---
schema_version: "secwatch.filing_event.v1"
accession: "0001041803-22-000032"
form_type: "8-K"
ticker: "PSMT"
cik: "0001041803"
company_name: "PRICESMART INC"
filed_at: "2022-07-11T23:59:59+00:00"
generated_at: "2026-06-24T17:12:38.694597+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PriceSmart Q3 net sales up 16.5% to $999M; EPS $0.62 vs $0.73; inventory overhang weighs

## Summary
- Net merchandise sales $999M (+16.5% YoY); comparable sales +12.8% despite 2.2% negative FX impact.
- Operating income $33.8M vs $36.0M YoY; net income $19.3M ($0.62 diluted) vs $22.5M ($0.73).
- Membership base record 1.75M accounts; renewal rate 88.9%.
- Excess inventory in hardlines leads to higher markdowns; Q4 margin pressure expected but less severe.
- Plans to open third club in El Salvador (spring 2023) and second in Medellín (summer 2023).

## SEC filing metadata
- accession: 0001041803-22-000032
- form_type: 8-K
- ticker: PSMT
- cik: 0001041803
- company_name: PRICESMART INC
- filed_at: 2022-07-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041803/000104180322000032/0001041803-22-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041803/000104180322000032/psmt-20220711x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041803-22-000032
- JSON: https://secwatch.observer/filing/0001041803-22-000032.json
- Plain text: https://secwatch.observer/filing/0001041803-22-000032.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.