| Cover | 12 Months Ended |
| Aug. 31, 2023 | |
| Document Information [Line Items] | |
| Document Type | PRE 14A |
| Amendment Flag | false |
| Entity Information [Line Items] | |
| Entity Registrant Name | PRICESMART, INC. |
| Entity Central Index Key | 0001041803 |
| Pay vs Performance Disclosure - USD ($) | 12 Months Ended | ||
| Aug. 31, 2023 | Aug. 31, 2022 | Aug. 31, 2021 | |
| Pay vs Performance Disclosure | |||
| Pay vs Performance Disclosure, Table | Pay Versus Performance As required by Item 402(v) of Regulation S-K, Compensation Discussion and Analysis Value of Initial Fixed $100 Fiscal Year Summary Compensation Table ($) (1) Compensation Actually Paid ($) (2) Average Non-PEO NEOs ($) (3) Average Non-PEO ($) (4) Total ($) (5) Peer Group ($) (6) Net Income ($) (7) (in thousands) Adjusted ($) (8) (in thousands) (a) (b) (c) (d) (e) (f) (g) (h) (i) Robert Price Sherry Robert Price Sherry 2023 $— $ 8,595,042 $ — $5,356,031 $1,821,651 $1,994,184 $125 $103 $109,205 $205,128 2022 N/A 10,182,186 N/A 7,318,252 1,634,296 1,282,071 98 90 104,553 178,592 2021 N/A 7,550,113 N/A 9,430,543 1,260,906 1,631,591 130 113 98,159 151,678 (1) During fiscal year 2023, Mr. Price and Ms. Bahrambeygui each served for a period of time as our Chief Executive Officer, as further described above under the heading “Compensation Discussion and Analysis,” and Ms. Bahrambeygui was our Chief Executive Officer for fiscal years 2022 and 2021. The dollar amounts reported in column (b) are the amounts of total compensation reported in the “Total” column of the “Summary Compensation Table” for Mr. Price and Ms. Bahrambeygui for the corresponding years in which each served as our Chief Executive Officer. (2) The dollar amounts reported in column (c) represent the amounts of “compensation actually paid” to Mr. Price and Ms. Bahrambeygui, as computed in accordance with Item 402(v) of Regulation S-K, S-K, Year Reported ($) Reported ($) (a) Equity ($) (b) Compensation ($) Mr. Price 2023 $ — $ — $ — $ — Ms. Bahrambeygui 2023 8,595,042 (6,237,921 ) 2,998,910 5,356,031 2022 10,182,186 (6,286,988 ) 3,423,054 7,318,252 2021 7,550,113 (3,576,958 ) 5,457,388 9,430,543 (a) The grant date fair value of equity awards represents the total amounts reported in the “Stock Awards” and “Option Awards” column of the “Summary Compensation Table” for the applicable year. (b) The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end Year-end ($) Year-Over- ($) Fair Year- Fair Value Value of Total Equity Price, Robert 2023 $ — $ — $ — $— $ — $ — $ — Bahrambeygui, Sherry 2023 2,919,221 — 2,471,250 (448,033 ) (1,943,528 ) — 2,998,910 2022 3,868,201 (503,048 ) 1,127,973 (476,450 ) (593,624 ) — 3,423,054 2021 3,180,659 432,177 1,210,595 (633,958 ) — — 5,457,388 (3) The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s NEOs as a group (excluding our Chief Executive Officers) in the “Total” column of the “Summary Compensation Table” in each applicable year. The names of the NEOs (excluding our Chief Executive Officers) included for purposes of calculating the average amounts for each applicable year are as follows: (i) for 2023, Michael L. McCleary, John D. Hildebrandt, Francisco Velasco, Ana Luisa Bianchi and Nicolas Maslowski; (ii) for 2022, Mr. McCleary, Mr. Hildebrandt, Mr. Velasco, Juan Ignacio Biehl and William J. Naylon; and (iii) for 2021, Mr. McCleary, Mr. Naylon, Mr. Velasco and Mr. Hildebrandt. (4) The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding our Chief Executive Officers), as computed in accordance with Item 402(v) of Regulation S-K. S-K, Year Average Non-PEO ($) Average ($) Average ($) (a) Average Non-PEO ($) 2023 $ 1,821,651 $ (614,734 ) $ 787,266 $1,994,184 2022 1,634,296 (586,315 ) 234,091 1,282,071 2021 1,260,906 (368,831 ) 739,516 1,631,591 (a) The amounts deducted or added in calculating the total average equity award adjustments are as follows: Year-end ($) Year-Over- ($) Fair Year- ($) Fair ($) Value of Total Equity 2023 $ 624,093 $ 44,866 $ 178,658 $33,492 $ (93,842 ) $ — $ 787,266 2022 295,066 (61,519 ) 105,339 (104,796 ) — — 234,091 2021 342,290 159,235 110,223 127,768 — — 739,516 (5) Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. (6) Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the following published industry index: the S&P 500 Consumer Discretionary Distribution & Retail Index over the same period. (7) The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year. (8) “Adjusted Operating Income” is measured as reported Operating Income adjusted for items that are not the result of our normal operations. For fiscal year 2023, the Compensation Committee approved add backs for the impact of separation costs associated with our Chief Executive Officer departure, less savings associated with our Interim CEO’s choosing to decline to receive compensation for his services; the write-off written-off non-financial | ||
