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PriceSmart Q1 revenue rises 10%

Reuters01-08

PriceSmart Q1 revenue rises 10%

Overview

  • Warehouse club operator's fiscal Q1 revenue rose 9.9% yr/yr

  • Net merchandise sales grew 10.6% yr/yr

  • Company plans to open tenth club in Costa Rica

Outlook

  • PriceSmart plans to open tenth warehouse club in Costa Rica in fall 2026

  • Company expects to operate 60 clubs once new locations open

  • PriceSmart plans new club openings in Dominican Republic and Jamaica in 2026

Result Drivers

  • FOREIGN EXCHANGE IMPACT - Favorable foreign currency exchange rate fluctuations positively impacted net merchandise sales by $13.8 mln

  • CLUB EXPANSION - Increase in warehouse clubs from 54 to 56 contributed to sales growth

  • COMPARABLE SALES GROWTH - Comparable net merchandise sales increased 8.0% for clubs open more than 13.5 months

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 EPS

$1.29

Q1 Net Income

$40.17 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the discount stores peer group is "buy"

  • Wall Street's median 12-month price target for PriceSmart Inc is $112.50, about 11.5% below its January 6 closing price of $127.14

Press Release: ID:nPnSRw9za

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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