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    <link:label id="lab_us-gaap_CommonStockMember_374AC825BE5B7DD181721ADA3085E6C6_label_en-US" xlink:label="lab_us-gaap_CommonStockMember_374AC825BE5B7DD181721ADA3085E6C6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock [Member]</link:label>
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    <link:label id="lab_us-gaap_AdditionalPaidInCapitalMember_41FCB5AD034F1CE7A20C1ADA30855EB5_terseLabel_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapitalMember_41FCB5AD034F1CE7A20C1ADA30855EB5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional Paid-in Capital [Member]</link:label>
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    <link:label id="lab_psmt_TaxBenefitFromStockBasedCompensationMember_6D08444668F05A4CFB5B1ADA308573E3_terseLabel_en-US" xlink:label="lab_psmt_TaxBenefitFromStockBasedCompensationMember_6D08444668F05A4CFB5B1ADA308573E3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax benefit from stock-based compensation [Member]</link:label>
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    <link:label id="lab_psmt_TaxBenefitFromStockBasedCompensationMember_6D08444668F05A4CFB5B1ADA308573E3_documentation_en-US" xlink:label="lab_psmt_TaxBenefitFromStockBasedCompensationMember_6D08444668F05A4CFB5B1ADA308573E3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the equity component for tax benefit associated with any share-based compensation plan at the end of the reporting period.</link:label>
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    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember_A6F51B521052D48EEB5B1ADA308545D1_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember_A6F51B521052D48EEB5B1ADA308545D1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated other comprehensive loss [Member]</link:label>
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    <link:label id="lab_us-gaap_TreasuryStockMember_40C1AB96413A5A938A0E1ADA30853115_terseLabel_en-US" xlink:label="lab_us-gaap_TreasuryStockMember_40C1AB96413A5A938A0E1ADA30853115" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Treasury Stock [Member]</link:label>
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    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_CF58D1A95097D8382DCD06298DE2DAAF_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_CF58D1A95097D8382DCD06298DE2DAAF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2014</link:label>
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    <link:label id="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_12D013C274DA211C4F3706298DE2F05C_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_12D013C274DA211C4F3706298DE2F05C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2015</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_43B0B6ED04FD2DFAEC1206298DE25DB0" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_43B0B6ED04FD2DFAEC1206298DE25DB0" xlink:type="arc" />
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_5A7654E229B3C7CBB06A06298DE27151" xlink:to="lab_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_5A7654E229B3C7CBB06A06298DE27151" xlink:type="arc" />
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    <link:label id="lab_us-gaap_AssetsAbstract_3BF8F1D453E7813B773A16508ECCCDB6_label_en-US" xlink:label="lab_us-gaap_AssetsAbstract_3BF8F1D453E7813B773A16508ECCCDB6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="loc_us-gaap_AssetsAbstract_3BF8F1D453E7813B773A16508ECCCDB6" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AssetsCurrentAbstract_8780EE82348C8ED5A72116508ECCC971_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsCurrentAbstract_8780EE82348C8ED5A72116508ECCC971" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current Assets:</link:label>
    <link:label id="lab_us-gaap_AssetsCurrentAbstract_8780EE82348C8ED5A72116508ECCC971_label_en-US" xlink:label="lab_us-gaap_AssetsCurrentAbstract_8780EE82348C8ED5A72116508ECCC971" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets, Current [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsCurrentAbstract" xlink:label="loc_us-gaap_AssetsCurrentAbstract_8780EE82348C8ED5A72116508ECCC971" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_9F7841D8F0DF0070B48D16508ECC09B3_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_9F7841D8F0DF0070B48D16508ECC09B3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_9F7841D8F0DF0070B48D16508ECC09B3_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_9F7841D8F0DF0070B48D16508ECC09B3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents, at Carrying Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_9F7841D8F0DF0070B48D16508ECC09B3" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_B09C2CB45F28725D528316508ECC4DAB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_B09C2CB45F28725D528316508ECC4DAB" xlink:to="lab_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_B09C2CB45F28725D528316508ECC4DAB" xlink:type="arc" />
    <link:label id="lab_us-gaap_ReceivablesNetCurrent_697DFC8AB8B14B9FCE2E16508ECC27E4_terseLabel_en-US" xlink:label="lab_us-gaap_ReceivablesNetCurrent_697DFC8AB8B14B9FCE2E16508ECC27E4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivables, net of allowance for doubtful accounts of $1 as of November 30 and August 31, 2012, respectively</link:label>