| Company Selected Measure Name | Adjusted Operating Income | ||
| Named Executive Officers, Footnote | The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s NEOs as a group (excluding our Chief Executive Officers) in the “Total” column of the “Summary Compensation Table” in each applicable year. The names of the NEOs (excluding our Chief Executive Officers) included for purposes of calculating the average amounts for each applicable year are as follows: (i) for 2023, Michael L. McCleary, John D. Hildebrandt, Francisco Velasco, Ana Luisa Bianchi and Nicolas Maslowski; (ii) for 2022, Mr. McCleary, Mr. Hildebrandt, Mr. Velasco, Juan Ignacio Biehl and William J. Naylon; and (iii) for 2021, Mr. McCleary, Mr. Naylon, Mr. Velasco and Mr. Hildebrandt. | ||
| Peer Group Issuers, Footnote | Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the following published industry index: the S&P 500 Consumer Discretionary Distribution & Retail Index over the same period. | ||
| Adjustment To PEO Compensation, Footnote | (2) The dollar amounts reported in column (c) represent the amounts of “compensation actually paid” to Mr. Price and Ms. Bahrambeygui, as computed in accordance with Item 402(v) of Regulation S-K, S-K, Year Reported ($) Reported ($) (a) Equity ($) (b) Compensation ($) Mr. Price 2023 $ — $ — $ — $ — Ms. Bahrambeygui 2023 8,595,042 (6,237,921 ) 2,998,910 5,356,031 2022 10,182,186 (6,286,988 ) 3,423,054 7,318,252 2021 7,550,113 (3,576,958 ) 5,457,388 9,430,543 (a) The grant date fair value of equity awards represents the total amounts reported in the “Stock Awards” and “Option Awards” column of the “Summary Compensation Table” for the applicable year. (b) The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end Year-end ($) Year-Over- ($) Fair Year- Fair Value Value of Total Equity Price, Robert 2023 $ — $ — $ — $— $ — $ — $ — Bahrambeygui, Sherry 2023 2,919,221 — 2,471,250 (448,033 ) (1,943,528 ) — 2,998,910 2022 3,868,201 (503,048 ) 1,127,973 (476,450 ) (593,624 ) — 3,423,054 2021 3,180,659 432,177 1,210,595 (633,958 ) — — 5,457,388 | ||
| Non-PEO NEO Average Total Compensation Amount | $ 1,821,651 | $ 1,634,296 | $ 1,260,906 |
| Non-PEO NEO Average Compensation Actually Paid Amount | $ 1,994,184 | 1,282,071 | 1,631,591 |
| Adjustment to Non-PEO NEO Compensation Footnote | (4) The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding our Chief Executive Officers), as computed in accordance with Item 402(v) of Regulation S-K. S-K, Year Average Non-PEO ($) Average ($) Average ($) (a) Average Non-PEO ($) 2023 $ 1,821,651 $ (614,734 ) $ 787,266 $1,994,184 2022 1,634,296 (586,315 ) 234,091 1,282,071 2021 1,260,906 (368,831 ) 739,516 1,631,591 (a) The amounts deducted or added in calculating the total average equity award adjustments are as follows: Year-end ($) Year-Over- ($) Fair Year- ($) Fair ($) Value of Total Equity 2023 $ 624,093 $ 44,866 $ 178,658 $33,492 $ (93,842 ) $ — $ 787,266 2022 295,066 (61,519 ) 105,339 (104,796 ) — — 234,091 2021 342,290 159,235 110,223 127,768 — — 739,516 | ||
| Compensation Actually Paid vs. Total Shareholder Return | Compensation Actually Paid and Cumulative TSR; Cumulative TSR of the Company and the S&P 500 Consumer Discretionary Distribution & Retail Index The following graph sets forth the relationship between the compensation actually paid to Mr. Price, Ms. Bahrambeygui, the average amount of compensation actually paid to our other NEOs, the Company’s cumulative TSR over the three most recently completed fiscal years and the TSR of the S&P 500 Consumer Discretionary Distribution & Retail Index over the same period. | ||
| Compensation Actually Paid vs. Net Income | Compensation Actually Paid and Net Income The following graph sets forth the relationship between the compensation actually paid to Mr. Price, Ms. Bahrambeygui, the average amount of compensation actually paid to our other NEOs, the average amount of compensation actually paid to our other NEOs, and the Company’s net income over the three most recently completed fiscal years. | ||
| Compensation Actually Paid vs. Company Selected Measure | Compensation Actually Paid and Adjusted Operating Income The following graph sets forth the relationship between compensation actually paid to Mr. Price, Ms. Bahrambeygui, the average amount of compensation actually paid to our other NEOs, the average amount of compensation actually paid to our other NEOs, and our Adjusted Operating Income during the three most recently completed fiscal years. | ||
