At a glance
PriceSmart Inc is worth $4.99B, about 30 times its fiscal 2026 earnings. Revenue grew 11.5% to $5.88B in fiscal 2026, with 2.8% kept as profit; over 5 years it has grown 10.2% a year. It pays a 0.87% dividend yield, and returned $311.4M to shareholders in dividends and buybacks over FY2022–FY2026. The stock returned +32.5% over the past year with dividends reinvested and +19.2% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 29.7% in the 2020 crash (S&P 500: 33.7%) and 34.1% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high within a month and 19 months after the lows.
The business in plain English
PriceSmart runs membership warehouse clubs. These are large stores that sell a limited range of goods in big pack sizes to shoppers who pay a membership fee. Sol and Robert Price founded the company in 1996. They had earlier created Price Club, the original warehouse club. As of August 31, 2026, PriceSmart had 58 clubs in Central America, the Caribbean and Colombia, and more than two million membership accounts. Its customers include households and business members such as restaurants and resellers.
Most sales are everyday staples. In the fiscal year ended August 31, 2026, revenue was $5.88 billion. Foods and sundries (groceries, cleaning supplies and personal-care items) made up 45.3% of that. Fresh foods made up 30.9%, and hardlines such as electronics and appliances made up 10.4%. Margins are thin: net profit was 2.8% of sales. Membership fees were just 1.7% of revenue, but they equaled 38.6% of operating income. That is why renewals matter so much.
Central America produced 59.5% of revenue, the Caribbean 26.2% and Colombia 14.2%. About half of the merchandise comes from suppliers in Latin America and the Caribbean. The rest comes from the US and other countries. The company expects five club openings in fiscal 2027, including its first in Chile. That would bring the total to 63.
Price history
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PSMT +32.5% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By product or service
| Foods & Sundries | $2.66B | 45.3% |
| Fresh Foods | $1.81B | 30.9% |
| Hardlines | $609.2M | 10.4% |
| Softlines | $354.3M | 6% |
| Food Service and Bakery | $254.3M | 4.3% |
| Membership income | $100.8M | 1.7% |
| Health Services | $58.6M | 1% |
| Other revenue and income | $19.6M | 0.3% |
| Export sales | $2.1M | 0% |
By business segment
| Central American Operations | $3.50B | 59.5% |
| Caribbean Operations | $1.54B | 26.2% |
| Colombia Operations | $833.7M | 14.2% |
| United States Operations | $4.6M | 0.1% |
Latest results
- In Q4 FY2026 (ended Aug 31, 2026), revenue was $1.52B, up 13.9% from a year earlier, and net income was $37.6M (+19.3%).
- For fiscal 2026, revenue was $5.88B (+11.5% year over year; +10.2% a year from FY2021 to FY2026) with a 2.8% net margin.
Financial health check
| Revenue growth a year (FY2021–FY2026) | +10.2% good |
|---|---|
| Operating margin | 4.4% weak |
| Free cash flow margin | 1.6% watch |
| Return on equity (FY2026) | 11.4% watch |
| Return on assets (FY2026) | 6.4% watch |
| Net cash (cash minus debt) | $162.8M good |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $3.62B | $98.0M | $14.0M |
| FY2022 | $4.07B | $104.5M | $1.2M |
| FY2023 | $4.41B | $109.2M | $114.8M |
| FY2024 | $4.91B | $138.9M | $39.0M |
| FY2025 | $5.27B | $147.9M | $103.2M |
| FY2026 | $5.88B | $166.6M | $96.4M |
Valuation snapshot
| Market value | $4.99B |
|---|---|
| P/E ratio | 29.9 |
| Dividend yield | 0.87% |
Rank among 1514 US companies
Market value at each year end
PriceSmart’s market value went from $2.54B at the end of 2016 to $4.99B on Oct 28, 2026, about 2.0 times as much; since the end of 2025 it is up 32%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $4.99B | +32.1% |
| 2025 | $3.78B | +33.8% |
| 2024 | $2.83B | +23.6% |
| 2023 | $2.29B | +21.7% |
| 2022 | $1.88B | -16.8% |
| 2021 | $2.26B | -19.3% |
| 2020 | $2.80B | +28.8% |
| 2019 | $2.17B | +20.6% |
| 2018 | $1.80B | -31.2% |
| 2017 | $2.62B | +3.1% |
| 2016 | $2.54B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| PSMT price data to Oct 28, 2026 | +32.7% | +32.5% | +32.9% | +19.2% | +7.4% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +32.7% |
| 2025 | +34.8% |
| 2024 | +24.9% |
| 2023 | +26.2% |
| 2022 | -15.9% |
| 2021 | -19.1% |
| 2020 | +29.7% |
| 2019 | +21.6% |
| 2018 | -30.8% |
| 2017 | +4.0% |
| 2016 | +1.5% |
| 2015 | -8.3% |
| 2014 | -20.4% |
| 2013 | +50.6% |
| 2012 | +12.0% |
| 2011 | +85.4% |
| 2010 | +90.2% |
| 2009 | +1.7% |
| 2008 | -30.0% |
| 2007 | +70.4% |
| 2006 | +114.2% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 43.4% over that stretch · deepest drop along the way 66.5%, back to its old high 23.7 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 15.6% over that stretch · deepest drop along the way 29.7%, back to its old high 0.8 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 21.1% over that stretch · deepest drop along the way 34.1%, back to its old high 18.8 months after the low |
Insider activity
Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 21 sales ($6.0M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Jul 16, 2026 | Robert E Price Director, 10% owner | sell | $1.4M |
| Jul 20, 2026 | Robert E Price Director, 10% owner | sell | $846K |
| Jul 17, 2026 | Robert E Price Director, 10% owner | sell | $812K |
| Jul 17, 2026 | Robert E Price Director, 10% owner | sell | $692K |
| Aug 3, 2026 | Sherry S. Bahrambeygui Director | sell | $691K |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 12.1% | Mar 31, 2025 |
| Vanguard Portfolio Management | 5.92% | Mar 31, 2026 |
| FMR LLC | 5.6% | Mar 31, 2026 |
| EdgePoint Investment Group Inc. | 4.8% | Dec 31, 2024 |
| Black Creek Investment Management Inc. | 3.8% | Mar 31, 2026 |
ETFs with the most weight in PSMT
| PSCC Invesco S&P SmallCap Consumer Staples ETF | 4.79% |
| FSGS First Trust SMID Growth Strength ETF | 1.12% |
| SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF | 0.91% |
| SDVY First Trust SMID Cap Rising Dividend Achievers ETF | 0.88% |
| XSLV Invesco S&P SmallCap Low Volatility ETF | 0.82% |
| ROSC Hartford Multifactor Small Cap ETF | 0.48% |
| HAPS Harbor Human Capital Factor US Small Cap ETF | 0.42% |
| RZV Invesco S&P SmallCap 600® Pure Value ETF | 0.41% |
What could go wrong
- Currency swings and dollar shortages. Nearly all revenue comes from outside the US. Weaker local currencies shrink the dollar value of sales. At times the company has also struggled to swap local cash for dollars to pay for imports.
