PSMT Q3 FY26: Operating income +17% on margin gains; Chile entry, capex surge, FX costs rise

Filed July 8, 2026 · Period ending May 31, 2026 · Compared to 10-Q Jul 10, 2025 · ~2 min read

Key Changes

• high

  Operating income rose 17% YoY to $65.6M (4.4% of revenue) as gross margin improved 20bp to 16.0%, driven by better non-foods category performance. Nine-month operating income reached $204.0M, up 13%.

  MD&A: Operating Results verify on EDGAR →
• high

  Signed 30-year lease for first Chile warehouse club (Santiago, Comuna Las Condes) with $17.6M buildout cost and delivery expected H2 2026. Total uncommenced lease commitments rose to $47.9M from $25.7M.

  Commitments: Chile Lease verify on EDGAR →
• high

  Capex surged to $144.1M (nine months) from $101.6M, with growth capex nearly doubling to $93.7M. Construction commitments rose to $26.2M from $11.5M; land purchase agreements increased to $29.9M from $18.3M.

  MD&A: Investing Activities verify on EDGAR →