PSMT earnings analysis
What we found in PSMT's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
PriceSmart reported a strong third quarter, with revenue reaching $1.5 billion, up approximately 8.9% year-over-year. Diluted EPS improved to $1.62, reflecting a robust financial performance. Management highlighted ongoing investments in club openings and digital capabilities despite a decline in cash position and heightened capital expenditures impacting free cash flow.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth
- Revenue increased to $1.5 billion, up $131 million or approximately 9.7% YoY.
- EPS Improvement
- Diluted EPS rose to $1.62, an increase of $0.17 or approximately 11.7% YoY.
- Operating Margin Expansion
- Operating margin improved to 5.1%, up from 4.6% in the prior quarter.
- Segment Performance Strength
- Continued club expansions and digital investments contributed significantly to growth.
- Reduction in Inventory
- Despite revenue growth, management reported a decline in cash and restricted cash.
- Strategic Club Openings
- Management plans several new club openings, enhancing future growth.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Cash Decline
- Cash and restricted cash declined, affecting liquidity and operational flexibility.
- Heightened CapEx
- Increased capital expenditures reduced free cash flow to $12 million this quarter.
- Currency Conversion Issues
- U.S. dollar illiquidity in Trinidad and Honduras may impact revenue realization.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.62
- Gross margin
- 17.7%
- Operating margin
- 5.1%
What they said about what is next.
Management deferred detailed quantitative guidance to the earnings call.
The filing reads better than the one before it.
What came before.
- 10-Q · April 8, 2026
- PriceSmart reported a solid quarter: revenues rose to $1,495,528,000 (up $131,642,000 or ~9.7% YoY) and diluted EPS was $1.62 (up $0.17 or ~11.7% YoY). Gross margin and operating margin both improved (gross ~17.7% and…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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