- Lower remittances could cut spending. Remittances are money that workers abroad send to family at home. The company warns that a drop in these flows into its markets could hurt its sales and profits.
- Political unrest and shifting rules. Many of its markets are small economies. Civil unrest like Panama's in fiscal 2025, crime, possible government seizure of assets and sudden changes to tariffs or taxes can disrupt sales and shipments.
- Storms and natural disasters. Its clubs operate in places exposed to severe weather. Storms and other disasters can close clubs or disrupt deliveries, and the company warns that insurance may not cover every loss.
- Import and supply chain disruptions. About 48.7% of sales come from goods sourced in the US, Asia and Europe. These move through distribution centers in Miami and Costa Rica. Shipping problems, tariffs or outages could leave shelves short.
- Competition could erode membership renewals. Membership fees equaled 38.6% of operating income in fiscal 2026. A major international online retailer entering its markets, or a rival with a better online experience, could reduce renewals and sales.
Recent events
- Quarterly results released
- Quarterly results released
- Quarterly results released
- Executive or board change; Shareholder vote results; Other company announcement
- Quarterly results released
- Quarterly results released
For income and retirement investors
PriceSmart pays a small dividend that has grown, though unevenly. Regular dividends rose from $0.70 a share in fiscal 2021 to $1.40 in fiscal 2026, about 14.9% a year. They reached $2.16 in fiscal 2024, then fell to $1.26 in fiscal 2025, so the streak of increases is only one year. The yield was just 0.87% as of October 28, 2026. The fiscal 2026 dividend used 25.8% of earnings and 44.6% of free cash flow (cash left after capital spending). Buybacks totaled about $108 million over fiscal 2022–2026, but the share count barely changed.
In downturns the stock has fallen further than the market. It lost 66.5% in the 2008 crisis, when the market fell 43.4%, and took nearly 24 months to recover. It fell 29.7% in the 2020 COVID crash and 34.1% in the 2022 bear market. Recovery took under a month the first time and 18.8 months the second. Single stocks carry more risk than diversified funds.
Questions investors ask
How does PriceSmart make money?
PriceSmart makes money by selling groceries and general merchandise in bulk, and by charging membership fees. In the fiscal year ended August 31, 2026, revenue was $5.88 billion. Foods and sundries brought in 45.3% and fresh foods 30.9%. Membership income was only 1.7% of revenue, but membership fees equaled 38.6% of operating income. The company says those fees help it run on lower margins than ordinary retailers. Net income was $166.6 million, or 2.8% of sales.
Where are PriceSmart stores located?
All of PriceSmart's warehouse clubs are in Latin America and the Caribbean. As of August 31, 2026, it had 58. Colombia and Costa Rica had 10 each, Panama and Guatemala seven each, and the Dominican Republic six. Trinidad and El Salvador had four each, Honduras three, and Nicaragua and Jamaica two each. Aruba, Barbados and the U.S. Virgin Islands had one each. Central America produced 59.5% of revenue. The headquarters and buying offices are in the United States.
Does PriceSmart raise its dividend every year?
No. Regular dividends per share doubled from $0.70 in fiscal 2021 to $1.40 in fiscal 2026, but not in a straight line. They reached $2.16 in fiscal 2024, then fell to $1.26 in fiscal 2025. That leaves a streak of just one year of increases. The yield was 0.87% as of October 28, 2026. The fiscal 2026 dividend used 25.8% of earnings and 44.6% of free cash flow.
Is PriceSmart opening stores in Chile?
Yes. PriceSmart has signed a lease for its first club in Chile. It will be in the Mallplaza Los Dominicos shopping center in Las Condes, Santiago, and is expected to open in spring 2027. The company has also agreed to buy land for two more Chilean clubs, subject to normal conditions. Chile is one of five openings planned for fiscal 2027, which would bring the total to 63 clubs. Entering a new country adds startup costs and risk before membership builds.
How has PriceSmart stock performed?
Strongly over three and five years, with sharp drops along the way. As of October 28, 2026, the share price had gained 32.5% over one year. It gained about 32.9% a year over three years and 19.2% a year over five years, but only 7.4% a year over ten years. These figures exclude dividends. The price-to-earnings ratio (share price divided by yearly profit per share) was 29.9, based on fiscal 2026 earnings. The deepest decline, 66.5%, came in the 2008 financial crisis.