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PriceSmart Enters Chile — Could Its First Warehouse Club Reshape Its Latin American Footprint?

PriceSmart, Inc. reported its third quarter fiscal year 2026 results amid ongoing global economic uncertainties and currency volatility affecting multinational operations. The company achieved net merchandise sales of nearly $1.5 billion, reflecting an increase of 12.5% nominally and 8.5% on a constant currency basis. Comparable net merchandise sales rose 10.7%, or 6.9% constant currency, demonstrating growth momentum despite challenges like shifting seasonal demand and inflationary pressures across its diverse markets. Geographically, Central America led with net merchandise sales up 10.6% (7.7% constant currency) across 32 clubs, contributing significantly to consolidated comparable sales growth. The Caribbean and Colombia also posted increases of 6.8% and 35.3% in net merchandise sales, respectively, although Colombia’s results partially benefited from peso appreciation. Category-wise, both food and non-food segments grew in the low double digits, supported by strategic merchandise reconfigurations and promotional events such as the FIFA World Cup.