PriceSmart's Stellar Q3 Performance: A Testament to Innovation and Execution
In a recent conference call, PriceSmart, the retail powerhouse, revealed an outstanding performance in the third quarter of fiscal year 2025. The company's Interim Chief Executive Officer, Robert Price, and other senior executives shared their thoughts on the impressive results during the call.
According to Michael McCleary, Executive Vice President of Finance, the company had a strong quarter, with significant contributions from its employees and management team. As he noted, "We will be discussing the information that we provided in our earnings press release and our 10-Q which were both released on July 10, 2025."
One of the key highlights of the quarter was the appointment of David Price, the grandson of Sol Price, as the company's new Chief Executive Officer. David is well-prepared to take on this role, having worked across various areas of the business and having a deep understanding of what makes PriceSmart different.
In his opening remarks, Robert Price expressed his appreciation for the company's employees, who have made significant contributions to its success. He also acknowledged Michael McCleary's dedication and service to the company, which will be missed. The company is welcoming Gualberto Hernandez as its new Chief Financial Officer.
The CEO-elect, David Price, shared his vision for the company's future, prioritizing employee welfare, delivering exceptional value to members, and driving sustainable long-term results. He emphasized that he is committed to leading with the same values that have guided PriceSmart from its inception.
The conference call was attended by investors and analysts who had an opportunity to ask questions as time permitted. The company's management team provided detailed insights into their performance, offering a glimpse into the company's future strategies.
As PriceSmart continues to innovate and execute its plans, it is clear that the company is on a strong trajectory for growth and success. The appointment of David Price as CEO, combined with the confidence expressed by investors and analysts, bodes well for the future of this retail powerhouse.
