PriceSmart says recently decided to raise membership fee by $5 in most markets

PriceSmart CFO Michael McCleary stated during the company’s Q4 earnings call: “Following many years where our annual membership fee for 2 cards has been $35 in most markets, $75 for platinum, we recently decided to raise our fee by $5 in most markets for all membership types. We expect these fee increases to take place on a staggered basis in most countries during fiscal year 2024.”