PRICESMART INC — fact timeline

PRICESMART INC reported financial results for second quarter ended February 28, 2026.

“On April 8, 2026, PriceSmart, Inc. issued a press release regarding the results of operations for its second quarter ended February 28, 2026.”

David Price changed role as Chief Executive Officer at PRICESMART INC.

“PriceSmart previously announced that David Price will become Chief Executive Officer, effective September 1, 2025.”

Michael McCleary resigned as Executive Vice President and Chief Financial Officer at PRICESMART INC.

“PriceSmart’s current Executive Vice President and Chief Financial Officer Michael McCleary resigned by mutual agreement with the Company, but will continue to serve as an Executive Vice President of the Company through September 30, 2025.”

Gualberto Hernandez was appointed as Executive Vice President and Chief Financial Officer at PRICESMART INC.

“PriceSmart, Inc., a Delaware corporation (“PriceSmart” or the “Company”), today announced the appointment of Gualberto Hernandez as Executive Vice President and Chief Financial Officer effective June 1, 2025.”

David Price changed role as Chief Executive Officer at PRICESMART INC.

“David Price, the Company's current Executive Vice President and Chief Transformation Officer and member of the Board of Directors, will become Chief Executive Officer effective September 1, 2025.”

Robert Price changed role as Executive Chairman at PRICESMART INC.

“Robert Price will become Executive Chairman of the Board of Directors.”

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.

“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.”

PRICESMART INC: Amended certificate of incorporation to provide for exculpation of officers from personal liability as permitted by DGCL (effective 2024-02-01).

“On February 1, 2024, at the Annual Meeting of Stockholders, the stockholders of PriceSmart, Inc. (the “Company”) approved the amendment to the Company’s Amended and Restated Certificate of Incorporation, as amended (the “Charter Amendment”), to provide for the exculpation of certain officers of the Company against personal liability to the extent permitted by the Delaware General Corporation Law”

PRICESMART INC shareholders approved To ratify the selection of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending August 31, 2024 at the 2024-02-01 meeting.

“ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending August 31, 2024”

PRICESMART INC shareholders approved To approve an amendment to the Company’s Amended and Restated Certificate of Incorporation to provide for the limitation of liability of officers of the Company as permitted pursuant to recent amendment to the DGCL at the 2024-02-01 meeting.

“approved an amendment to the Company’s Amended and Restated Certificate of Incorporation to provide for the limitation of liability of officers of the Company as permitted pursuant to a recent amendment to the Delaware General Corporation Law”

PRICESMART INC shareholders approved To approve, on an advisory basis, the frequency of holding an advisory vote on executive compensation at the 2024-02-01 meeting.

“The Company’s stockholders approved every “one year” as the frequency of a stockholder vote on compensation of the named executive officers of the Company.”

PRICESMART INC shareholders approved To approve, on an advisory basis, the compensation of the Company's named executive officers for fiscal year 2023 at the 2024-02-01 meeting.

“Stockholders also (i) approved, on an advisory basis, the compensation of the Company's named executive officers for fiscal year 2023”

PRICESMART INC shareholders approved Election of directors at the 2024-02-01 meeting.

“Each of the nominees of the Board of Directors (the “Board”) received such a plurality and was re-elected to the Board.”

PRICESMART INC reported first quarter ended November 30, 2023 results: revenue $1.17 billion, net income $38.0 million, EPS $1.24 per diluted share.

“the fiscal first quarter of 2024, which ended on November 30, 2023. First Quarter Financial Results Total revenues for the first quarter of fiscal year 2024 increased 10.6% to $1.17 billion compared to $1.05 billion in the comparable period of the prior year. For the first quarter of fiscal year 2024, net merchandise sales increased 10.7% to $1.14 billion from $1.03”

PRICESMART INC reported fourth quarter ended August 31, 2023 results: revenue $1.12 billion, net income $15.4 million, or $0.49 per diluted share, EPS $0.49 per diluted share.

“Total revenues for the fourth quarter of fiscal year 2023 increased 9.5% to $1.12 billion compared to $1.02 billion in the comparable period of the prior year.”

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.

“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”

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.

“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”

PRICESMART INC reported fiscal second quarter of 2023 results: revenue $1.14 billion, net income $31.3 million, EPS $1.02 per diluted share.

“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.”

John D. Hildebrandt was appointed as President and Chief Operating Officer at PRICESMART INC.

“John D. Hildebrandt had been appointed President and Chief Operating Officer, effective December 9, 2022.”

Juan Ignacio Biehl resigned as Executive Vice President and Chief Technology Officer at PRICESMART INC.

“As previously announced, on February 3, 2023, Juan Ignacio Biehl, Executive Vice President and Chief Technology Officer of the Company, informed the Company’s Interim Chief Executive Officer that he plans to resign to pursue other opportunities.”

