PriceSmart Reports 13.9% Q4 Revenue Growth and $1.21 Diluted EPS

What happened

PriceSmart reported fourth-quarter fiscal 2026 revenue of $1.52 billion, up 13.9% year over year, and diluted earnings per share of $1.21. Net income rose 19.3% to $37.6 million, while adjusted EBITDA increased to $83.5 million.

Confirmed

Global impact / market context

Faster revenue growth than profit growth can mean costs rose alongside sales, so the profit per sale matters. Rising net income and adjusted EBITDA, which means earnings before interest, taxes, depreciation and amortization, suggest the core business is generating more cash to fund expansion.

Analyst inference

Comparable net merchandise sales rose 12.2%, but only 6.2% on a constant-currency basis, which strips out currency moves. That gap suggests currency shifts flattered reported sales, so investors may weigh how much growth came from real customer demand rather than exchange rates.

Analyst inference

What to watch

1. PriceSmart opened its third warehouse club in Jamaica in October, in Montego Bay, an approximately 42,000-square-foot location with solar panels, LED lighting, CO2-based cooling and other energy-efficient equipment. Confirmed
2. Watch whether new clubs add sales fast enough to cover their construction and setup costs, since opening stores requires upfront capital spending, which means money spent on long-term assets. Proposed
3. Watch constant-currency comparable sales, which exclude currency swings, for a cleaner read on real demand; slower growth there would suggest reported gains rely on currency and new store openings. Analyst inference

Evidence

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