PriceSmart (PSMT) Q2 2026 Earnings Transcript

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DATE

Thursday, April 9, 2026 astatine 12 p.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — David Price

• Executive Vice President & Chief Financial Officer — Gualberto Hernandez

Full Conference Call Transcript

Gualberto Hernandez: Thank you, operator, and invited to PriceSmart Inc.'s Earnings Call for the Second Quarter of Fiscal Year 2026, which ended connected February 28, 2026. We volition beryllium discussing the accusation that we provided successful our net property merchandise and our 10-Q, which were some released yesterday, April 8, 2026. Also successful these remarks, we notation to non-GAAP fiscal measures. You tin find a reconciliation of our non-GAAP fiscal measures to the astir straight comparable GAAP measures successful our net property merchandise and our 10-Q. These documents are disposable connected our Investor Relations website astatine investors.pricesmart.com, wherever you tin besides motion up for email alerts.

As a reminder, each statements made connected this league telephone different than statements of humanities fact, are forward-looking statements concerning the company's anticipated plans, revenues and related matters. Forward-looking statements include, but are not constricted to, statements containing the words expect, believe, plan, will, may, should, estimation and immoderate different expressions. All forward-looking statements are based connected existent expectations and assumptions arsenic of contiguous April 9, 2026. These statements are taxable to risks and uncertainties that would origin existent results to disagree materially, including the risks elaborate successful the company's astir caller yearly study connected Form 10-K, the quarterly study of our 10-Q filed yesterday and different filings with the SEC, which are accessible connected the SEC's website astatine www.sec.gov.

These risks whitethorn beryllium updated from clip to time. The institution undertakes nary work to update forward-looking statements made during this call. Now I volition crook the telephone implicit to David Price, PriceSmart's Chief Executive Officer.

David Price: Thank you, Gualberto, and bully morning, everyone. Thank you for joining america today. We delivered a beardown 2nd quarter. Growth was broad-based crossed our regions and our rank renewal complaint reached an all-time high. I privation to instrumentality a infinitesimal to explicit my sincere gratitude to each 1 of our employees crossed our 13 countries successful Chile. Their dedication, hard enactment and passionateness for doing close by our members is the instauration of our success. . We delivered these results against the backdrop of continued planetary uncertainty, including currency volatility, evolving commercialized argumentation and macroeconomic pressures that are dynamic each multinationals look today.