SAN DIEGO - PriceSmart , Inc. (NASDAQ: PSMT ) reported better-than-expected second-quarter results, with earnings and revenue surpassing analyst estimates. The warehouse club operator’s shares rose 1.1% following the announcement.

For the fiscal second quarter ended February 28, 2025, PriceSmart posted adjusted earnings per share of $1.45, exceeding the analyst consensus of $1.40. Revenue climbed 5.6% YoY to $1.36 billion, topping expectations of $1.34 billion. Net merchandise sales increased 5.8% to $1.33 billion, or 7.0% on a constant currency basis.

Comparable net merchandise sales for clubs open for more than 13 ½ months grew 6.7%, or 7.9% in constant currency terms. The company noted that foreign currency fluctuations negatively impacted net merchandise sales by $14.7 million, or 1.2%, compared to the same period last year.

"Our strong second-quarter performance reflects the continued execution of our growth strategy," said PriceSmart CEO Robert Price. "We’re pleased with the solid comparable sales growth across our markets, despite currency headwinds."

PriceSmart expanded its footprint during the quarter, opening its ninth warehouse club in Costa Rica. The company now operates 55 clubs across 12 countries and one U.S. territory.

Net income for the quarter rose 11.4% to $43.8 million, while adjusted EBITDA increased to $87.0 million from $84.1 million in the prior-year period.

The modest 1.1% stock price increase suggests investors view the results positively, though the market reaction remains muted.

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