PriceSmart reported a solid QQ3 2024 (fiscal Q3 ended May 31, 2024) with total net merchandise sales of $1.229B and total revenue of $1.230B. Net income was $32.5M and diluted EPS $1.08, reflecting a YoY improvement in revenue and profits despite a sequential decline in quarterly performance as activities seasonally soften. The quarter showcased meaningful regional contributions: Central America (+9.1% net merch sales, +6.1% comparable), Caribbean (+6.9% net merch sales, +6.7% comps), and Colombia (+18.7% net merch sales, +5.4% comps). Gross margin expanded by 10 bps to 15.7% of net merchandise sales, while SG&A remained disciplined, contributing to an operating margin of 4.09% and EBITDA of $71.4M for the quarter (adjusted EBITDA for the year 2024 stood at $303.6M). Management emphasized ongoing investments in technology, real estate, and distribution to drive long-term efficiency and member value. Platform and membership metrics reinforced secular growth in omnichannel adoption: 65.1% of net merch sales occurred online or via app/direct digital channels in QQ3, with online orders up ~19% and online member engagement expanding to 61.3% with 28.5% of members making a digital purchase. PriceSmart also highlighted a tax optimization initiative expected to reduce the effective tax rate to 27-29% in FY2025, potentially supporting higher free cash flow while sustaining price leadership. Looking ahead, the company outlined a constructive growth runway including two new clubs in 2025 (Costa Rica Cartago; Guatemala Quetzaltenango), remodels/expansions in existing markets, ongoing distribution-center enhancements (including cross-border and Asia-to-Latin America logistics), and continued private-label expansion (27.6% of merchandise sales in 2024).