Welcome to our dedicated page for Pricesmart news (Ticker: PSMT), a resource for investors and traders seeking the latest updates and insights on Pricesmart stock.
PriceSmart Inc (NASDAQ: PSMT) operates membership-based warehouse clubs across Latin America and the Caribbean, combining global retail expertise with localized market strategies. This page serves as the definitive source for official company announcements and analysis-driven updates.
Access curated press releases covering quarterly earnings, club expansions, leadership updates, and merchandise strategy changes. Investors will find essential information about PSMT's growth in emerging markets like Colombia, while analysts can track operational adaptations to regional economic conditions.
All content is verified through primary sources to ensure accuracy. Key focus areas include membership program developments, supply chain optimizations, and competitive positioning against international retailers. Bookmark this page for real-time updates on PSMT's strategic initiatives and market performance metrics.
PriceSmart (NASDAQ: PSMT), operator of 55 warehouse clubs across 12 countries and one U.S. territory, reported strong fiscal Q3 2025 results. The company achieved net merchandise sales growth of 8.0% to $1.29 billion, with comparable sales increasing 7.0%. Net income rose 8.2% to $35.2 million, or $1.14 per diluted share.
Key financial metrics include total revenues of $1.32 billion (up 7.1% YoY) and Adjusted EBITDA of $79.0 million compared to $71.0 million last year. The company announced plans to evaluate Chile as a potential new market for multiple warehouse clubs and confirmed upcoming openings in Quetzaltenango, Guatemala (August 2025) and La Romana, Dominican Republic (spring 2026).
PriceSmart (NASDAQ: PSMT) has rescheduled its third quarter fiscal year 2025 earnings conference call to Monday, July 14, 2025, at 12:00 p.m. Eastern time, from the previously announced date of July 11, due to a scheduling conflict. The company will maintain its original financial results release date of Thursday, July 10, 2025, after market close.
PriceSmart operates 55 warehouse clubs across 12 countries and one U.S. territory, with plans to expand to 57 locations by spring 2026, including new clubs in Quetzaltenango, Guatemala, and La Romana, Dominican Republic.
PriceSmart has released its 2024 Sustainability Report, showcasing significant progress in its ESG initiatives across operations in the United States, 12 countries, and one U.S. territory. The report focuses on four key pillars: People and Culture, Social and Community Engagement, Environmental Impact, and Responsible Sourcing.
Notable achievements include:
- 45 out of 54 clubs now operate rooftop solar arrays, generating 31,952 MWh of clean power (15.8% increase from FY2023)
- Expansion of Food Rescue & Giving Program to Trinidad and Tobago
- Enhanced community support through PriceSmart Foundation in Honduras, Guatemala, Colombia, and Jamaica
The warehouse club operator currently manages 55 locations and plans to open a new club in Quetzaltenango, Guatemala by summer 2025. This expansion will bring their total club count to 56, reinforcing their position as a leading membership shopping warehouse club in Latin America and the Caribbean.
PriceSmart (NASDAQ: PSMT) reported strong fiscal Q2 2025 results with notable growth across key metrics. Total revenues increased 5.6% to $1.36 billion, while net merchandise sales grew 5.8% to $1.33 billion. The company achieved comparable net merchandise sales growth of 6.7% for the 13-week period.
Net income rose 11.4% to $43.8 million, or $1.45 per diluted share, compared to $39.3 million ($1.31 per share) in Q2 2024. Adjusted EBITDA reached $87.0 million, up from $84.1 million last year.
The company expanded its presence with the opening of its ninth warehouse club in Costa Rica, bringing the total club count to 55 across 12 countries and one U.S. territory. Foreign currency exchange rate fluctuations negatively impacted net merchandise sales by $14.7 million, or 1.2%, versus the same period last year.
PriceSmart (NASDAQ: PSMT) has announced a significant leadership transition, with Robert Price stepping down as Interim CEO effective August 31, 2025. David Price, currently Executive Vice President and Chief Transformation Officer, will assume the CEO role on September 1, 2025, while Robert Price will become Executive Chairman of the Board.
Robert Price, who has led PriceSmart as Interim CEO since February 2023 and served as Board Chairman since 1997, made this decision as he approaches his 83rd birthday. David Price, who joined the company in July 2017 and has been a Board member since February 2022, currently oversees Information Technology, PriceSmart.com, and Payment Solutions and Services.
The company also announced plans to expand its warehouse club presence, with new locations scheduled to open in Cartago, Costa Rica (April 2025) and Quetzaltenango, Guatemala (Summer 2025). These additions will bring PriceSmart's total operations to 56 warehouse clubs across 12 countries and one U.S. territory.
PriceSmart (NASDAQ: PSMT) has scheduled its second quarter fiscal 2025 earnings release for April 9, 2025, after market close, followed by a conference call on April 10, 2025. The company currently operates 54 warehouse clubs across 12 countries and one U.S. territory, with plans to expand its presence with two new locations:
- A new warehouse club in Cartago, Costa Rica (April 2025)
- A new warehouse club in Quetzaltenango, Guatemala (Summer 2025)
Current operations include:
- 10 clubs in Colombia
- 8 in Costa Rica
- 7 in Panama
- 6 in Guatemala
- 5 in Dominican Republic
- 4 each in Trinidad and El Salvador
- 3 in Honduras
- 2 each in Nicaragua and Jamaica
- 1 each in Aruba, Barbados and U.S. Virgin Islands
BTB Therapeutics, a clinical-stage drug development company working on non-opioid pain medicine ENDOPIN, has announced two new additions to its board of directors. David R. Snyder, a retired partner from Pillsbury Winthrop Shaw Pittman LLP with over 30 years of experience in corporate finance and M&A, and Dr. Nobuhiro Yagi, Executive Officer at Kyoto University Innovation Capital, have joined the board.
Snyder, who currently serves as Vice Chairman and Lead Independent Director at PriceSmart (PSMT), brings extensive legal expertise and corporate governance experience. Dr. Yagi contributes 18 years of experience from Kyowa Kirin in biopharmaceutical R&D and business development, along with research experience from various prestigious institutions.
Both appointments align with BTB's focus on developing non-opioid analgesics and RNA splicing modifiers for rare diseases.
PriceSmart (NASDAQ: PSMT) has announced an 8.6% increase in its annual dividend to $1.26 per share, up from $1.16 last year. The dividend will be paid in two equal installments of $0.63 per share: the first on February 28, 2025, to stockholders of record as of February 18, 2025, and the second on August 29, 2025, to stockholders of record as of August 15, 2025.
During the 2025 annual meeting, stockholders elected eleven directors to the Board and approved executive compensation for fiscal year 2024. They also approved an amendment to increase available shares by 750,000 in the company's Equity Incentive Award Plan and ratified Ernst & Young LLP as their independent auditor.
PriceSmart currently operates 54 warehouse clubs across 12 countries and one U.S. territory, with plans to open two new locations in Cartago, Costa Rica and Quetzaltenango, Guatemala in spring and summer 2025, respectively.
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