An update from Pricesmart ( (PSMT) ) is now available.
On March 3, 2025, PriceSmart announced that Robert Price will step down as Interim CEO on August 31, 2025, transitioning to Executive Chairman of the Board. David Price, currently the Executive Vice President and Chief Transformation Officer, will assume the role of CEO on September 1, 2025. This leadership transition is expected to ensure continuity and uphold the company’s values, with David Price’s extensive experience within PriceSmart positioning him as a capable successor. The Board of Directors unanimously approved this succession plan, highlighting confidence in David Price’s leadership to continue expanding the business and enhancing shareholder value.
More about Pricesmart
PriceSmart, headquartered in San Diego, operates U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean, offering high-quality merchandise and services at low prices. The company runs 54 warehouse clubs across 12 countries and one U.S. territory, with plans to expand further in Costa Rica and Guatemala in 2025.
YTD Price Performance: -2.34%
Average Trading Volume: 217,419
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.74B
For a thorough assessment of PSMT stock, go to TipRanks’ Stock Analysis page.