PriceSmart Inc
F:PS8
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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PriceSmart Inc
F:PS8
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US |
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Koninklijke BAM Groep NV
F:BGPA
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NL |
PriceSmart Inc
PriceSmart owns and runs membership warehouse clubs in Latin America and the Caribbean. Its stores sell groceries, household basics, fresh food, electronics, appliances, clothing, and some services in a no-frills, bulk-buy format that feels closer to a warehouse club than a traditional supermarket. Shoppers pay for membership, then shop in the club for everyday goods at low prices. Its main customers are middle- and upper-middle-income households, plus small businesses that buy in larger quantities for resale or operations. PriceSmart makes money in two ways: it collects membership fees and it earns most of its income from selling merchandise through its stores and related services. The company also works to source many products efficiently so it can keep prices competitive while still making a margin. What makes the business different is that it brings the warehouse club model to markets where modern wholesale shopping is less developed. That gives it a role between a supermarket chain and a wholesale club, with a focus on value, convenience, and a curated product mix that suits local demand. For investors, the key idea is simple: PriceSmart is a membership-based retailer that sells essentials and discretionary goods to shoppers who want low prices and are willing to buy in bulk.
PriceSmart owns and runs membership warehouse clubs in Latin America and the Caribbean. Its stores sell groceries, household basics, fresh food, electronics, appliances, clothing, and some services in a no-frills, bulk-buy format that feels closer to a warehouse club than a traditional supermarket. Shoppers pay for membership, then shop in the club for everyday goods at low prices.
Its main customers are middle- and upper-middle-income households, plus small businesses that buy in larger quantities for resale or operations. PriceSmart makes money in two ways: it collects membership fees and it earns most of its income from selling merchandise through its stores and related services. The company also works to source many products efficiently so it can keep prices competitive while still making a margin.
What makes the business different is that it brings the warehouse club model to markets where modern wholesale shopping is less developed. That gives it a role between a supermarket chain and a wholesale club, with a focus on value, convenience, and a curated product mix that suits local demand. For investors, the key idea is simple: PriceSmart is a membership-based retailer that sells essentials and discretionary goods to shoppers who want low prices and are willing to buy in bulk.
Strong quarter: PriceSmart said third-quarter results were strong, with net merchandise sales and total revenue reaching almost $1.5 billion and comparable sales up 10.7% on a reported basis.
Profit growth: Net income rose to $39.7 million, or $1.28 per diluted share, while adjusted EBITDA increased to $90.4 million, both up solidly from a year ago.
Membership strength: Membership accounts rose 8.6% to over 2.1 million, Platinum accounts climbed to 21.3% of the base, and the 12-month renewal rate hit a record 90.5%.
Chile launch: Management unveiled its first warehouse club in Chile, with opening planned for spring 2027, and said it expects to invest approximately $100 million across the first three clubs and central offices there.
Cost pressure: The company pointed to currency volatility, trade uncertainty, and higher operating costs in Colombia and Trinidad as ongoing headwinds, even as it kept a disciplined pricing stance.
Digital push: Digital channel sales reached a record $99.6 million, up 26.2%, while the company continued rolling out new systems for checkout, forecasting, trade management and HR.
