PriceSmart, Inc. (PSMT) SEC Filings & Earnings Calls

Foreign currency exchange rate fluctuations positively impacted sales by 4.0%, indicating exposure to currency volatility.

“Foreign currency exchange rate fluctuations impacted net merchandise sales positively by $50.6 million, or 4.0%” · word for word

Currency volatility in Latin America

“Currency fluctuation can be one of the largest variables affecting our overall sales and profit performance because many of our markets are susceptible to foreign currency exchange rate volatility.” · word for word

U.S. dollar illiquidity in Trinidad

“Our balance as of May 31, 2026 of Trinidad dollar denominated cash and cash equivalents and short and long-term investments measured in U.S. dollars was $44.1 million, a decrease of $56.4 million from the peak of $100.5 million as of November 30, 2020.”

Political instability and social unrest

“We continue to face the risk of political instability which may have significant effects on our business.” · word for word

Tariff and trade policy uncertainty

“Current uncertainties about U.S. tariffs and reciprocal tariffs may have an adverse effect on our Company.” · word for word

Natural disaster risk

“In October 2025, Hurricane Melissa brought catastrophic winds, flash flooding and storm surge throughout the island of Jamaica resulting in the closure of our Jamaica clubs for two days.” · word for word

Currency volatility

“Currency fluctuation can be one of the largest variables affecting our overall sales and profit performance because many of our markets are susceptible to foreign currency exchange rate volatility.” · word for word

U.S. dollar illiquidity in Trinidad

“Our balance as of February 28, 2026 of Trinidad dollar denominated cash and cash equivalents... was $76.9 million... we are subject to continued challenges in converting our Trinidad dollars to U.S. dollars.” · word for word

Political instability

“We continue to face the risk of political instability which may have significant effects on our business.” · word for word

Tariff uncertainty

“Current uncertainties about U.S. tariffs and reciprocal tariffs may have an adverse effect on our Company.” · word for word

Foreign exchange volatility could impact reported results; positive this quarter but may reverse.

“Foreign currency exchange rate fluctuations impacted net merchandise sales positively by $27.7 million, or 2.1%” · word for word

Expansion into new markets carries execution risk and regulatory hurdles.

“subject to all permits being obtained” · word for word

Dividend subject to Board discretion based on financial performance and macroeconomic conditions

“actual declaration of future dividends, if any, the amount of such dividends, and the establishment of record and payment dates is subject to final determination by the Board of Directors at its discretion” · word for word

Currency devaluation in Dominican Republic and Honduras

“Currency fluctuations had $7.0 million, or 210 basis points (2.1%), of negative impact on net merchandise sales in our Caribbean segment.” · word for word

U.S. dollar illiquidity in Trinidad

“Our balance as of November 30, 2025 of Trinidad dollar denominated cash and cash equivalents and short and long-term investments measured in U.S. dollars was $80.2 million.” · word for word

Political instability in Panama and Guatemala

“We continue to face the risk of political instability which may have significant effects on our business.” · word for word

Tariff uncertainty

“Current uncertainties about tariffs may have an adverse effect on our Company.” · word for word

Natural disaster disruption (Hurricane Melissa)

“Hurricane Melissa brought catastrophic winds, flash flooding and storm surge throughout the island of Jamaica resulting in the closure of our Jamaica clubs for two days.” · word for word

Foreign currency exchange rate fluctuations impact sales positively by 1.1%.

“Foreign currency exchange rate fluctuations impacted net merchandise sales positively by $13.8 million, or 1.1%” · word for word

Foreign currency exchange rate fluctuations

“The Compensation Committee selected achievement of specified dollar values in net merchandise sales or net merchandise sales - constant currency ... We believe this measure provides a valuable means of evaluating period-to-period net merchandise sales growth before the impact of foreign currency exchange issues that are outside our executive officers’ contro” · word for word

Macroeconomic and geopolitical pressures in emerging markets

“Because we operate primarily in emerging markets where the needs of the communities and Members are often greater than in highly developed countries, we believe we have an even greater responsibility to be proactive.” · word for word

Key person dependency on Robert E. Price

“Robert Price turned 80 in August 2022. After considering Mr. Price’s historic and ongoing contributions to the Board and the Company, the Board of Directors has waived the application of the age limit to Mr. Price.” · word for word

Tariff and trade policy risk

“The U.S. government has implemented significant tariff measures, including a baseline tariff of 10% on products from all countries and higher rates targeting specific countries such as China, Vietnam, and the European Union.” · word for word

Political instability in key markets

“protestors set up roadblocks in Panama during October and November 2023 ... disrupting traffic to our clubs throughout most of the market. In the third quarter of fiscal year 2025, Panama once again experienced widespread protests and social unrest against the government.” · word for word

Currency and U.S. dollar illiquidity risk

“From time to time, we have experienced a lack of availability of U.S. dollars in certain markets (U.S. dollar illiquidity). This impedes our ability to convert local currencies obtained through merchandise sales into U.S. dollars to settle the U.S. dollar liabilities associated with our imported products or otherwise fund our operations.” · word for word

Supply chain disruption risk

“we experienced a brief disruption to the flow of imported merchandise into our Miami distribution center operations because of the U.S. dockworkers strike in October 2024.” · word for word

Consumer demand sensitivity to inflation

“Negative economic conditions created or exacerbated by inflation and higher interest rates could adversely impact our business in various respects.” · word for word

Foreign currency exchange rate fluctuations negatively impacted net merchandise sales by $36.8M for the full year.

“Foreign currency exchange rate fluctuations impacted net merchandise sales negatively by $36.8 million, or 0.8%, versus the prior year.” · word for word