AI-extracted from the 10-K filed 2026-10-26 — FY2026 (year ended August 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
PriceSmart grew total revenues 11.5% to $5.88B in FY2026, with operating income up 12.3% to $261.0M and net income of $166.6M, while adding clubs and pressuring margins through currency and technology costs.
Biggest Revenue Drivers
Central America$3.43B+9.6% YoY
Net merchandise sales growth; all markets positive, with 580 bps contribution to total growth
Caribbean$1.51B+6.7% YoY
Net merchandise sales growth; all markets positive except USVI
Biggest Revenue Drivers
Total revenue: $5.88B+11.5% YoY
Central America$3.43B+9.6% YoY
Net merchandise sales growth; all markets positive, with 580 bps contribution to total growth
Caribbean$1.51B+6.7% YoY
Net merchandise sales growth; all markets positive except USVI
Colombia$814M+34.5% YoY
Peso appreciation and increase in transactions
Membership income$100.8M+17.8% YoY
Platinum membership base growth and higher total membership accounts
Largest Expense Items
Selling, general and administrative$777.5M+14.0% YoY
Investments in technology, executive compensation and expenses tied to Chile expansion
Interest expense$16.8M+46% YoY
Higher average debt, primarily in Trinidad subsidiary financing
Other expense, net$29.7M+20.5% YoY
Transaction costs converting local currencies to tradable currencies ($18.1M) and FX revaluation losses ($11.7M)
Margins: Merchandise gross profit as a percent of net merchandise sales rose to 16.0% from 15.7%, driven by casual apparel, poultry/meats and small appliances. Total revenue margin rose to 17.7%, but SG&A rose to 13.2% of revenue from 12.9% on technology and executive pay investments.
Watch Items from the Filing
Net merchandise sales in Colombia are heavily affected by currency: 18.7 points of its 34.5% growth came from peso appreciation, and the segment faces real-estate siting limits in Bogotá.
Trinidad dollar holdings were $53.8M at fiscal year-end, down $46.7M from the $100.5M peak in November 2020, reflecting persistent U.S. dollar illiquidity.
Chief Executive Officer David N. Price and affiliates hold about 14.1% of voting stock, giving them significant influence over matters submitted to stockholders.
Only the first 1-2 pages of the company's Item 1A risk factors were confirmed in this text; new Section 301 tariffs and the Iran conflict affecting shipping costs are cited as ongoing risks.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About PRICESMART INC (PSMT): stock profile, AI score and financials
PRICESMART INC (PSMT) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Staples sector company. 13F Pro's AI-powered ranking engine scores PSMT at 58.9/100 on a composite quality score built from its SEC filings, placing it at rank #968 of 2,925 stocks — the top half of the AI-ranked universe. PSMT scores in the top quartile across revenue scale (80.0), balance sheet strength (76.5). Areas of concern include free cash flow (31.8), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q4 2026), PRICESMART INC reports quarterly revenue of $1.5B, net income of $37.6M, an operating margin of 3.8%. Top institutional holders of PSMT by reported 13-F value include BlackRock, FMR, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. PSMT trades on the Nasdaq exchange and files with the SEC under CIK 1041803. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PSMT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PRICESMART INC directly from SEC EDGAR.