---
schema_version: "secwatch.filing_event.v1"
accession: "0001041803-24-000025"
form_type: "8-K"
ticker: "PSMT"
cik: "0001041803"
company_name: "PRICESMART INC"
filed_at: "2024-04-09T23:59:59+00:00"
generated_at: "2026-06-04T00:42:49.935371+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PriceSmart Q2 EPS $1.31 (+28% YoY); declares $1.00 special dividend; plans 9th Costa Rica club

## Summary
- Total revenues $1.29B (+13.1% YoY); net merchandise sales +13.0% to $1.26B; comparable sales +8.8%.
- Net income $39.3M ($1.31 diluted EPS) vs $31.3M ($1.02) in prior year; adjusted EPS also $1.31.
- Special dividend of $1.00 per share declared, payable April 30, 2024 to holders of record April 19.
- New warehouse club in Cartago, Costa Rica purchased; expected to open early 2025, raising total to 55 clubs.
- Operating income $63.6M vs $53.8M; adjusted EBITDA $84.1M vs $79.4M in Q2 last year.

## SEC filing metadata
- accession: 0001041803-24-000025
- form_type: 8-K
- ticker: PSMT
- cik: 0001041803
- company_name: PRICESMART INC
- filed_at: 2024-04-09T23:59:59+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/1041803/000104180324000025/0001041803-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041803/000104180324000025/psmt-20240409.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041803-24-000025
- JSON: https://secwatch.observer/filing/0001041803-24-000025.json
- Plain text: https://secwatch.observer/filing/0001041803-24-000025.txt

## Key facts
- Earnings Releases
  PRICESMART INC reported second quarter ended February 29, 2024 results: revenue $1.29 billion, net income $39.3 million, EPS $1.31 per diluted share.
  - Period: second quarter ended February 29, 2024
  - Revenue: $1.29 billion
  - Net income: $39.3 million
  - EPS: $1.31 per diluted share
  - Result: reported results
  source text: Total revenues for the second quarter of fiscal year 2024 increased 13.1% to $1.29 billion compared to $1.14 billion in the comparable period of the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041803/000104180324000025/0001041803-24-000025-index.htm

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