# PriceSmart

> PriceSmart operates paid-membership warehouse clubs serving households and small businesses across Latin America and the Caribbean. Its model combines a curated assortment, bulk purchasing, imported and locally sourced goods, Member’s Selection private-label products, wellness services and online shopping. The company reported 58 clubs in September 2026 and $5.270 billion in fiscal 2025 revenue.

- **Founded:** 1996
- **Headquarters:** San Diego, United States
- **Founders:** Sol Price (Co-founder), Robert Price (Co-founder)
- **Products:** Membership warehouse clubs, Diamond and Business memberships, Platinum membership, Member’s Selection, PriceSmart.com and Click & Go
- **Notable:** 58 warehouse clubs reported in September 2026 across 12 countries and one U.S. territory., Fiscal 2025 total revenue of US$5.270 billion, up 7.2% year over year., More than two million membership accounts at August 31, 2025.

## Products & services

- **Membership warehouse clubs** — Paid-access clubs offering bulk groceries, fresh foods, household supplies and selected general merchandise.
- **Diamond and Business memberships** — Consumer and business membership options; Panama lists a $40 annual base fee plus tax, including two cards. Terms vary by market.
- **Platinum membership** — Premium membership with 2% rewards on eligible merchandise, exclusions and an annual maximum generally equivalent to US$500. Panama lists an $80 base annual fee plus tax.
- **Member’s Selection** — Private-label groceries and household goods; the company stopped selling produce under this brand in the first quarter of fiscal 2026.
- **PriceSmart.com and Click & Go** — Online shopping, curbside pickup and delivery, subject to local availability and conditions.
- **Wellness services** — Optical, pharmacy and audiology offerings where available.

## Achievements

- 58 warehouse clubs reported in September 2026 across 12 countries and one U.S. territory.
- Fiscal 2025 total revenue of US$5.270 billion, up 7.2% year over year.
- More than two million membership accounts at August 31, 2025.
- Trailing twelve-month membership renewal rate of 90.5% at May 31, 2026.

## Latest updates

- **2026-09** — Announced the August opening of its tenth Costa Rica club in Ciudad Quesada, bringing the reported network to 58. Fiscal 2026 fourth-quarter results were scheduled for October 26, 2026.
- **2026-07** — Reported plans for a first club in Chile, in Santiago’s Las Condes district, and an eleventh club in Costa Rica. The Chile club was expected in spring 2027.
- **2026-07** — Q3 FY2026 reporting showed a 90.5% trailing renewal rate and a supply-chain software rollout still in progress.
- **2025-09** — David N. Price became chief executive officer, succeeding interim CEO Robert Price.

## Links

- Website: https://www.pricesmart.com
- LinkedIn: https://www.linkedin.com/company/pricesmart/
- Twitter/X: https://twitter.com/pricesmartshop
- Instagram: https://www.instagram.com/pricesmartcr/
- Facebook: https://www.facebook.com/PriceSmart/

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Profile page: https://yespress.io/pricesmart
Published by YesPress — https://yespress.io
Last updated: 2026-10-22