PriceSmart, Inc. reported its financial results for the third quarter and nine months ended May 31, 2025, showing a notable increase in revenue and profitability compared to the previous fiscal period. Total revenues for the third quarter reached $1.32 billion, a 7.1% increase from $1.23 billion in the same period last year. For the nine months, revenues rose to $3.94 billion, up 6.8% from $3.69 billion. Net income for the third quarter was $35.2 million, or $1.14 per diluted share, compared to $32.5 million, or $1.08 per diluted share, in the prior year. For the nine months, net income was $116.3 million, or $3.80 per diluted share, compared to $109.8 million, or $3.62 per diluted share, in the same period last year.
The company experienced significant growth in net merchandise sales, which increased by 8.0% to $1.29 billion in the third quarter and by 7.2% to $3.85 billion for the nine months. This growth was driven by a 6.0% increase in transactions and a 1.9% rise in average ticket size during the third quarter. Membership income also saw a substantial increase, rising 13.4% to $21.9 million in the third quarter and 13.3% to $63.0 million for the nine months, attributed to a $5 increase in membership fees and a growing membership base.
Operationally, PriceSmart expanded its footprint, operating 55 warehouse clubs across 12 countries and one U.S. territory as of May 31, 2025. The company plans to open a new warehouse club in Quetzaltenango, Guatemala, in August 2025, and another in La Romana, Dominican Republic, in spring 2026. The company is also exploring opportunities for expansion into new markets, including Chile. The total number of membership accounts increased by 5.1% year-over-year, reaching nearly two million accounts.
The filing also highlighted strategic investments in technology and infrastructure, with selling, general, and administrative expenses rising by 8.5% due to these investments. The company reported a total gross margin of 15.8% for the third quarter, a slight increase from the previous year, while total revenue margin improved to 17.4%. However, the company faced challenges from foreign currency fluctuations, which negatively impacted net merchandise sales by approximately $18.6 million in the third quarter.
Looking ahead, PriceSmart remains focused on enhancing membership value and driving sales through its online platform, PriceSmart.com. The company aims to continue its growth trajectory by investing in new locations, improving existing clubs, and expanding its digital capabilities. The outlook remains positive, with expectations for continued revenue growth and operational improvements as the company adapts to market conditions and consumer preferences.
About PRICESMART INC
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.