Revenue: As of FY2026 Q1, the actual value is USD 1.383 B, beating the estimate of USD 1.357 B.EPS: As of FY2026 Q1, the actual value is USD 1.29, missing the estimate of USD 1.325.EBIT: As of FY2026 Q1, the actual value is USD 64.4 M.<h3>Overall Financial Performance</h3>PriceSmart, Inc. reported an increase in total revenues by 9.9% to $1,382,729 thousand in 2025 from $1,257,944 thousand in 2024, and net merchandise sales grew by 10.6% to $1,353,796 thousand in 2025 from $1,223,859 thousand in 2024, with a 9.5% increase in constant currency . Total gross margin increased by 11.2% to $215,614 thousand in 2025 from $193,982 thousand in 2024, maintaining 15.9% of net merchandise sales in both periods . Total revenue margin rose by $25,331 thousand to $244,385 thousand in 2025 from $219,054 thousand in 2024, representing 17.7% of total revenues in 2025 compared to 17.4% in 2024 . Selling, General and Administrative (SG&amp;A) expenses increased by 12.9% to $181,458 thousand in 2025 from $160,794 thousand in 2024, making up 13.1% of total revenues in 2025, up from 12.8% in 2024 . Operating income increased by 8.0% to $62,927 thousand in 2025 from $58,260 thousand in 2024, holding steady at 4.6% of total revenues . Net income reached $40,166 thousand in 2025, up from $37,428 thousand in 2024 . Adjusted EBITDA increased by $7,787 thousand to $86,904 thousand in 2025 from $79,117 thousand in 2024 . Interest income increased to $2,949 thousand in 2025 from $2,220 thousand in 2024, while interest expense rose to $4,420 thousand in 2025 from $2,695 thousand in 2024 . Other expense, net, decreased to - $5,761 thousand in 2025 from - $6,856 thousand in 2024 . Provision for income taxes increased to $15,529 thousand in 2025 from $13,496 thousand in 2024, with the effective tax rate rising to 27.9% from 26.5% . Other comprehensive income was $16,643 thousand in 2025, compared to - $3,016 thousand in 2024 .<h3>Segmented Performance</h3>Net Merchandise Sales by Segment (2025 vs. 2024): Central America: $816,633 thousand vs. $744,835 thousand, a 9.6% increase (9.2% in constant currency) . Caribbean: $359,086 thousand vs. $339,639 thousand, a 5.7% increase (7.8% in constant currency) . Colombia: $178,077 thousand vs. $139,385 thousand, a 27.8% increase (15.0% in constant currency) .Comparable Net Merchandise Sales Growth (2025 vs. 2024): Consolidated: Increased by 8.0% (6.9% in constant currency) . Central America: Increased by 5.4% (5.1% in constant currency) . Caribbean: Increased by 5.6% (7.7% in constant currency) . Colombia: Increased by 27.9% (14.7% in constant currency) .Operating Income by Segment (2025 vs. 2024): Central America: $55,070 thousand vs. $52,058 thousand . Caribbean: $22,544 thousand vs. $22,709 thousand . Colombia: $9,736 thousand vs. $5,630 thousand . United States: - $1,865 thousand vs. - $1,672 thousand .<h3>Membership &amp; Digital Metrics</h3>Membership income increased by 15.9% to $23,420 thousand in 2025 from $20,199 thousand in 2024 . Total member accounts reached 2,039,558 as of November 30, 2025, a 6.7% increase from the prior year . Platinum membership accounts constituted 19.3% of the total membership base as of November 30, 2025, up from 14.0% in the prior year . The trailing twelve-month renewal rate was 89.3% for the period ended November 30, 2025, compared to 87.8% for the prior year . Digital channel sales reached $89.8 million in the first quarter of fiscal year 2026, marking a 29.4% year-over-year increase and representing 6.6% of total net merchandise sales . Private-label sales represented 27.0% of total net merchandise sales in the first three months of fiscal year 2026, a slight decrease from 27.7% in the same period of fiscal year 2025 .<h3>Cash Flow and Capital Expenditures</h3>Net cash provided by operating activities was $71,245 thousand in 2025, compared to $38,530 thousand in 2024 . Net cash used in investing activities was - $90,267 thousand in 2025, compared to - $29,306 thousand in 2024 . Net cash used in financing activities was - $16,150 thousand in 2025, compared to - $17,588 thousand in 2024 . Capital expenditures totaled $38,600 thousand in 2025, with $18,500 thousand allocated for maintenance and $20,100 thousand for growth .<h3>Future Outlook and Strategy</h3>PriceSmart, Inc. plans to open four new warehouse clubs by winter 2026, bringing the total number of clubs to 60, and is exploring expansion into Chile for multiple warehouse clubs . Strategic initiatives include enhancing distribution and logistics networks with new distribution centers planned for fiscal year 2026 in Trinidad, Colombia, and the Dominican Republic, following one in China in the first half of fiscal year 2026 . The company is also focusing on technological advancements, with the RELEX software platform implementation expected to complete in fiscal year 2026 and the Elera point-of-sale system rollout beginning in Spanish-speaking Central American markets in the second quarter of fiscal year 2026 .

PriceSmart | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 1.383 B