---
schema_version: "secwatch.filing_event.v1"
accession: "0001041803-23-000009"
form_type: "8-K"
ticker: "PSMT"
cik: "0001041803"
company_name: "PRICESMART INC"
filed_at: "2023-01-09T23:59:59+00:00"
generated_at: "2026-06-20T17:26:28.324640+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PriceSmart Q1 net sales $1.03B (+8.6%), EPS $1.05, up 7.1% YoY

## Summary
- Net merchandise sales $1.03B, up 8.6% YoY (negative 2.3% FX impact).
- Comparable net sales +5.0% (negative 2.1% FX impact); 50 clubs vs 49 last year.
- Diluted EPS $1.05 (record), up 7.1% from $0.98; net income $32.9M, +7.9%.
- Membership income record $15.9M (+7.5%); renewal rate 87.9%; accounts 1.76M (+3.9%).
- Plans to open two new clubs in El Salvador (spring 2023) and Colombia (summer 2023).

## SEC filing metadata
- accession: 0001041803-23-000009
- form_type: 8-K
- ticker: PSMT
- cik: 0001041803
- company_name: PRICESMART INC
- filed_at: 2023-01-09T23:59:59+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/1041803/000104180323000009/0001041803-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041803/000104180323000009/psmt-20230109x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041803-23-000009
- JSON: https://secwatch.observer/filing/0001041803-23-000009.json
- Plain text: https://secwatch.observer/filing/0001041803-23-000009.txt

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