Pricesmart (PS8) Q4 2026 Earnings Report
CH:PS8 Q4 2026 EPS Results
- Actual EPS
- CHF 1.00
- Consensus EPS
- CHF 1.04
- Beat/Miss
- Missed by -CHF 0.05
- One Year Ago EPS
- CHF 0.84
CH:PS8 Q4 2026 Revenue Results
- Actual Revenue
- CHF 1.25B
- Expected Revenue
- CHF 1.21B
- Beat/Miss
- Beat by +CHF 43.93M
- YoY Revenue Growth
- +13.92%
Earnings Announcement Details
- Quarter
- Q4 2026
- Date
- 10/26/2026
- Time
- After Close
- Conference Call
- Monday, October 26, 2026
CH:PS8 Upcoming Earnings
Pricesmart's next earnings date is estimated for January 13, 2027, based on past reporting schedules.
Q4 2026 Earnings Call Audio
CH:PS8 Q4 2026 Earnings Call
0:00 / 0:00
Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly positive, supported by double-digit sales and earnings growth, higher membership engagement and renewal rates, strong digital performance, expanding club infrastructure, improved gross margins, and solid operating cash flow. The main concerns were the delayed RELEX implementation, higher SG&A and technology costs, Colombia margin pressures, Chile and other club-opening expenses, Trinidad liquidity constraints, and external cost and supply-chain risks. Highlights significantly outweighed the lowlights.
Company Guidance
Management said it does not give guidance on store openings or specific numbers, but intends to keep growing the business at a sustainable pace; four warehouse clubs are anticipated to open—Jamaica in December 2026, Guatemala in late winter of 2027, Costa Rica in spring of 2027, and Chile in spring of 2027—bringing the total to 63 warehouse clubs. The company plans to open three more distribution centers in Jamaica, in the Dominican Republic, and in Chile in fiscal year 2027, while the Chile distribution center is expected to be third-party operated; it also expects to complete the first phase of Workday, continue Elera’s rollout, and finish the RELEX implementation as soon as practicable, but intentionally did not provide a specific closure date. Management said it does not guide on future effective tax rates and expects technology investments to continue, while Chile startup costs were about $4.2 million in FY 2026.
- Strong Quarterly and Full-Year Sales GrowthFourth-quarter net merchandise sales reached almost $1.5 billion and total revenue exceeded $1.5 billion. Net merchandise sales increased 13.8%, or 7.8% in constant currency, while comparable net merchandise sales increased 12.2% in U.S. dollars and 6.2% in constant currency. For fiscal year 2026, net merchandise sales reached almost $5.8 billion and total revenues were almost $5.9 billion, with net merchandise sales up 11.7%, or 8.4% in constant currency, and comparable sales up 9.6%, or 6.4% in constant currency.
- Higher Customer Engagement and SpendingIn the fourth quarter, average sales ticket increased 7.5% and transactions increased 5.9% year-over-year. For the full fiscal year, average ticket grew 4.2% and transactions grew 7.2%. Average price per item increased 5%, while average items per basket decreased 0.7%, meaning members came more often and spent more when they did.
- Growth Across All RegionsEvery region contributed to fiscal-year growth. In the fourth quarter, Central America net merchandise sales increased 9.5%, or 5.9% in constant currency, and comparable sales increased 8%, or 4.4% in constant currency. The Caribbean reported net merchandise sales growth of 9.9%, or 8.4% in constant currency, and comparable growth of 6.7%, or 5.3% in constant currency. Colombia reported net merchandise sales growth of 43.2%, or 15.9% in constant currency, and comparable growth of 44.2%, or 16.3% in constant currency. Colombia's growth was meaningfully influenced by appreciation of the Colombian peso.
- Broad-Based Category PerformanceFourth-quarter foods sales increased approximately 13.9%, supported in part by remodeled fresh areas and additional selling space. Non-foods increased approximately 13.8%, with casual apparel showing the highest growth within non-foods, while TV sales increased 25% during the World Cup celebration. Food service and bakery increased approximately 13.5%, and health services increased approximately 9.6%.
- Improved Gross Margin and ProfitabilityFourth-quarter gross margin increased 10 basis points to 15.8% of net merchandise sales, and gross margin dollars increased $30 million, or approximately 14.7%. Full-year gross margin increased to 16% from 15.7%, primarily driven by product mix. Fourth-quarter operating income increased 8.1% to $57 million, while full-year operating income increased 12.3% to $261 million and remained 4.4% of revenue.
- Higher Net Income, EPS, and Adjusted EBITDAFourth-quarter net income increased to $37.6 million from $31.5 million, and diluted EPS increased approximately 19% to $1.21 from $1.02. Full-year net income increased to $166.6 million from $147.9 million, while diluted EPS increased 12% to $5.40 from $4.82. Full-year adjusted EBITDA increased 12.4% to $360.5 million from $320.7 million.
