PriceSmart Q3 EPS Jumps 12.3% to $1.28; Announces First Chile Club, Costa Rica Expansion
PSMT sits 90% above its 52-week low of $101.3.
Summary
PriceSmart reported strong fiscal Q3 2026 operating results, posting higher sales and profit. The company's net merchandise sales increased 12.5% to $1.45 billion, contributing to overall revenues of $1.48 billion, while net income reached $39.7 million. Diluted EPS jumped 12.3% to $1.28, continuing a positive financial trend from Q2. These revenue and profit increases were supported by new club openings. PriceSmart also announced strategic expansion plans, including its first warehouse club in Chile, anticipated to open in Spring 2027, and an eleventh club in Costa Rica, initiatives significant for long-term revenue and membership expansion.
At the time of this announcement, PSMT was trading at $192.00 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $5.8B. The 52-week trading range was $101.30 to $199.84. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: PR Newswire.