The company’s growth trajectory remains anchored in its physical expansion and steady membership demand. Net merchandise sales reached $1.45 billion, driving the bottom line past the $35.2 million profit recorded during the same period last year. With 57 warehouse clubs now in operation—up from 55 a year ago—PriceSmart is actively widening its geographic footprint.

Management is moving into new territory, securing a lease for its inaugural warehouse club in Chile. Additionally, the company purchased land in Costa Rica to develop its eleventh location in that country, signaling a sustained commitment to aggressive regional scaling.