Slide 1: PriceSmart, Inc. Overview Presentation
2026 PriceSmart, Inc. Overview Presentation Issued: April 2026 NASDAQ : PSMT 1
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may contain forward-looking statements concerning PriceSmart, Inc.'s ("PriceSmart", the "Company" or "we") anticipated future revenues and earnings, adequacy of future cash flows, omni-channel initiatives, proposed warehouse club and distribution center o
Slide 3: Business Overview
zt PriceSmart Business Overview
Slide 4: Our Origins
Our Origins FOUNDED FedMart 1954 FOUNDED Founded in San Diego, California in 1954 Founders: Sol Price and local investors 1993 Founding Principles: Duty to our Customers Price Club and Costco Merger in 1993 • Customers come first • Merger created the second largest • Sell only quality merchandise me
Slide 5: Our History
Our History 1996 1997 1999 2008 2011 2012 2013 2017 2019 2020 2021 2022 th 2023 st 2024 nd 2025 2026 First location PriceSmart Expansion PriceSmart PriceSmart PriceSmart 1 Million PriceSmart Launch of •Launch of •Addition of •Opening of 50 •Opening of 51 •Opening of 52 •Opening of •Appointment of th
Slide 6: Our Culture
6 Our Culture Values Integrity Excellence Community • We do what’s right – • We set high • We care for the always. We act with standards and people and places honesty, transparency, continuously we serve. We build and fairness in every improve. From our trust with our decision and clubs to our suppl
Slide 7: Mission
Mission PriceSmart's mission is to provide all Members an outstanding shopping experience with high quality, exciting merchandise and services at the lowest possible prices. 7
Slide 8: Purpose
Purpose PriceSmart's purpose is to improve the lives and businesses of our Members, our employees and our communities through the responsible delivery of the best quality goods and services at the lowest possible prices. We aim to serve as a model company, which operates profitably and provides a go
Slide 9: Warehouse Club Membership Model
Warehouse Club Membership Model Low Prices: Offering Private Label, National, Limited SKUs (Stock Keeping Unit): the lowest possible selling and International Brands: We offer Helping keep the guesswork out price is the foundation our Members low prices on a limited of item selection by only stockin
Slide 10: The Six Rights Value Proposition
The Six Rights Value Proposition Squeeze Out Inefficiencies Limited SKU Selection The Right Merchandise Efficient Distribution with Regional and In-country The Right Distribution Centers Place Low Margins to Pass Savings onto Members Leverage Volume Buying The Right Reinvest in Membership Value Price
Slide 11: Our Club Locations
Our Club Locations PriceSmart operates 56 warehouse clubs in emerging and developing markets that reach 12 countries and one U.S. territory. * We are continuing to advance our planned expansion into Chile, which we have identified as a potential market for multiple PriceSmart warehouse clubs. We hav
Slide 12: Club Locations by City
Club Locations by City Guatemala Nicaragua Colombia U.S. Virgin Islands • Miraflores • Managua • Barranquilla • Masaya • Cañasgordas • St. Thomas • Pradera • Fraijanes Costa Rica • Menga Barbados • San Cristobal • Pereira • Guatemala City • Zapote • Bogota • Escazú • St. Michael • Escuintla • Medell
Slide 13: Distribution Network
During the six months of fiscal year 2026: Distribution Network 80.9% of net merchandise sales were in currencies other than the U.S. dollar. Out of those sales, 48.8% consisted of imported merchandise that we purchased in U.S. dollars. * Distribution centers run by a third party ** Currently co
Slide 14: Growth Plan
Growth Plan • Invest in Adding New • Increase Membership • Drive Incremental Sales PriceSmart Locations, Value via PriceSmart.com and Expanding into New Enhanced Digital and Markets, Remodeling Technological Current PriceSmart Capabilities Clubs and Opening More Distribution Centers 14
Slide 15: Recent Openings
Recent Openings November 2021 April 2022 May 2023 September 2023 October 2023 Floridablanca Portmore San Miguel El Poblado (Medellín) Panama 9th Club in Colombia 2nd Club in Jamaica 3rd Club in El 10th Club in Colombia In-country Salvador Distribution Center November 2023 February 2024 April 2025 Au
Slide 16: Real Estate Growth (Expected Openings)
Real Estate Growth (Expected Openings) 16
Slide 17: Enhanced Membership Value
Enhanced Membership Value Continued growth of Member Wellness Offerings: Pharmacy, Optical, and Audiology. Our popular Member’s Selection Product Line- up keeps expanding! 26.6% Private Label Penetration of Total Net Merchandise Sales* *For the six-month period ended 02/28/2026 17
Slide 18: Omni-Channel Platform
Omni-Channel Platform Proudly rated 4.85 stars on the UberEats App as of February 28, 2026. Clubs Social Media Mobile Web • Onboard/Renew Growing multi-channel PriceSmart App (easy access • Home delivery! Membership online. personalized communication to product offers, digital • Ongoing enhancement
Slide 19: Wellness Offerings
Wellness Offerings Pharmacy Optical Audiology • Pharmacy services in 22 of our clubs • Optical services in 53 of our clubs • Audiology services in 25 of our clubs • Medications for our Members at the • Four free eye exams included with • Four free evaluations with each lowest possible price membersh
