---
schema_version: "secwatch.filing_event.v1"
accession: "0001041803-23-000042"
form_type: "8-K"
ticker: "PSMT"
cik: "0001041803"
company_name: "PRICESMART INC"
filed_at: "2023-07-10T23:59:59+00:00"
generated_at: "2026-06-13T10:25:42.491118+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PriceSmart Q3 net income up 53.6% to $29.6M; announces $75M buyback

## Summary
- Total revenues $1.10B (+6.4% YoY); net merchandise sales $1.07B (+7.1%).
- Diluted EPS $0.94 vs $0.62; adjusted diluted EPS $1.02.
- Comparable net merchandise sales +5.8% (constant currency +4.3%).
- Operating income $43.1M vs $33.8M; adjusted EBITDA $63.2M vs $51.3M.
- Board authorized $75M stock repurchase program with no time limit.

## SEC filing metadata
- accession: 0001041803-23-000042
- form_type: 8-K
- ticker: PSMT
- cik: 0001041803
- company_name: PRICESMART INC
- filed_at: 2023-07-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041803/000104180323000042/0001041803-23-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041803/000104180323000042/psmt-20230710.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041803-23-000042
- JSON: https://secwatch.observer/filing/0001041803-23-000042.json
- Plain text: https://secwatch.observer/filing/0001041803-23-000042.txt

## Key facts
- Earnings Releases
  PRICESMART INC reported first nine months of fiscal year 2023 ended May 31, 2023 results: revenue $3.29 billion, net income $93.8 million, EPS $3.01 per diluted share.
  - Period: first nine months of fiscal year 2023 ended May 31, 2023
  - Revenue: $3.29 billion
  - Net income: $93.8 million
  - EPS: $3.01 per diluted share
  - Result: reported results
  source text: Total revenues for the nine months ended May 31, 2023 increased 8.2% to $3.29 billion compared to $3.04 billion in the comparable period of the prior year. For the first nine months of fiscal year 2023, net merchandise sales increased 8.7% to $3.21 billion from $2.95 billion in the comparable prior year period. Net merchandise sales - constant currency increased 9.0% over the comparable prior year period. Foreign currency exchange rate fluctuations impacted net merchandise sales negatively by $8.6 million, or 0.3%, versus the same period in the prior year. Comparable net merchandise sales for the 49 warehouse clubs that have been open for greater than 13 1⁄2 calendar months increased 6.5% for the 39-week period ended June 4, 2023 compared to the comparable 39-week period of the prior year. Comparable net merchandise sales - constant currency for the 39 weeks ended June 4, 2023 increased 6.7%. Foreign currency exchange rate fluctuations impacted comparable net merchandise sales negative
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041803/000104180323000042/0001041803-23-000042-index.htm
- Earnings Releases
  PRICESMART INC reported third quarter of fiscal year 2023 ended May 31, 2023 results: revenue $1.10 billion, net income $29.6 million, EPS $0.94 per diluted share.
  - Period: third quarter of fiscal year 2023 ended May 31, 2023
  - Revenue: $1.10 billion
  - Net income: $29.6 million
  - EPS: $0.94 per diluted share
  - Result: reported results
  source text: Total revenues for the third quarter of fiscal year 2023 increased 6.4% to $1.10 billion compared to $1.03 billion in the comparable period of the prior year. For the third quarter of fiscal year 2023, net merchandise sales increased 7.1% to $1.07 billion from $999.0 million in the third quarter of fiscal year 2022. Net merchandise sales - constant currency increased 5.6% over the comparable prior year period. Foreign currency exchange rate fluctuations impacted net merchandise sales positively by $14.9 million, or 1.5%, versus the same period in the prior year. The Company had 51 warehouse clubs in operation as of May 31, 2023 compared to 50 warehouse clubs in operation as of May 31, 2022. Comparable net merchandise sales for the 49 warehouse clubs that have been open for greater than 13 1⁄2 calendar months increased 5.8% for the 13-week period ended June 4, 2023 compared to the comparable 13-week period of the prior year. Comparable net merchandise sales - constant currency for the 1
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041803/000104180323000042/0001041803-23-000042-index.htm

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