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

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

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