PriceSmart, Inc. (PSMT) Earnings Call Transcripts
PriceSmart, Inc.'s Latest Earnings Call - Q2 FY2026
In the second quarter of fiscal year 2026, PriceSmart, Inc. reported total revenue of almost $1.5 billion, reflecting a 9.9% increase year-over-year, while net income rose to $49.1 million or $1.62 per diluted share, marking an 11.7% increase. Management highlighted a strong membership renewal rate of 90.2%, an all-time high, and a significant growth in net merchandise sales, particularly in Colombia with a 30.5% increase. The company maintained its guidance, indicating continued momentum into the second half of the fiscal year despite macroeconomic challenges.
Reported metrics
| Metric | Value |
|---|---|
| Total Revenue | $1.5B (beat) |
| Net Income | $49.1M (beat) |
| EPS | $1.62 (beat) |
| Comparable Net Merchandise Sales Growth | 7.6% (beat) |
| Membership Accounts | 2.1M (positive) |
| Adjusted EBITDA | $99.7M (beat) |
Guidance from management
Management maintained its guidance for the second half of fiscal year 2026, indicating confidence in continued growth despite macroeconomic challenges.
What management said
And we have run some simulations. This is Gualberto, Jon. We have run some simulations and are actively looking into this. There will be some smaller impacts in terms of financials, but nothing really material, nothing worse.
What analysts pressed on
Analysts raised concerns regarding potential impacts from macroeconomic factors, particularly related to remittances and rising fuel costs. There was also discussion about the evolving trade policy environment and its implications for cost structures.
Main topics on the call
- Strong Revenue Growth — PriceSmart achieved total revenue of almost $1.5 billion in Q2 FY2026, a 9.9% increase year-over-year. Management noted, 'Growth was broad-based across our regions,' indicating robust performance across multiple markets.
- High Membership Renewal Rate — The membership renewal rate reached an all-time high of 90.2%, reflecting strong member engagement. CEO David Price stated, 'Our members see the value we deliver and remain engaged with our offering.'
- Colombia's Exceptional Performance — Colombia reported a remarkable 30.5% increase in net merchandise sales, significantly contributing to overall growth. This was attributed to 'increases in member traffic and continued strengthening of our merchandise off...
- Digital Channel Growth — Digital channel sales reached $94.1 million, up 23.4% year-over-year, representing 6.4% of total net merchandise sales. Management emphasized, 'We see continued opportunity in this space.'
Read the full PriceSmart, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About PriceSmart, Inc.
PriceSmart, Inc. (PSMT) is a publicly listed company in the Consumer Staples Distribution and Retail industry, within the Consumer Staples sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 29 calls on record spanning January 10, 2020 to July 9, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 29 PriceSmart, Inc. earnings call transcripts on record, spanning January 10, 2020 to July 9, 2026. Based on this history, PriceSmart, Inc. reports quarterly. The most recent call on file is dated July 9, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- PSMT
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Consumer Staples
- Calls on record
- 29
- First call
- January 10, 2020
- Most recent
- July 9, 2026
- Reporting cadence
- quarterly