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PriceSmart: Real Estate Expansion Is Accelerating—New Clubs, Bigger Remodels, & Market Share Upside!

PriceSmart, Inc. reported its first quarter fiscal 2026 earnings, reflecting a solid financial performance with a mix of growth and challenges. For the quarter ending November 30, 2025, PriceSmart achieved net merchandise sales of nearly $1.4 billion, a 10.6% increase from the prior year. In constant currency terms, this represents a 9.5% growth. Comparable merchandise sales rose by 8%, highlighting consumer demand resilience across the markets where PriceSmart operates. Notably, the company witnessed growth in different regional operations. In Central America, which encompasses 32 clubs, net merchandise sales grew by 9.6%. The Caribbean region, housing 14 clubs, saw a sales increase of 5.7% with positive growth in all its markets. Colombia stood out with a remarkable 27.8% increase in sales, bolstered by a favorable peso valuation and effective local team strategies. The membership base expanded by 6.7% to over two million accounts, achieving a commendable renewal rate of 89.3%.