PriceSmart Climbs on 3Q Results, Possible Expansion Plans

Dow Jones

Jul 12

By Kelly Cloonan

Shares of PriceSmart rose after the company logged higher profit and revenue in its latest fiscal quarter and said it is looking at Chile as a potential new market.

The stock edged up 7.1%, to $110, earlier in the session on Friday, putting it on pace for its largest percent increase since April 2023. It has since moderated to a gain of 6.4%.

The operator of membership warehouse clubs in Latin America and the Caribbean on Thursday logged a quarterly profit of $35.2 million, or $1.14 a share, compared with $32.5 million, or $1.08 cents a share, a year earlier. Analysts polled by FactSet expected $1.12 a share.

Revenue rose 7.1%, to $1.32 billion, as merchandise sales rose 7% on a comparable basis.

PriceSmart also said it is evaluating Chile as a potential new market for multiple warehouse clubs. The company said it has hired local consultants and is actively looking for new sites in the country, but opening these warehouse clubs remains subject to change.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

July 11, 2025 14:44 ET (18:44 GMT)

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