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Pricesmart (PSMT) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Apr 9, 2025
Pricesmart (PSMT) reported revenue of $1.4B for the second quarter fiscal 2025 (Q2 FY25), +6% from a year earlier and +8% from the quarter before. Operating margin was 4.8%, net earnings $43.8M (3.2% of revenue).
Pricesmart, Q2 FY25: revenue $1.4B (+6% year over year), operating margin 4.8%, net earnings $43.8M, operating cash flow $87.9M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +8% | +6% |
| Operating profit | $65.3M | +12% | +3% |
| Net earnings | $43.8M | +17% | +11% |
| Operating cash flow | $87.9M | +128% | +1% |
| Free cash flow | $53.2M | +414% | +225% |
What changed
Revenue was $1.4B in Q2 FY25, up 6% year over year and up 8% from the previous quarter. Foods & Sundries was the largest line at 46% of revenue. Fresh Foods added $0.04B year over year (up 10%), 51% of the total change. Export sales declined 53%.
Operating profit was $0.07B, a 4.8% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 5% margin then. Total costs grew 6% against revenue growth of 6%. The fastest-growing cost line was General & admin (+11%). Net earnings were $0.04B, up 11% year over year. The effective tax rate was 27.2%.
Operating cash flow was $0.09B (up 1% year over year), 201% of net earnings. Non-cash charges added back $0.02B of depreciation and $4.5M of share-based compensation. Working capital and other items added $0.02B. Capital expenditures of $0.03B left free cash flow of $0.05B.
Questions
What was Pricesmart's revenue in the second quarter fiscal 2025?
Pricesmart (PSMT) reported revenue of $1.4B for the second quarter fiscal 2025 (Q2 FY25), +6% from a year earlier and +8% from the quarter before.
Was Pricesmart profitable in the second quarter fiscal 2025?
Operating profit was $65.3M (4.8% of revenue) and net earnings $43.8M.
Source: Pricesmart 10-Q on SEC EDGAR.