PriceSmart, Inc. Announces Fiscal 2026 Second Quarter Operating Results

PriceSmart, Inc. reported its fiscal second quarter 2026 results, ending February 28, 2026. Total revenues increased by 9.7% to $1.50 billion, with net merchandise sales growing by 9.9% to $1.47 billion. Comparable net merchandise sales saw a 7.6% increase. Operating income rose to $75.4 million from $65.3 million in the prior year. Net income for the quarter was $49.1 million, or $1.62 per diluted share, an increase from $43.8 million, or $1.45 per diluted share, in the second quarter of fiscal year 2025. Adjusted EBITDA for the quarter was $99.7 million, up from $87.0 million year-over-year. The company also announced plans to open its eighth warehouse club in Guatemala. For the first six months of fiscal year 2026, total revenues were $2.88 billion, a 9.8% increase, with net income at $89.3 million, or $2.91 per diluted share. The company had 56 warehouse clubs in operation as of February 28, 2026, and plans to open five new clubs, bringing the total to 61.