---
schema_version: "secwatch.filing_event.v1"
accession: "0001041803-23-000034"
form_type: "8-K"
ticker: "PSMT"
cik: "0001041803"
company_name: "PRICESMART INC"
filed_at: "2023-04-10T23:59:59+00:00"
generated_at: "2026-06-17T03:59:04.528342+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PriceSmart Q2 net sales up 10.3%, adjusted EPS $1.25 vs $1.03; plans new El Salvador club

## Summary
- Net merchandise sales $1.12B (+10.3% YoY); comparable store sales +8.5%.
- GAAP diluted EPS $1.02; adjusted diluted EPS $1.25 vs $1.03 prior year.
- Operating income rose to $53.8M from $48.3M.
- New warehouse club planned in Santa Ana, El Salvador; opening early 2024.
- Engaged Wayne Sadin as IT consultant to drive technology transformation.

## SEC filing metadata
- accession: 0001041803-23-000034
- form_type: 8-K
- ticker: PSMT
- cik: 0001041803
- company_name: PRICESMART INC
- filed_at: 2023-04-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1041803/000104180323000034/0001041803-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041803/000104180323000034/psmt-20230410.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041803-23-000034
- JSON: https://secwatch.observer/filing/0001041803-23-000034.json
- Plain text: https://secwatch.observer/filing/0001041803-23-000034.txt

## Key facts
- Earnings Releases
  PRICESMART INC reported fiscal second quarter of 2023 results: revenue $1.14 billion, net income $31.3 million, EPS $1.02 per diluted share.
  - Period: fiscal second quarter of 2023
  - Revenue: $1.14 billion
  - Net income: $31.3 million
  - EPS: $1.02 per diluted share
  - Result: reported results
  source text: Total revenues for the second quarter of fiscal year 2023 increased 10.0% to $1.14 billion compared to $1.04 billion in the comparable period of the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041803/000104180323000034/0001041803-23-000034-index.htm

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