Slide 20: Business Services
Business Services At our B2B (Business Service) department, our main goal is to understand the specific needs of our business Members so that we can provide comprehensive product and service solutions that drive their success in the market. We are dedicated to establishing solid, trustworthy relatio
Slide 21: Sustainability
Sustainability Environmental and Social Our Environmental Initiatives Our Social Impacts Sustainable facilities focused on reducing and minimizing Driving principle and philosophy focusing on our employees: PriceSmart’s environmental impact: • Employee Healthcare • Solar Panels • PriceSmart Foundati
Slide 22: Sustainability
Sustainability Social Continued focus on Philanthropy We partner with the PriceSmart foundation to seek to support and strengthen our communities by investing in youth development, economic opportunity, and community and environmental resilience. 22
Slide 23: Financials
zt PriceSmart Financials
Slide 24: Q2 FY26 Financial Highlights
Q2 FY26 Financial Highlights 9.9% 7.8% 6.4% 16.9% Net Merchandise Net Merchandise Omni-Channel Sales Membership Income Sales Growth Sales – Constant Penetration Growth $1.47 Billion Currency Growth* of Total Net $24.5 Million Net Merchandise Sales Merchandise Sales Membership Income 9.7% $75.4 Milli
Slide 25: FY26 YTD Financial Highlights
FY26 YTD Financial Highlights 10.2% 8.6% 6.5% 16.5% Net Merchandise Net Merchandise Sales Omni-Channel Sales Membership Income Sales Growth – Constant Currency Penetration Growth Growth* of Total Net $47.9 Million $2.82 Billion Net Merchandise Sales Merchandise Sales Membership Income 9.8% $138.3 Mi
Slide 26: Strong Sales
Strong Sales Average Comparable Club Sales Growth FY22 – FY25 - 8.0% Net Merchandise Sales Comparable Club Sales Growth ($ in Millions) Changes in U.S. dollar Comparable Net Merchandise Sales CAGR 8.2% 10.4% $5,151 $5,413 $4,301 $4,783 $3,945 7.7% 7.8% 7.1% 6.7% FY22 FY23 FY24 FY25 TTM FY22 FY23 FY2
Slide 27: Consistent and Reliable Membership Income
Consistent and Reliable Membership Income Membership Renewal Rate & Membership Fee Income Membership Accounts & Average Fee $92 Membership Income CAGR 10.9% $86 2.08 2.01 1.89 $75 1.76 1.81 $66 $61 $42.27 $43.96 $39.57 89% 87% 88% 89% 90% $36.03 $36.28 FY22 FY23 FY24 FY25 Q2 FY26 FY22 FY23 FY24 FY25
Slide 28: Investing in Membership Experience
Investing in Membership Experience Platinum Members 406,853 Platinum Penetration Platinum CAGR 33% 360,605 19.5% 17.9% 233,148 12.3% 160,913 8.9% 131,316 7.4% FY22 FY23 FY24 FY25 2/28/2026 FY22 FY23 FY24 FY25 2/28/2026 28
Slide 29: Margins and Operating Income
Margins and Operating Income Total Revenue Margin% and (1) Operating Income % and Total Revenue Total Revenue TTM 02/28/2026 17.6% $5.5 TTM 02/28/2026 4.5% $5.5 16.1% FY25 16.1% 17.4% $5.3 FY25 4.4% $5.3 16.4% FY24 17.2% $4.9 FY24 4.5% $4.9 16.7% FY23 17.2% $4.4 FY23 ⁽²⁾ 4.2% $4.4 FY22 16.8% $4.1 FY
Slide 30: Earnings per diluted share
Earnings per diluted share Earnings Per Diluted Share Adjusted Earnings Per Diluted Share** CAGR 12.6%* $4.82 $4.57 CAGR 13.1%* $4.82 $4.57 $3.50 $4.06 $3.38 $2.91 $3.33 $2.91 FY22 FY23 FY24 FY25 6 months YTD FY26 FY22 FY23 FY24 ⁽¹⁾ FY25 ⁽¹⁾ 6 months YTD FY26 ⁽¹⁾ (1) Adjusted earnings per diluted sh
Slide 31: Capital Expenditures
Capital Expenditures Maintenance and Growth CapEx ($ Millions) $101.9 $82.1 $81.8 $76.0 FY25 TTM 02/28/2026 Total Growth CapEx⁽¹⁾ Total Maintenance CapEx⁽²⁾ (1) Total growth expenditures for new clubs, purchases of previously leased clubs, investments to move existing clubs to better locations, supp
Slide 32: Strong Financial Metrics
Strong Financial Metrics (Amount in thousands of dollars, YTD Q2 FY 2022 FY 2023 FY 2024 FY 2025 except Number of Warehouse Clubs) FY 2026 Amounts Held by Foreign Subsidiaries 203,952 139,050 121,580 222,770 157,981 Amounts Held Domestically 47,421 113,152 14,731 ⁽¹⁾ 62,521 37,106 Total Cash and Cas
Slide 33: Appendix
3% PriceSmart | Appendix
Slide 34: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Adjusted EBITDA Three Months Ended Six Months Ended (Amounts in thousands) February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025 Net income as reported $ 49,091 $ 43,760 $ 89,257 $ 81,188 Adjustments: Interest expense 3,959 2,538 8,379 5,233 Provisi
Slide 35: GAAP to Non-GAAP Reconciliations (Continued)
GAAP to Non-GAAP Reconciliations (Continued) Adjusted Earnings Per Diluted Share Adjusted Net Income Per Diluted Share Years Ended Six Months Ended August 31, 2022 August 31, 2023 August 31, 2024 August 31, 2025 February 28, 2026 Net income attributable to PriceSmart per diluted share $ 3.38 $ 3.50
Slide 36: GAAP to Non-GAAP Reconciliations (Continued)
GAAP to Non-GAAP Reconciliations (Continued) Constant Currency Reconciliations Net Merchandise Sales and Net Merchandise Sales - Constant Currency Reconciliation (Amounts in millions) Net Merchandise Sales Net Merchandise Sales - Constant Currency Impact of Foreign Currency Exchange FY22 $ 3,945 $ 4
Slide 37: Investor Relations
Investor Relations Investor Relations Contact ir@pricesmart.com 858-404-8826 37