PriceSmart (NASDAQ:PSMT) operates membership-based warehouse clubs serving consumers and businesses in markets across Central America, the Caribbean and Colombia. The company is headquartered in San Diego, California, and its shares trade on the Nasdaq under the symbol PSMT.
Its warehouse clubs offer a broad selection of products, including groceries, fresh foods, household supplies, health and beauty items, appliances, electronics, furniture, apparel and other general merchandise. PriceSmart also provides members with access to services such as optical offerings, pharmacies and selected ancillary services, depending on the market. The company complements its physical clubs with e-commerce capabilities and other digital shopping options.
PriceSmart was founded by Sol Price, who also founded the warehouse-club retailer Price Club, and opened its first international warehouse club in Panama in the 1990s. The company has since expanded its membership-club model throughout Latin America and the Caribbean, serving countries including Costa Rica, Guatemala, Honduras, El Salvador, Nicaragua, Panama, the Dominican Republic, Trinidad and Tobago, Jamaica, Aruba, Barbados and Colombia.
