PriceSmart PSMT Q3 2026: $1.48B Revenue and a Bold Chile Expansion
As seen on the 24/7 Wall St. homepage on July 8, 2026.
PriceSmart crushed earnings with a 7.6% EPS beat and is now charging into Chile with its first warehouse club, marking entry into a new market and its debut in a mall setting. The retailer posted $1.48B in revenue, up 12.5% year-over-year, with comparable sales growth of 10.7% across its 57 clubs even as currency swings fueled a $50.6M revenue lift.
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PriceSmart reported fiscal Q3 2026 earnings per share of $1.28, beating the consensus estimate of $1.19 by 7.6%. Revenue came in at $1.48B, a 12.5% jump year-over-year and roughly 2% above what analysts had expected at $1.45B. Comparable sales across the company's 57 clubs grew 10.7%, a sign that its membership warehouse model is gaining traction in the Latin American and Caribbean markets it serves. Currency movements added a notable $50.6M tailwind to reported revenue.
The quarter's most forward-looking development is PriceSmart's planned entry into Chile, which will mark both a new country on its map and its first club inside a mall setting. That format shift is worth watching: embedding a warehouse club within a mall changes the typical PriceSmart real-estate playbook and could inform how the company approaches future urban or higher-density markets.
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Looking at recent EPS history, the Q3 2026 beat extends a stretch of mostly positive surprises after the company missed estimates in Q4 2024 and Q4 2025. The back-to-back beats in Q2 and Q3 2026, where reported EPS topped estimates by meaningful margins, suggest the business is executing well heading into what has historically been a softer earnings quarter for the retailer.
Mentioned: PSMT