Juan Ignacio Biehl resigned as Executive Vice President and Chief Technology Officer at PRICESMART INC.

“On February 3, 2023, Juan Ignacio Biehl, Executive Vice President and Chief Technology Officer of PriceSmart, Inc., a Delaware corporation (“PriceSmart” or the “Company”), informed the Company’s Interim Chief Executive Officer that he plans to resign to pursue other opportunities.”

PRICESMART INC shareholders approved To ratify the selection of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending August 31, 2023 at the 2023-02-03 meeting.

“4. To ratify the selection of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending August 31, 2023: Votes For Votes Against Abstain Total Shares Voted 29,253,905 333,845 11,743”

PRICESMART INC shareholders approved To approve a proposed amendment to the Company’s Amended and Restated 2013 Equity Incentive Award Plan to increase the number of shares of Common Stock available for the grant of awards by 750,000 shares at the 2023-02-03 meeting.

“3. To approve a proposed amendment to the Company’s Amended and Restated 2013 Equity Incentive Award Plan to increase the number of shares of Common Stock available for the grant of awards by 750,000 shares: Votes For Votes Against Abstain Broker Non-Votes Total Shares Voted 26,933,269 1,496,462 12,222 1,157,540”

PRICESMART INC shareholders rejected To approve, on an advisory basis, the compensation of the Company's named executive officers for fiscal year 2022 at the 2023-02-03 meeting.

“2. To approve, on an advisory basis, the compensation of the Company's named executive officers for fiscal year 2022: Votes For Votes Against Abstain Broker Non-Votes Total Shares Voted 13,851,458 14,575,475 15,020 1,157,540”

PRICESMART INC shareholders approved To elect directors to serve until the next Annual Meeting of Stockholders or until their successors are elected and qualified at the 2023-02-03 meeting.

“1. To elect directors to serve until the next Annual Meeting of Stockholders or until their successors are elected and qualified: Votes For Votes Withheld Broker Non-Votes Sherry S. Bahrambeygui 26,938,917 1,503,036 1,157,540 Jeffrey R. Fisher 28,122,910 319,043 1,157,540 Gordon H. Hanson 28,100,711 341,242 1,157,540 Beatriz V. Infante 28,279,160 162,793 1,157,540 Leon C. Janks 26,729,708 1,712,245 1,157,540 Patricia Márquez 28,037,298 404,655 1,157,540 David N. Price 25,019,366 3,422,587 1,157,540 Robert E. Price 27,725,746 716,207 1,157,540 David R. Snyder 24,019,679 4,422,274 1,157,540 Edgar Zurcher 26,238,582 2,203,371 1,157,540”

John D. Thelan was elected as director at PRICESMART INC.

“Additionally, the Board elected John D. Thelan as a director of the Company to fill the newly created vacancy, effective immediately.”

PRICESMART INC: The Company amended its Bylaws to change the standard for stockholder approval, excluding broker non-votes from shares considered present and voting (effective 2022-12-08).

“On December 8, 2022, the Board of Directors of PriceSmart, Inc. (the “Company”) approved an amendment to the Company’s Second Amended and Restated Bylaws (the “Bylaws”), which became effective immediately. The amendment amends and restates Section 5 of Article II of the Bylaws to change the standard for approval of matters subject to a vote of the stockholders such that “broker non-votes” will be excluded from shares considered to be present and voting on such matters.”

Robert E. Price was appointed as Interim Chief Executive Officer at PRICESMART INC.

“Upon Ms. Bahrambeygui’s resignation, Robert E. Price will become Interim Chief Executive Officer.”

Sherry Bahrambeygui resigned as Chief Executive Officer at PRICESMART INC.

“Sherry Bahrambeygui will be resigning as Chief Executive Officer, effective February 3, 2023”

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.

“$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%”

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.

“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”

John D. Hildebrandt changed role as Chief Operating Officer at PRICESMART INC.

“On May 23, 2022, the Compensation Committee of the Board of Directors of the Company approved Mr. Hildebrandt’s appointment as Chief Operating Officer in an ongoing, as opposed to acting, capacity.”

John D. Hildebrandt was appointed as Acting Chief Operating Officer at PRICESMART INC.

“Upon Mr. Naylon’s resignation, John D. Hildebrant will become Acting Chief Operating Officer.”

William J. Naylon resigned as Executive Vice President and Chief Operating Officer at PRICESMART INC.

“the resignation by mutual agreement of its Executive Vice President and Chief Operating Officer, William J. Naylon, effective February 28, 2022.”

Mitchell Lynn departed as Director at PRICESMART INC.

“On December 6, 2021, Mitchell Lynn notified PriceSmart, Inc., a Delaware corporation (the “Company”), of his decision, for personal reasons, not to stand for re-election to the Board of Directors of the Company at the Company’s next annual meeting of stockholders.”