DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
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9 Months Ended |
May 31, 2026 |
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| Derivative Instruments and Hedging Activities Disclosure [Abstract] |
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| Schedule of Interest Rate Derivatives |
The following table summarizes the Company’s interest rate swaps and cross-currency interest rate swaps agreements for which the Company has recorded cash flow hedge accounting for the nine months ended May 31, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Entity | | Date
Entered
into | | Derivative
Financial
Counter-
party | | Derivative
Financial
Instruments | | Initial
US$
Notional
Amount | | US$
Loan
Held With | | Floating Leg
(swap
counter-party) | | Fixed Rate
for PSMT
Subsidiary | | Settlement
Dates | | Effective
Period of swap | | Colombia subsidiary | | 25-Nov-24 | | Citibank, N.A. ("Citi") | | Cross currency interest rate swap | | $18,700,000 | | PriceSmart, Inc. | | 6.00% | | 10.91 | % | | 27th day of each November, February, May and August beginning on February 27, 2025 | | November 27, 2024 - November 27, 2027 | | Colombia subsidiary | | 15-Nov-24 | | Citibank, N.A. ("Citi") | | Cross currency interest rate swap | | $10,000,000 | | PriceSmart, Inc. | | 3.00% | | 7.61 | % | | 17th day of each February, May, August and November beginning on February 18, 2025 | | November 18, 2024 - November 17, 2026 | | Colombia subsidiary | | 19-Sep-24 | | Citibank, N.A. ("Citi") | | Cross currency interest rate swap | | $12,500,000 | | PriceSmart, Inc. | | 4.00% | | 9.15 | % | | 24th day of each September, December, March and June beginning on December 24, 2024 | | September 24, 2024 - September 24, 2029 | | Colombia subsidiary | | 30-Nov-23 | | Citibank, N.A. ("Citi") | | Cross currency interest rate swap | | $10,000,000 | | PriceSmart, Inc. | | 5.00% | | 11.27 | % | | 30th day of each November, May, August and 28th day of each February (except in case of a leap year, 29th day of each February) beginning on February 29, 2024 | | November 30, 2023 - November 30, 2026 | | Colombia subsidiary | | 12-Apr-23 | | Citibank, N.A. ("Citi") | | Cross currency interest rate swap | | $10,000,000 | | PriceSmart, Inc. | | 4.00% | | 11.40 | % | | 11th day of each July, October, January and April, beginning on July 11, 2023 | | April 12, 2023 - April 11, 2028 | | Colombia subsidiary | | 3-May-22 | | Citibank, N.A. ("Citi") | | Cross currency interest rate swap | | $10,000,000 | | PriceSmart, Inc. | | 3.00% | | 9.04 | % | | 3rd day of each May, August, November and February, beginning on August 3, 2022 | | May 3, 2022 - May 3, 2027 | | SD Property Managers, LLC | | 16-Jun-25 | | Fifth Third Bank, National Association | | Interest rate swap | | $12,500,000 | | Fifth Third Bank, National Association | | Variable rate 1-month SOFR | | 4.02 | % | | 1st day of each month beginning on July 1, 2025 | | June 16, 2025 - June 16, 2035 | | Panama subsidiary | | 11-Jul-24 | | Banco Davivienda (Panamá), S.A. successor to Bank of Nova Scotia ("Scotiabank") | | Interest rate swap | | $16,500,000 | | Banco Davivienda (Panamá), S.A. | | 3-month SOFR with a 2.95% floor | | 4.43 | % | | 1st day of each March, June, September and December beginning June 3, 2024 | | February 29, 2024 - March 1, 2029 | | PriceSmart, Inc. | | 7-Nov-16 | | U.S. Bank, N.A. ("U.S. Bank") successor to Union Bank, N.A. | | Interest rate swap | | $35,700,000 | | U.S. Bank | | Variable rate 3-month SOFR plus 1.70% | | 3.65 | % | | 1st day of each month beginning on April 1, 2017 | | March 1, 2017 - March 1, 2027 | | | | | | | | | | | | | | | | | | | |
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| Schedule of Cash Flow Hedges |
The following table presents the Company's non-deliverable forward foreign-exchange contracts for which the Company has recorded cash flow hedge accounting for the nine months ended May 31, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Entity | | Dates Entered into (Range) | | Derivative Financial Counter- party | | Notional Amount (USD) | | Settlement Dates (Range) | | Weighted Average Strike Rate | | Colombia subsidiary | | March 24, 2026-May 6, 2026 | | Citibank Colombia S.A. | | $ | 42,000,000 | | | June 2, 2026 - October 21, 2026 | | 3,802 (COP to USD) | | Colombia subsidiary | | May 14, 2026-May 27, 2026 | | DAVIbank S.A. | | $ | 6,000,000 | | | October 28, 2026 - November 10, 2026 | | 3,850 (COP to USD) |
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| Schedule of Derivative Instruments in Statement of Financial Position, Fair Value |
The table summarizes the effect of the fair value of interest rate swaps, cross-currency interest rate swaps and non-deliverable forward foreign-exchange contracts that qualify for derivative hedge accounting and their associated tax effect on Accumulated Other Comprehensive Loss (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | May 31, 2026 | | August 31, 2025 | | Derivatives designated as cash flow hedging instruments | | Balance Sheet
Classification | | Fair
Value | | Net Tax
Effect | | Net
OCI | | Fair
Value | | Net Tax
Effect | | Net
