NASDAQ:PSMT

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PriceSmart Shares Climb as Warehouse Club Growth Drives Demand

PriceSmart shares closed at $169.89 Wednesday, up 1.64%, after strong April fiscal Q2 results showed revenue up 9.7% to $1.50 billion and net income up 12.2% to $49.1 million. The company operates 56 warehouse clubs in Latin America and the Caribbean, with plans to expand to 61. No new earnings were released. Currency fluctuations remain a key risk.

May 28, 2026

Asia-Pacific markets slip amid Iran-U.S. negotiation uncertainties
May 27, 2026, 8:23 PM EDT. Asia-Pacific markets opened lower on mixed signals from Iran-U.S. talks, despite U.S. Secretary of State Marco Rubio noting progress and a diplomatic focus. Iranian state media report on restoring Strait of Hormuz commercial traffic was denied by the White House as fabrication. Crude oil futures climbed nearly 2%, with West Texas Intermediate at $90.33 and Brent crude at $96.05 per barrel. Key regional indices declined: South Korea's Kospi fell 0.29%, Japan's Nikkei 225 dropped 0.76%, and Australia's S&P/ASX 200 slipped 0.75%. Investors remain cautious amid fragile ceasefire and geopolitical risks affecting markets globally.