors. At the same time, the company is leaning into technology and digital tools to sharpen its operations and member experience, which could support further efficiency gains and loyalty. Key uncertainties revolve around macro conditions in its markets, currency and political risk, and the challenge of maintaining service quality and supply‑chain reliability as it expands. The long‑term story is one of disciplined growth, operational refinement, and careful balance between expansion and financial prudence.

NEWS

October 30, 2025 · 4:01 PM UTC

PRICESMART ANNOUNCES FISCAL 2025 FOURTH QUARTER OPERATING RESULTS AND PLANS FOR THIRD AND FOURTH WAREHOUSE CLUBS IN JAMAICA

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