| Total Shareholder Return Vs Peer Group | Compensation Actually Paid and Cumulative TSR; Cumulative TSR of the Company and the S&P 500 Consumer Discretionary Distribution & Retail Index The following graph sets forth the relationship between the compensation actually paid to Mr. Price, Ms. Bahrambeygui, the average amount of compensation actually paid to our other NEOs, the Company’s cumulative TSR over the three most recently completed fiscal years and the TSR of the S&P 500 Consumer Discretionary Distribution & Retail Index over the same period. | ||
| Tabular List, Table | Financial Performance Measure As described in greater detail in the “ Compensation Discussion and Analysis • Adjusted Operating Income • Adjusted Total Revenues • Net Merchandise Sales—Constant Currency | ||
| Total Shareholder Return Amount | $ 125 | 98 | 130 |
| Peer Group Total Shareholder Return Amount | 103 | 90 | 113 |
| Net Income (Loss) | $ 109,205,000 | $ 104,553,000 | $ 98,159,000 |
| Company Selected Measure Amount | 205,128,000 | 178,592,000 | 151,678,000 |
| Measure:: 1 | |||
| Pay vs Performance Disclosure | |||
| Name | Adjusted Operating Income | ||
| Measure:: 2 | |||
| Pay vs Performance Disclosure | |||
| Name | Adjusted Total Revenues | ||
| Measure:: 3 | |||
| Pay vs Performance Disclosure | |||
| Name | Net Merchandise Sales—Constant Currency | ||
| Robert Price [Member] | |||
| Pay vs Performance Disclosure | |||
| PEO Name | Mr. Price | ||
| Sherry Bahrambeygui [Member] | |||
| Pay vs Performance Disclosure | |||
| PEO Total Compensation Amount | $ 8,595,042 | $ 10,182,186 | $ 7,550,113 |
| PEO Actually Paid Compensation Amount | $ 5,356,031 | 7,318,252 | 9,430,543 |
| PEO Name | Ms. Bahrambeygui | ||
| PEO | Sherry Bahrambeygui [Member] | Year End Fair Value of Unvested Equity Awards Granted in the Year [Member] | |||
| Pay vs Performance Disclosure | |||
| Adjustment to Compensation, Amount | $ 2,919,221 | 3,868,201 | 3,180,659 |
| PEO | Sherry Bahrambeygui [Member] | Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards [Member] | |||
| Pay vs Performance Disclosure | |||
| Adjustment to Compensation, Amount | (503,048) | 432,177 | |
| PEO | Sherry Bahrambeygui [Member] | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year [Member] | |||
| Pay vs Performance Disclosure | |||
| Adjustment to Compensation, Amount | 2,471,250 | 1,127,973 | 1,210,595 |
| PEO | Sherry Bahrambeygui [Member] | Year Over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member] | |||
| Pay vs Performance Disclosure | |||
| Adjustment to Compensation, Amount | (448,033) | (476,450) | (633,958) |
| PEO | Sherry Bahrambeygui [Member] | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member] | |||
| Pay vs Performance Disclosure | |||
| Adjustment to Compensation, Amount | (1,943,528) | (593,624) | |
| PEO | Sherry Bahrambeygui [Member] | Equity Award Adjustments [Member] | |||
| Pay vs Performance Disclosure | |||
| Adjustment to Compensation, Amount | 2,998,910 | 3,423,054 | 5,457,388 |
| PEO | Sherry Bahrambeygui [Member] | Reported Value of Equity Awards [Member] | |||
| Pay vs Performance Disclosure | |||
| Adjustment to Compensation, Amount | (6,237,921) | (6,286,988) | (3,576,958) |
| Non-PEO NEO | Year End Fair Value of Unvested Equity Awards Granted in the Year [Member] | |||
| Pay vs Performance Disclosure | |||
| Adjustment to Compensation, Amount | 624,093 | 295,066 | 342,290 |
| Non-PEO NEO | Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards [Member] | |||
| Pay vs Performance Disclosure | |||
| Adjustment to Compensation, Amount | 44,866 | (61,519) | 159,235 |
| Non-PEO NEO | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year [Member] | |||
| Pay vs Performance Disclosure | |||
| Adjustment to Compensation, Amount | 178,658 | 105,339 | 110,223 |
| Non-PEO NEO | Year Over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member] | |||
| Pay vs Performance Disclosure | |||
| Adjustment to Compensation, Amount | 33,492 | (104,796) | 127,768 |
| Non-PEO NEO | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member] | |||
| Pay vs Performance Disclosure | |||
| Adjustment to Compensation, Amount | (93,842) | ||
| Non-PEO NEO | Equity Award Adjustments [Member] | |||
| Pay vs Performance Disclosure | |||
| Adjustment to Compensation, Amount | 787,266 | 234,091 | 739,516 |
| Non-PEO NEO | Reported Value of Equity Awards [Member] | |||
| Pay vs Performance Disclosure | |||
| Adjustment to Compensation, Amount | $ (614,734) | $ (586,315) | $ (368,831) |
