PriceSmart Announces Earnings Release and Conference Call Details for the Third Quarter of Fiscal 2025 and Plans for Sixth Warehouse Club in the Dominican Republic
- Expansion with new warehouse club in La Romana, Dominican Republic, extending market reach
- Strategic location 73 miles east from Santo Domingo, targeting new market area
- Growing footprint with total warehouse clubs increasing to 57 upon completion of planned locations
- None.
Insights
PriceSmart's sixth Dominican Republic location strategically expands its Caribbean footprint, with new La Romana club targeting underserved eastern market.
PriceSmart continues its measured expansion strategy with plans for a new warehouse club in La Romana, Dominican Republic. This sixth location in the country will be built on a five-acre property approximately 73 miles east of the nearest club in Santo Domingo, strategically positioning the company to serve a previously untapped market area.
The La Romana location represents an intelligent geographic expansion that fills a significant gap in PriceSmart's Dominican Republic coverage. The eastern positioning allows the company to capture consumers who previously faced substantial travel distances to reach existing locations. This approach of establishing presence in underserved areas rather than saturating existing markets demonstrates disciplined real estate strategy.
The company's broader expansion blueprint shows careful sequencing, with a Quetzaltenango, Guatemala location opening in summer 2025 followed by La Romana in spring 2026. Upon completion, PriceSmart will operate 57 total warehouse clubs across 12 countries and one U.S. territory, strengthening its position as the leading warehouse club operator in Latin America and the Caribbean.
La Romana itself represents an attractive market opportunity as a major tourist destination with substantial resort development and growing middle-class population. The warehouse format should effectively serve both local consumers and business customers in the hospitality sector, creating a diverse revenue stream for this location.
Plans for New Club
The Company has purchased land and plans to open its sixth warehouse club in the
About PriceSmart
PriceSmart, headquartered in
This press release may contain forward-looking statements concerning PriceSmart, Inc.'s ("PriceSmart", the "Company" or "we") anticipated future revenues and earnings, adequacy of future cash flows, future dividends, omni-channel initiatives, proposed warehouse club openings, the Company's performance relative to competitors and related matters. These forward-looking statements include, but are not limited to, statements containing the words "expect," "believe," "will," "may," "should," "project," "estimate," "anticipated," "scheduled," "intend," and like expressions, and the negative thereof. These statements are subject to risks and uncertainties that could cause actual results to differ materially including, but not limited to: various political, economic and compliance risks associated with our international operations, adverse changes in economic conditions in our markets, natural disasters, volatility in currency exchange rates and illiquidity of certain local currencies in our markets, competition, consumer and small business spending patterns, political instability, increased costs associated with the integration of online commerce with our traditional business, whether the Company can successfully execute strategic initiatives, our reliance on third party service providers, including those who support transaction and payment processing, data security and other technology services, cybersecurity breaches that could cause disruptions in our systems or jeopardize the security of Member, employee or business information, cost increases from product and service providers, interruption of supply chains, novel coronavirus (COVID-19) related factors and challenges, exposure to product liability claims and product recalls, recoverability of moneys owed to PriceSmart from governments, and other important factors discussed in the Risk Factors section of the Company's most recent Annual Report on Form 10-K, and other factors discussed from time to time in other filings with the SEC, which are accessible on the SEC's website at www.sec.gov, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Forward-looking statements speak only as of the date that they are made, and the Company does not undertake to update them, except as required by law. In addition, these risks are not the only risks that the Company faces. The Company could also be affected by additional factors that apply to all companies operating globally and in the
For further information, please contact Investor Relations (858) 404-8826 or send an email to ir@pricesmart.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/pricesmart-announces-earnings-release-and-conference-call-details-for-the-third-quarter-of-fiscal-2025-and-plans-for-sixth-warehouse-club-in-the-dominican-republic-302469781.html
SOURCE PriceSmart, Inc.
FAQ
When will PriceSmart (PSMT) release its Q3 2025 earnings?
Where is PriceSmart's new warehouse club in Dominican Republic located?
How many warehouse clubs does PriceSmart currently operate?
When will PriceSmart's La Romana warehouse club open?
How many total warehouse clubs will PriceSmart have after completing planned expansions?
