PriceSmart Outlines Expansion Strategy to 63 Clubs Including Chile Entry
PriceSmart (PSMT) reported strong financial results for its fourth fiscal quarter and full fiscal year 2026. The company achieved net merchandise sales of nearly $1.5 billion in Q4, contributing to total quarterly revenues exceeding $1.5 billion. For the full fiscal year 2026, PriceSmart recorded total net merchandise sales of approximately $5.8 billion and total revenues nearing $5.9 billion. Looking ahead, management has outlined an aggressive growth strategy aimed at expanding its footprint to a total of 63 clubs. A key component of this expansion includes entering the Chilean market, with the first club opening targeted for spring 2027. This strategic roadmap signals continued geographic diversification and scale for the membership warehouse club operator.
Tickers: $PSMT
Topics: earnings fiscal year results merchandise sales revenue
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