PriceSmart, Inc. reported a solid financial performance for the fiscal year ending August 31, 2025, with total revenues increasing by 7.2% to $5.27 billion, compared to $4.91 billion in the previous year. Net merchandise sales rose by 7.7% to $5.15 billion, driven by a 5.9% increase in transactions and a 1.7% rise in average ticket size. The company ended the fiscal year with 56 warehouse clubs, up from 54 in the prior year, and comparable net merchandise sales increased by 6.7%. Membership income also saw a significant boost, rising 13.7% to $85.6 million, attributed to a $5 increase in membership fees and a growing membership base.
In terms of profitability, PriceSmart's operating income reached $232.5 million, a 5.2% increase from the previous year, while net income was reported at $147.9 million, or $4.82 per diluted share, compared to $138.9 million, or $4.57 per diluted share, in fiscal 2024. The total gross margin percentage slightly decreased to 15.7% from 15.8% in the prior year, reflecting the impact of rising costs and currency fluctuations. Selling, general, and administrative expenses increased by 8.9% to $681.9 million, primarily due to investments in technology initiatives.
Strategically, PriceSmart is advancing its expansion plans, with new warehouse clubs set to open in the Dominican Republic and Jamaica in 2026. The company is also exploring opportunities in Chile, having appointed a general manager and engaged local consultants to facilitate this expansion. Additionally, PriceSmart is enhancing its digital capabilities, with online sales reaching $306.7 million, a 21.6% increase year-over-year, representing 6% of total net merchandise sales.
Operationally, PriceSmart reported a total of over 2 million membership accounts and nearly 4 million cardholders, indicating strong customer engagement. The company continues to focus on improving its product offerings, including expanding its wellness services, which now include optical, pharmacy, and audiology services. The company also reported a 17.9% increase in Platinum Membership accounts, which offer additional benefits to members.
Looking ahead, PriceSmart anticipates continued growth driven by its expansion initiatives, increased membership value, and enhanced digital capabilities. The company remains cautious of external factors such as currency volatility and economic conditions in its operating markets, which could impact future performance. However, management is optimistic about leveraging its operational efficiencies and strategic investments to sustain growth and profitability in the coming fiscal year.
About PRICESMART INC
PriceSmart, Inc. operates warehouse clubs in Central America, the Caribbean, Colombia, and the U.S., offering bulk merchandise, private label products, and value-added services like optical and pharmacy. Its business model emphasizes low costs, membership loyalty, and sourcing globally to provide competitive prices. The company focuses on expanding locations, enhancing online shopping, and improving distribution to serve retail and business customers in emerging markets.
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