Buy PSMT by Aug 11, 2026.

PriceSmart is a Costco-style warehouse store chain that operates exclusively in Latin America and the Caribbean. The founder of PriceSmart, Robert Price, was actually a Costco executive in the early 90’s before his segment was spun off. He saw the potential of the Costco model, but recognized that Costco and Sam’s Club had saturated the US market. PriceSmart began to develop stores in Latin America and the Caribbean instead. The PriceSmart chain today is remarkably similar to Costco: 1. Yearly …