#United States #San Diego #Jamaica #PriceSmart #Warehouse Clubs

PriceSmart Reports Impressive Fourth Quarter Results for Fiscal 2025

PriceSmart, Inc. has revealed its operating results for the fourth quarter of fiscal year 2025, culminating on August 31, 2025. The company, which runs 56 warehouse clubs across 12 countries and a U.S. territory, reported a robust increase in revenues and merchandise sales, underscoring its growth strategy in the membership retail sector.

Financial Performance Overview

Throughout the fourth quarter, PriceSmart’s total revenue surged 8.6%, reaching $1.33 billion, compared to $1.23 billion in the same time frame last year. This performance was driven primarily by a 9.2% rise in net merchandise sales, which reached $1.30 billion, compared to $1.19 billion in the previous year’s quarter.

The growth in net merchandise sales reflects strength across the business, with constant currency figures illustrating a similar positive trend, increasing 9.1% year-over-year. Furthermore, fluctuations in foreign currency exchange rates positively influenced sales by approximately $1.2 million, indicating effective management of international operations.

Among the 54 warehouse clubs operational for over 13 and a half months, comparable net merchandise sales went up by 7.5% compared to the same period in the previous year. This consistent performance in mature locations highlights PriceSmart's ability to retain and grow its customer base.

Operating Income and Earnings Growth

PriceSmart recorded an operating income of $52.8 million in Q4 2025, a notable increase from the $49.2 million reported in Q4 2024. Additionally, net income rose by 8.5%, hitting $31.5 million or $1.02 per diluted share, compared to $29.1 million, or $0.94 per diluted share, in the prior year’s fourth quarter.

Adjusted EBITDA also saw a substantial rise, totaling $75.5 million compared to $70.7 million in the same quarter last year, reaffirming operational efficiency and contribution to overall financial health.

Year-to-Date Growth

For the fiscal year ending August 31, 2025, total revenue increased 7.2% to $5.27 billion from $4.91 billion the previous year. Similarly, net merchandise sales rose by 7.7% to reach $5.15 billion, showcasing a steady trajectory of growth year-over-year. Notably, consistent net merchandise sales on a constant currency basis exhibited an even more robust growth figure at 8.5%.

PriceSmart's operating income for the full fiscal year stood at $232.5 million, marking improvement from $220.9 million. Net income also saw a 6.5% increase to $147.9 million or $4.82 per diluted share, illustrating the overall effective management of operational expenses amidst a growing revenue stream.

Expansion Plans in Jamaica

Looking ahead, PriceSmart is poised to expand its footprint in Jamaica, announcing plans for its third warehouse club in Montego Bay. The new facility, located approximately 100 miles from Kingston, will occupy five acres and is set to open in the summer of 2026. Furthermore, a land lease has been secured for a fourth club on South Camp Road, six miles from Kingston, expected to open in the fall of 2026.

In addition to these exciting developments in Jamaica, PriceSmart also revealed plans for a new club in La Romana, Dominican Republic, anticipated to launch in the spring of 2026. This strategic focus on growth reaffirms PriceSmart's commitment to enhancing customer access and service offerings across the region.

Conclusion

With sustained growth in revenues and a strategic plan for expansion, PriceSmart is well-positioned for continued success in the competitive retail market. The upcoming additions of new warehouse clubs will not only serve to deepen their presence in Jamaica but will also catapult the total number of operational clubs to 59 overall, fostering greater opportunities for members and stakeholders alike.

In summation, PriceSmart's fiscal year 2025 results and forward-looking plans suggest a promising outlook as the company continues its trajectory of growth and member-focused initiatives.