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PriceSmart Logs Higher 1Q Profit, Revenue

Dow Jones01-08

By Amira McKee

PriceSmart logged higher profit in its fiscal first quarter after revenue rose by nearly 10%.

The operator of membership warehouse clubs in Latin America and the Caribbean posted a profit of $40.2 million, or $1.29 per share, for the three-months ended Nov. 30, compared with $37.4 million, or $1.21 per share, in the same period a year earlier.

Revenue rose 9.9% to $1.38 billion, ahead of the $1.35 billion analysts expected, according to FactSet.

Merchandise sales, which make up most of the company's top line, rose 8% on a comparable basis, the company said. PriceSmart had 56 warehouse clubs in operation at the end of its first fiscal quarter, compared with 54 locations a year ago.

The San Diego-based company said it has plans to open its 10th warehouse club in Costa Rica in the second half of this year. Once this club and three previously announced locations are open, the company will operate a total of 60 warehouse clubs.

Write to Amira McKee at amira.mckee@wsj.com

(END) Dow Jones Newswires

January 07, 2026 16:32 ET (21:32 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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