PriceSmart Posts 13.8% Sales Growth, Opens Third Jamaica Club
PriceSmart reported strong fiscal Q4 2026 results with net merchandise sales up 13.8% and comparable sales rising 12.2%, alongside a new Jamaica location.
PriceSmart, Inc. reported robust fourth-quarter fiscal 2026 results, with net merchandise sales climbing 13.8% and comparable net merchandise sales advancing 12.2% year over year, the San Diego-based warehouse club operator announced Monday. Earnings reached $1.21 per diluted share for the quarter.
The company, which trades on the Nasdaq under the ticker PSMT, simultaneously announced the opening of its third warehouse club in Jamaica, extending its footprint across the Caribbean and Latin America. PriceSmart now operates 59 warehouse clubs across 12 countries and one U.S. territory, cementing its position as the dominant membership warehouse club chain in Central America and the Caribbean.
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The double-digit comparable sales growth signals sustained consumer demand across PriceSmart's member base, a notable achievement given the varied economic conditions present in its operating markets. Comparable sales figures, which strip out the effect of new store openings, are closely watched as an indicator of underlying retail health.
The Jamaica expansion reflects a broader strategy of deepening presence in markets where the company already holds brand recognition rather than entering untested geographies. The new club marks a milestone for the island nation, giving members an additional high-volume shopping option.
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