PRICESMART INC

Listed Company

PSMTCIK 0001041803NasdaqLarge AcceleratedRetail-Variety StoresDelawareFY ends Aug 31

Period

FY 2025

Revenue

$5.27B

Net Income

$147.89M

Total Assets

$2.27B

Equity

$1.25B

Shares Out

30.90M

Op. Cash Flow

$261.31M

Business

PRICESMART INC operates a membership warehouse club business serving Central America, the Caribbean and Colombia, with ongoing expansion initiatives into Chile. It offers a wide assortment of consumables, fresh foods, hardlines, softlines, food service and bakery items, private-label “Member’s Selection®” products, and in-club services such as optical, audiology and pharmacy, plus online shopping and Click & Go® pickup and delivery. Its reporting business segments include the United States, Central America, the Caribbean and Colombia, supported by regional and local distribution centers. PriceSmart distributes merchandise through its member-facing clubs, regional and local distribution centers, third-party logistics providers, and digital channels including a mobile app and PriceSmart.com.

Summary from filing dated 2025-10-30

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Total revenues	5,270	4,914	4,412	4,066	3,620
Cost of goods sold	4,356	4,067	3,653	—	—
Warehouse club and other operations	498	466	417	378	359
General and administrative	180	156	135	133	125
Reserve for AMT settlement	0	0	7	0	0
Separation costs associated with Chief Executive Officer departure	0	0	8	0	0
Pre-opening expenses	1	970,000	1	1	849,000
Asset impairment and closure costs	0	0	6	0	0
Loss on disposal of assets	2	2	744,000	1	1
Total operating expenses	5,038	4,693	4,227	3,899	3,462
Operating income	233	221	185	167	158
Interest income	10	11	10	2	2
Interest expense	−12	−13	−11	−10	—
Other expense, net	−25	−18	−14	−3	−6
Total other expense	−26	−20	−15	−11	−11
Income before provision for income taxes and income (loss) of unconsolidated affiliates	206	201	169	156	147
Provision for income taxes	−59	−63	−60	−52	−49
Income (loss) of unconsolidated affiliates	6,000	66,000	−55,000	−10,000	−58,000
Net income	148	139	109	105	98
Basic (in dollars per share)	4.82	4.57	3.51	3.38	3.18
Diluted (in dollars per share)	4.82	4.57	3.5	3.38	3.18
Basic (in shares)	30	30	31	31	30
Diluted (in shares)	30	30	31	31	30
Dividends (in dollars per share)	1.26	2.16	0.92	0.86	0.7

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Cash and cash equivalents	241	125	240	238	202
Short-term restricted cash	11	1	3	3	4
Short-term investments	73	100	91	11	50
Receivables, net of allowance for credit losses of $2 as of August 31, 2025 and $52 as of August 31, 2024, respectively	17	19	18	13	12
Merchandise inventories	561	529	471	464	390
Prepaid expenses and other current assets (includes $0 and $4,480 as of August 31, 2025 and August 31, 2024, respectively, for the fair value of derivative instruments)	71	58	54	44	39
Total current assets	974	832	877	774	697
Long-term restricted cash	33	10	9	11	10
Property and equipment, net	996	936	850	757	730
Operating lease right-of-use assets, net	113	96	114	112	124
Goodwill	43	43	43	43	45
Deferred tax assets	41	37	32	28	24
Other non-current assets (includes $701 and $1,482 as of August 31, 2025 and August 31, 2024, respectively, for the fair value of derivative instruments)	60	62	69	73	57
Investment in unconsolidated affiliates	7	7	10	11	11
Total Assets	2,269	2,023	2,006	1,808	1,706
Short-term borrowings	12	8	9	11	—
Accounts payable	507	486	453	408	389
Accrued salaries and benefits	52	48	45	44	42
Deferred income	43	38	33	29	27
Income taxes payable	7	7	9	7	8
Other accrued expenses and other current liabilities (includes $551 and $1,179 as of August 31, 2025 and August 31, 2024, respectively, for the fair value of derivative instruments)	58	50	57	39	40
Operating lease liabilities, current portion	8	7	8	7	9
Long-term debt, current portion	39	36	20	34	19
Total current liabilities	726	680	634	579	534
Deferred tax liability	1	2	2	2	2
Long-term income taxes payable, net of current portion	4	5	5	5	4
Long-term operating lease liabilities	122	104	122	118	129
Long-term debt, net of current portion	148	94	119	104	110
Other long-term liabilities (includes $6,196 and $2,100 for the fair value of derivative instruments and $13,628 and $12,742 for post-employment plans as of August 31, 2025 and August 31, 2024, respectively)	20	15	15	8	11
Total Liabilities	1,022	900	899	817	790
Common stock $0.0001 par value, 45,000,000 shares authorized; 32,688,047 and 32,570,858 shares issued and 30,745,833 and 30,635,556 shares outstanding (net of treasury shares) as of August 31, 2025 and August 31, 2024, respectively	3,000	3,000	3,000	3,000	3,000
Additional paid-in capital	529	515	497	481	465
Accumulated other comprehensive loss	−161	−165	−164	−196	−183
Retained earnings	999	890	818	737	659
Less: treasury stock at cost, 1,942,214 shares as of August 31, 2025 and 1,935,302 shares as of August 31, 2024	−120	−117	−44	−32	—
Total Stockholders' Equity	1,247	1,123	1,107	991	915
Total Liabilities and Equity	2,269	2,023	2,006	1,808	1,706

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Depreciation and amortization	88	83	73	68	65
Allowance for credit losses	−50,000	−15,000	−36,000	63,000	−53,000
Deferred income taxes	−4	−5	−6	−3	−4
Stock-based compensation	19	17	17	17	18
Receivables, prepaid expenses and other current assets, non-current assets, accrued salaries and benefits, deferred membership income and other accruals	15	−4	18	−14	13
Merchandise inventories	−32	−57	−10	−75	−80
Accounts payable	25	32	43	23	16
Net cash provided by operating activities	261	208	257	122	127
Additions to property and equipment	−158	−169	−143	−121	−113
Purchases of short-term investments	−80	−184	−139	−22	—
Proceeds from settlements of short-term investments	106	175	59	62	66
Proceeds from disposal of property and equipment	2	2	361,000	193,000	—
Net cash used in investing activities	−129	−175	−222	−75	−117
Proceeds from long-term bank borrowings	93	17	39	31	18
Repayment of long-term bank borrowings	−37	−26	−36	−23	−20
Proceeds from short-term bank borrowings	6	2	848,000	24	0
Repayment of short-term bank borrowings	−2	−3	−3	−11	−65
Cash dividend payments	−39	−66	−29	−27	−22
Purchase of treasury stock	−7	−73	−13	−6	—
Net cash provided by (used in) financing activities	14	−150	−41	−12	−95
Effect of exchange rate changes on cash and cash equivalents and restricted cash	2	2	7	1	−4
Net increase (decrease) in cash, cash equivalents	149	−116	829,000	36	−88
Capital expenditures accrued, but not yet paid	768,000	5	5	3	3
Interest	11	13	11	9	8
Income taxes	84	91	78	67	59

Filings

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