- Membership Base and Renewal Trends StrengthenedPriceSmart served almost 2.2 million member accounts, up 8.7% year-over-year, with more than 4 million cardholders. The trailing-12-month renewal rate increased to 90.4% from 88.8%. Platinum membership penetration increased from 17.9% to 23.4%, a 550-basis-point increase, and fiscal-year membership income increased 17.8% to $100.8 million, primarily driven by higher Platinum penetration.
- Private Label Continued to ExpandComparable private-label penetration, excluding the reclassification of produce, increased 20 basis points year-over-year and reached 26.9% of total merchandise sales under the updated methodology. The company added several new Member's Selection products, including freeze-dried flavored coffee in Colombia, which exceeded expectations after launch, and said it will continue investing in the assortment.
- Club Expansion and Chile Market Entry ProgressThe company opened its 10th Costa Rica club in Ciudad Quesada in August and its third Jamaica club in Montego Bay in the first quarter of fiscal 2027. Four additional clubs are in the pipeline: a fourth Jamaica club anticipated in December 2026, a Guatemala club anticipated in late winter 2027, an 11th Costa Rica club anticipated in spring 2027, and PriceSmart's first Chile club anticipated in spring 2027. Once opened, the four pipeline clubs would bring the network to 63 clubs. In Chile, the company has entered executory agreements for two additional potential sites, hired a country general manager and local buying team, established a central office, and is working to open a third-party-operated distribution center in fiscal 2027.
- Infrastructure and Distribution Network InvestmentsThe company nearly completed a parking lot expansion at Via Brasil in Panama and plans a Barbados club remodel, an Aranda parking expansion in Guatemala, and a parking and warehouse expansion at Fraijanes in Guatemala. It opened new distribution centers in Trinidad and Colombia, completed third-party-operated distribution centers in China to consolidate sourced merchandise and improve net landed cost, and plans additional distribution centers in Jamaica, the Dominican Republic, and Chile in fiscal 2027.
- Digital Channel Delivered Strong GrowthFiscal-year digital sales increased 26.3% to $387.4 million and represented 6.7% of total net merchandise sales. Orders placed directly through the website or app increased 9.2%, while average transaction value increased 15.5%. Approximately 76.6% of members had created an online profile, and 27.1% of the membership base had made a purchase through PriceSmart.com or the app.
- Technology and Process Transformation ProgressThe first phase of Workday implementation was completed and went live for PriceSmart employees in the first quarter of fiscal 2027. Membership Omnichannel Transformation continues to bring member identity, transaction history, and interaction data together. Elera is operating across English-speaking Caribbean clubs, Guatemala, and Costa Rica, with the Dominican Republic nearing completion. Montego Bay opened with Elera at the registers from day one, and early indicators showed faster checkout times, improved employee productivity, and expanded payment options.
- Strong Operating Cash Flow and Capital ReturnThe company ended the fiscal year with $264.7 million of cash equivalents and restricted cash, plus approximately $111.4 million of short-term investments. Net cash provided by operating activities increased $46.4 million to $307.7 million. The company paid $43 million in dividends during the year, an increase of $4.2 million over the prior year.
- Positive Start to Fiscal 2027Comparable net merchandise sales for the eight weeks ended October 25, 2026 increased 11.8%, or 6% in constant currency.
- Resilient Response to Earthquakes and Community SupportAfter the magnitude 7.4 earthquake in Colombia, the company lost only a minimal number of operating hours, all clubs were open, and teams restored inventory quickly. Clubs in Pereira and Cali were temporarily opened to non-members, and more than 75 tons of essential products were collected for distribution. After the magnitude 7.7 earthquake in Panama, clubs experienced no major impact, and the company launched a member donation program and provided supplies to the government's humanitarian hub.
CH:PS8 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Jan 13, 2027 | 2027 (Q1) | 1.19- | 1.06 | ― | ― |
| Oct 26, 2026 | 2026 (Q4) | 1.041.00 | 0.84 | 18.63% (+0.16) | |
| Jul 08, 2026 | 2026 (Q3) | 1.091.05 | 0.94 | 12.28% (+0.12) | |
| Apr 08, 2026 | 2026 (Q2) | 1.291.33 | 1.19 | 11.72% (+0.14) | |
| Jan 07, 2026 | 2026 (Q1) | 1.121.06 | 1 | 6.61% (+0.07) | |
| Oct 30, 2025 | 2025 (Q4) | 0.910.84 | 0.77 | 8.51% (+0.07) | |
| Jul 10, 2025 | 2025 (Q3) | 0.920.94 | 0.89 | 5.56% (+0.05) | |
| Apr 09, 2025 | 2025 (Q2) | 1.191.19 | 1.08 | 10.69% (+0.12) | |
| Jan 08, 2025 | 2025 (Q1) | 1.081.00 | 1.02 | -2.42% (-0.02) | |
| Oct 30, 2024 | 2024 (Q4) | 0.850.77 | 0.4 | 91.84% (+0.37) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
