PriceSmart Posts Strong Second Quarter Results Amid Global Uncertainty
On Thursday, April 9th, 2026, PriceSmart, Inc. released its earnings for the second quarter of fiscal year 2026, showcasing a robust performance amidst global challenges.
David Price, Chief Executive Officer, highlighted the company's strong results, citing broad-based growth across regions and an all-time high membership renewal rate. Despite facing continued currency volatility, evolving trade policies, and macroeconomic pressures, PriceSmart delivered value to its members in good times and bad.
The company reported net merchandise sales of almost $1.5 billion for the quarter, representing a 9.9% increase or 7.8% in constant currency. Comparable net merchandise sales rose by 7.6%, or 5.5% in constant currency. Notably, the recent club openings in Cartago and Quetzaltenango were not yet included in comparable sales numbers.
Over the first half of the fiscal year, PriceSmart achieved significant milestones. Net merchandise sales reached over $2.8 billion, while total revenue approached $2.9 billion. The company's net merchandise sales increased by 10.2%, or 8.6% in constant currency, with comparable net merchandise sales growing by 7.8%, or 6.2% in constant currency.
The average sales ticket grew by 2.2%, and transactions rose 7.5% versus the same prior year period. This growth was underpinned by a 3.3% increase in the average price per item, despite a 1% decrease in average items per basket.
PriceSmart's performance across its key markets was particularly noteworthy. In Central America, where the company operated 32 clubs at quarter end, net merchandise sales increased by 8.6%, or 7.8% in constant currency. Comparable net merchandise sales rose by 4.7%, or 4% in constant currency.
The Caribbean segment also demonstrated resilience, with net merchandise sales increasing by 4.3%, or 5.3% in constant currency. Comparable net merchandise sales grew by 4%, driven by the company's ability to adapt and thrive in a rapidly changing global environment.
As PriceSmart continues to navigate these challenges, its commitment to delivering value to members remains unwavering. The company's dedication to innovation, customer satisfaction, and employee engagement will undoubtedly contribute to its sustained success in the face of adversity."
