PRICESMART INC
For the period ended May 31, 2026. Filed Jul 8, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 31, 2026 · Filed Jul 8, 2026
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MONTHS ENDED
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| May 31,2026 | May 31,2025 | May 31,2026 | May 31,2025 | |
| Net income | $39,691 | $35,158 | $128,948 | $116,346 |
| Other comprehensive income, net of tax: | ||||
| Foreign currency translation adjustments (1) | 14,316 | 2,048 | 48,708 | 6,540 |
| Defined benefit pension plan: | ||||
| Net gain (loss) arising during period | 10 | (8) | 16 | (16) |
| Amortization of prior service cost and actuarial gains included in net periodic pensions cost | 42 | 57 | 128 | 192 |
| Total defined benefit pension plan | 52 | 49 | 144 | 176 |
| Derivative instruments: (2) | ||||
| Unrealized gains (losses) on change in derivative obligations | 1,243 | (333) | 5,497 | 2,348 |
| Unrealized gains (losses) on change in fair value of cash flow hedges | (1,653) | 6 | (2,448) | (6,304) |
| Amounts reclassified from accumulated other comprehensive income to net income for settlement of derivatives | 271 | — | 271 | 2,960 |
| Total derivative instruments | (139) | (327) | 3,320 | (996) |
| Other comprehensive income | 14,229 | 1,770 | 52,172 | 5,720 |
| Comprehensive income | $53,920 | $36,928 | $181,120 | $122,066 |
(1)Translation adjustments arising in translating the financial statements of a foreign entity have no effect on the income taxes of that foreign entity. They may, however, affect: (a) the amount, measured in the parent entity's reporting currency, of withholding taxes assessed on dividends paid to the parent entity and (b) the amount of taxes assessed on the parent entity by the government of its country. The Company has determined that the reinvestment of earnings of its foreign subsidiaries is indefinite because of the long-term nature of the Company's foreign investment plans. Therefore, deferred taxes are not provided for on translation adjustments related to non-remitted earnings of the Company's foreign subsidiaries.
(2)See Note 8 - Derivative Instruments and Hedging Activities.
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