OCI | | | | | | | | | | | | | | | | | Cross-currency interest rate swaps | | Other non-current assets | | $ | 298 | | | $ | (105) | | | $ | 193 | | | $ | — | | | $ | — | | | $ | — | | | Cross-currency interest rate swaps | | Other current liabilities | | (6,203) | | | 2,172 | | | (4,031) | | | — | | | — | | | — | | | Cross-currency interest rate swaps | | Other long-term liabilities | | (2,430) | | | 851 | | | (1,579) | | | (5,381) | | | 1,884 | | | (3,497) | | | Interest rate swaps | | Other current assets | | 403 | | | (91) | | | 312 | | | — | | | — | | | — | | | Interest rate swaps | | Other non-current assets | | — | | | — | | | — | | | 701 | | | (157) | | | 544 | | | Interest rate swaps | | Other current liabilities | | (144) | | | 39 | | | (105) | | | — | | | — | | | — | | | Interest rate swaps | | Other long-term liabilities | | (183) | | | 48 | | | (135) | | | (815) | | | 207 | | | (608) | | | Non-deliverable forward foreign-exchange contracts | | Other current assets | | 134 | | | (47) | | | 87 | | | — | | | — | | | — | | | Non-deliverable forward foreign-exchange contracts | | Other current liabilities | | (698) | | | 244 | | | (454) | | | — | | | — | | | — | | | Net fair value of derivatives designated as hedging instruments | | $ | (8,823) | | | $ | 3,111 | | | $ | (5,712) | | | $ | (5,495) | | | $ | 1,934 | | | $ | (3,561) | |
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| Schedule of Gain or Loss on Non-deliverable Forward Foreign-Exchange Contracts |
For the three and nine months ended May 31, 2026 and May 31, 2025, the Company included the gain or loss on the non-deliverable forward foreign-exchange contracts for which the Company has recorded cash flow hedge accounting in the same line item—Cost of goods sold - net merchandise sales—as the hedged merchandise expenditures as follows (in thousands): | | | | | | | | | | Income Statement Classification | | Net Loss Reclassified from OCI into Earnings | | Cost of goods sold - net merchandise sales for the three months ended May 31, 2026 | | $ | (271) | | | Cost of goods sold - net merchandise sales for the three months ended May 31, 2025 | | $ | — | | | Cost of goods sold - net merchandise sales for the nine months ended May 31, 2026 | | $ | (271) | | | Cost of goods sold - net merchandise sales for the nine months ended May 31, 2025 | | $ | — | |
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| Schedule of Gain or Loss on Interest Rate Swaps and Cross-Currency Interest Rate Swap Agreements |
For the three and nine months ended May 31, 2026 and May 31, 2025, the Company included the gain or loss on the interest rate swaps and cross-currency interest rate swap agreements in the same line item—interest expense—as the offsetting gain or loss on the related hedged debt instruments as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | Income Statement Classification | | Interest expense on borrowings (1) | | Cost of swaps (2) | | Total | | Interest expense for the three months ended May 31, 2026 | | $ | 779 | | | $ | 1,260 | | | $ | 2,039 | | | Interest expense for the three months ended May 31, 2025 | | $ | 696 | | | $ | 890 | | | $ | 1,586 | | | Interest expense for the nine months ended May 31, 2026 | | $ | 2,373 | | | $ | 3,520 | | | $ | 5,893 | | | Interest expense for the nine months ended May 31, 2025 | | $ | 2,620 | | | $ | 2,115 | | | $ | 4,735 | |
(1)This amount is representative of the interest expense recognized on the underlying hedged transactions. (2)This amount is representative of the interest expense recognized on the derivative instruments designated as cash flow hedging instruments.
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| Schedule of Notional Amounts of Outstanding Derivative Positions |
The total notional balance of the Company’s interest rate swaps and cross-currency interest rate swaps was as follows (in thousands): | | | | | | | | | | | | | | | | | | Notional Amount as of | Floating Rate Payer (Swap Counterparty) | | May 31,
2026 | | August 31,
2025 | | U.S. Bank | | $ | 26,563 | | | $ | 27,519 | | | Fifth Third Bank, National Association | | 12,500 | | | 12,500 | | | Citibank N.A. | | 71,200 | | | 71,200 | | | Banco Davivienda (Panamá), S.A. | | 15,792 | | | 16,337 | | | Total | | $ | 126,055 | | | $ | 127,556 | |
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| Schedule of Non-Deliverable Forward Foreign Exchange Contract |
The following table summarizes the non-deliverable forward foreign exchange contracts that do not qualify for hedge accounting and are open as of May 31, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Financial Derivative
(Counterparty) | | Subsidiary | | Dates
Entered into (Range) | | Derivative Financial
Instrument | | Total Notional
Amounts
(in thousands) | | Settlement
Dates (Range) | | Citigroup Global Markets Limited | | PriceSmart, Inc. | | 24-Mar-2026 | | Forward foreign exchange contracts (Chilean pesos) | | $ | 28,600 | | | 10-Sep-2026 - 8-Oct-2027 | | Citibank, N.A. ("Citi") | | Colombia | | 21-Jan-2026 - 16-Apr-2026 | | Forward foreign exchange contracts (USD) | | $ | 14,000 | | | 25-Jun-2026 - 24-Sep-2026 | | | | | | | | | | | |
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| Schedule of Gains (Losses) Associated with Non-deliverable Forward Foreign-Exchange Contracts |
The gains (losses) associated with these contracts for the three- and nine-month periods ended May 31, 2026 and May 31, 2025 are as follows: | | | | | | | | | | Income Statement Classification | | Net Gain (Loss) | | Other expense, net for the three months ended May 31, 2026 | | $ | 148 | | | Other expense, net for the three months ended May 31, 2025 | | $ | (231) | | | Other expense, net for the nine months ended May 31, 2026 | | $ | (753) | | | Other expense, net for the nine months ended May 31, 2025 | | $ | (1,361) | |
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