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. (PSMT) is a retail trade company that owns and operates U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean. The news flow for PriceSmart centers on its warehouse club operations, financial performance and expansion activity across multiple countries and one U.S. territory.
Company news releases frequently report quarterly and annual operating results, including total revenues, net merchandise sales, comparable net merchandise sales, operating income, net income and adjusted EBITDA. These updates often highlight net merchandise sales growth and comparable net merchandise sales trends, both on a reported basis and on a constant-currency basis, along with explanations of the impact of foreign currency exchange rate fluctuations on reported results.
Another recurring theme in PriceSmart’s news is its club network development. The company has announced openings of new warehouse clubs, such as additional clubs in Costa Rica and Guatemala, and has described plans for new locations in markets including the Dominican Republic and Jamaica. These announcements often specify the city where a new club is planned and indicate how the total number of warehouse clubs will change once the new locations are open.
PriceSmart also issues press releases about corporate events such as CEO and CFO transition plans, including the timing of leadership changes and related employment and compensation arrangements. In addition, the company regularly announces the dates and dial-in details for its quarterly earnings conference calls, providing investors with information on when financial results will be released and how to access management’s discussion.
Investors and followers of PSMT can use this news stream to monitor PriceSmart’s financial performance, membership warehouse club expansion, leadership updates and other operational developments as disclosed by the company.
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.
PriceSmart (NASDAQ: PSMT) reported its fiscal 2025 first quarter results, showing strong growth in key metrics. Total revenues increased 7.8% to $1.26 billion, with net merchandise sales also rising 7.8% to $1.22 billion compared to the previous year. Comparable net merchandise sales for the 52 warehouse clubs open for more than 13½ months grew 5.7%.
Operating income slightly improved to $58.3 million from $58.2 million year-over-year. However, net income decreased 1.6% to $37.4 million, with earnings per diluted share at $1.21 compared to $1.24 in the prior year. Adjusted EBITDA reached $79.1 million, up from $77.8 million.
The company currently operates 54 warehouse clubs across 12 countries and one U.S. territory, with plans to open two new locations in Costa Rica and Guatemala in 2025.
PriceSmart (NASDAQ: PSMT) has announced a change in its first quarter fiscal 2025 earnings release schedule. The company will now release financial results on January 8, 2025 after market close, instead of January 9, due to SEC closure in honor of former President Carter.
The earnings conference call remains scheduled for January 10, 2025, at 12:00 p.m. Eastern time. A digital replay will be available until January 17, 2025.
PriceSmart currently operates 54 warehouse clubs across 12 countries and one U.S. territory, with plans to expand to 56 locations by adding new clubs in Cartago, Costa Rica (spring 2025) and Quetzaltenango, Guatemala (summer 2025).
PriceSmart (NASDAQ: PSMT) has announced it will release its first quarter fiscal 2025 financial results on January 9, 2025, after market close. The company will host a conference call on January 10, 2025, at 12:00 p.m. Eastern time to discuss the results.
Currently operating 54 warehouse clubs across 12 countries and one U.S. territory, PriceSmart plans to expand with two new locations: one in Cartago, Costa Rica (spring 2025) and another in Quetzaltenango, Guatemala (summer 2025), which will bring their total to 56 warehouse clubs.
PriceSmart (NASDAQ: PSMT) reported strong fiscal Q4 2024 results with total revenues increasing 9.6% to $1.23 billion. Net merchandise sales grew 9.5% to $1.19 billion, while comparable sales rose 6.2%. Net income surged 89.0% to $29.1 million, or $0.94 per diluted share. For the full fiscal year 2024, total revenues increased 11.4% to $4.91 billion, with net income up 27.2% to $138.9 million ($4.57 per diluted share). The company announced plans to build its seventh warehouse club in Quetzaltenango, Guatemala, expected to open in summer 2025.
PriceSmart (NASDAQ: PSMT) has announced its plans to release financial results for the fourth quarter of fiscal year 2024 on Wednesday, October 30, 2024, after market close. The company will host a conference call on Thursday, October 31, 2024, at 12:00 p.m. Eastern time to discuss these results. Interested parties can join the call using the provided toll-free numbers.
PriceSmart, headquartered in San Diego, operates 54 U.S.-style membership shopping warehouse clubs across 12 countries and one U.S. territory in Latin America and the Caribbean. The company plans to open a new warehouse club in Cartago, Costa Rica in spring 2025, which will bring their total to 55 locations.
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