---
schema_version: "secwatch.filing_event.v1"
accession: "0001041803-22-000043"
form_type: "8-K"
ticker: "PSMT"
cik: "0001041803"
company_name: "PRICESMART INC"
filed_at: "2022-10-31T23:59:59+00:00"
generated_at: "2026-06-22T21:14:43.964215+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PriceSmart Q4 net merchandise sales up 13.6% to $989.9M; EPS $0.75, up 19% YoY; record membership 1.76M

## Summary
- Net merchandise sales $989.9M (+13.6% YoY); total revenue >$1.0B for Q4 and >$4.0B for FY2022.
- Comparable net merchandise sales +9.2%, with negative FX impact of 2.7%.
- Record membership of 1.76M accounts (+5.5%); renewal rate 88.9%; membership income $15.6M (+6.7%).
- Diluted EPS $0.75 (up 19% from $0.63); operating income $39.0M vs $32.5M.
- September 2023 first month sales $324.1M (+12.1%); comps +7.8%; two new clubs planned in FY23.

## SEC filing metadata
- accession: 0001041803-22-000043
- form_type: 8-K
- ticker: PSMT
- cik: 0001041803
- company_name: PRICESMART INC
- filed_at: 2022-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041803/000104180322000043/0001041803-22-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041803/000104180322000043/psmt-20221031x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041803-22-000043
- JSON: https://secwatch.observer/filing/0001041803-22-000043.json
- Plain text: https://secwatch.observer/filing/0001041803-22-000043.txt

## Key facts
- Earnings Releases
  PRICESMART INC reported fiscal year ended August 31, 2022 results: revenue $4.07 billion, net income $104.5 million, EPS $3.38 per diluted share.
  - Period: fiscal year ended August 31, 2022
  - Revenue: $4.07 billion
  - Net income: $104.5 million
  - EPS: $3.38 per diluted share
  - Result: reported results
  source text: $0.63 per diluted share, in the fourth quarter of fiscal year 2021.  Full Year Financial Results  Total revenues for the fiscal year ended August 31, 2022 increased 12.3% to $4.07 billion compared to $3.62 billion in the prior year.  Comparable net merchandise sales for warehouse clubs that have been open for greater than 13 1⁄2 calendar months increased 10.4%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041803/000104180322000043/0001041803-22-000043-index.htm
- Earnings Releases
  PRICESMART INC reported fourth quarter ended August 31, 2022 results: revenue $1.02 billion, net income $23.3 million, EPS $0.75 per diluted share.
  - Period: fourth quarter ended August 31, 2022
  - Revenue: $1.02 billion
  - Net income: $23.3 million
  - EPS: $0.75 per diluted share
  - Result: reported results
  source text: and capitalize on potential opportunities going forward."  Fourth Quarter Financial Results  Total revenues for the fourth quarter of fiscal year 2022 increased 12.3 % to $ 1.02 billion compared to $909.6 million in the comparable period of the prior year. For the fourth quarter of fiscal year 2022, net merchandise sales increased 13.6 % to $ 989.9 million from
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041803/000104180322000043/0001041803-22-000043-index.htm

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