By Elias Schisgall

PriceSmart posted a higher profit in the second quarter as an increase in comparable sales boosted the company's top line.

The operator of membership warehouse clubs in Central America, the Caribbean and Colombia on Wednesday posted a profit of $49.1 million, or $1.62 a share. That compares with a profit of $43.8 million, or $1.45 a share, a year earlier.

Analysts surveyed by FactSet were expecting earnings of $1.57 a share.

Revenue rose to $1.5 billion, up from $1.36 billion a year prior.

Net merchandise sales, which make up most of the company's topline, rose to $1.47 billion from $1.33 billion. Membership income rose to $24.5 million from $20.9 million.

Comparable net merchandise sales rose 5.5% on a constant currency basis.

The company ended the quarter with 56 warehouse clubs, up from 54 a year earlier.

PriceSmart said it has leased land for an eighth warehouse club in Guatemala, expected to open in the spring of 2027.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

April 08, 2026 16:13 ET (20:13 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.