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PriceSmart Goes All-In On Chile — Three New Clubs Open A Growth Frontier!

PriceSmart, Inc. reported solid operational and financial results for the third quarter of fiscal year 2026, reflecting growth amid challenging macroeconomic and geopolitical conditions. Net merchandise sales grew 12.5% year-over-year (8.5% in constant currency), reaching nearly $1.5 billion, with comparable net merchandise sales up 10.7% (6.9% in constant currency). For the first nine months, net merchandise sales and total revenue were roughly $4.3 billion and $4.4 billion, respectively, marking double-digit increases. Positive sales momentum was observed across multiple key regions, with Colombia exhibiting especially strong growth driven by currency appreciation and market expansion. Central America and the Caribbean also contributed to consolidated sales growth. Membership expanded 8.6% year-over-year to over 2.1 million accounts, with Platinum membership growing notably to 21.3% of the base. Membership income rose 17.6%, reflecting effective loyalty initiatives including auto-renewal programs and enhanced Platinum benefits. The renewal rate hit a record 90.5%, indicating high member retention.