    <link:label id="lab_us-gaap_ReceivablesNetCurrent_697DFC8AB8B14B9FCE2E16508ECC27E4_label_en-US" xlink:label="lab_us-gaap_ReceivablesNetCurrent_697DFC8AB8B14B9FCE2E16508ECC27E4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables, Net, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ReceivablesNetCurrent" xlink:label="loc_us-gaap_ReceivablesNetCurrent_697DFC8AB8B14B9FCE2E16508ECC27E4" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InventoryNet_945800A9CC2EA2514C1716508ECC990F_verboseLabel_en-US" xlink:label="lab_us-gaap_InventoryNet_945800A9CC2EA2514C1716508ECC990F" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Merchandise inventories</link:label>
    <link:label id="lab_us-gaap_InventoryNet_945800A9CC2EA2514C1716508ECC990F_label_en-US" xlink:label="lab_us-gaap_InventoryNet_945800A9CC2EA2514C1716508ECC990F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory, Net</link:label>
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    <link:label id="lab_us-gaap_DeferredTaxAssetsNetCurrent_BCAE4E362A802C267C7B16508ECCA834_label_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsNetCurrent_BCAE4E362A802C267C7B16508ECCA834" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Net, Current</link:label>
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    <link:label id="lab_psmt_PrepaidExpensesAndOtherCurrentAssets_D715995CD194E40FC2CA16508ECC5B10_verboseLabel_en-US" xlink:label="lab_psmt_PrepaidExpensesAndOtherCurrentAssets_D715995CD194E40FC2CA16508ECC5B10" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Prepaid expenses and other current assets</link:label>
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    <link:label id="lab_psmt_PrepaidExpensesAndOtherCurrentAssets_D715995CD194E40FC2CA16508ECC5B10_documentation_en-US" xlink:label="lab_psmt_PrepaidExpensesAndOtherCurrentAssets_D715995CD194E40FC2CA16508ECC5B10" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sum of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer. And, aggregate carrying amount, as of the balance sheet date, of current assets not separately presented elsewhere in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer).</link:label>
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    <link:label id="lab_us-gaap_RestrictedCashAndCashEquivalentsNoncurrent_357FC631ABB559F7C90216508ECC9C33_terseLabel_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalentsNoncurrent_357FC631ABB559F7C90216508ECC9C33" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term restricted cash</link:label>
    <link:label id="lab_us-gaap_RestrictedCashAndCashEquivalentsNoncurrent_357FC631ABB559F7C90216508ECC9C33_label_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalentsNoncurrent_357FC631ABB559F7C90216508ECC9C33" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Cash and Cash Equivalents, Noncurrent</link:label>
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    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_F78868B7B76FD293A1CF16508ECC7AE8_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_F78868B7B76FD293A1CF16508ECC7AE8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property and equipment, net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_F78868B7B76FD293A1CF16508ECC7AE8" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DeferredTaxAssetsNetNoncurrent_957CF98537A2D97944EC16508ECC3934_label_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsNetNoncurrent_957CF98537A2D97944EC16508ECC3934" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Net, Noncurrent</link:label>
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    <link:label id="lab_us-gaap_OtherAssetsNoncurrent_FD0CA4D1203B77AC60EE16508ECC912D_label_en-US" xlink:label="lab_us-gaap_OtherAssetsNoncurrent_FD0CA4D1203B77AC60EE16508ECC912D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets, Noncurrent</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_psmt_ExportSales_B0E5ED904E2389D45D872044CF507B28" xlink:to="lab_psmt_ExportSales_B0E5ED904E2389D45D872044CF507B28" xlink:type="arc" />
    <link:label id="lab_psmt_MembershipFeesIncome_253B9B76B4106ED9AA3D2044CF508460_verboseLabel_en-US" xlink:label="lab_psmt_MembershipFeesIncome_253B9B76B4106ED9AA3D2044CF508460" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Membership income</link:label>
    <link:label id="lab_psmt_MembershipFeesIncome_253B9B76B4106ED9AA3D2044CF508460_label_en-US" xlink:label="lab_psmt_MembershipFeesIncome_253B9B76B4106ED9AA3D2044CF508460" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Membership Fees Income</link:label>
    <link:label id="lab_psmt_MembershipFeesIncome_253B9B76B4106ED9AA3D2044CF508460_documentation_en-US" xlink:label="lab_psmt_MembershipFeesIncome_253B9B76B4106ED9AA3D2044CF508460" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Annual membership fees collected in advance and recognized in revenue ratably over the annual membership period, net of actual refunds.</link:label>
    <link:loc xlink:href="psmt-20121130.xsd#psmt_MembershipFeesIncome" xlink:label="loc_psmt_MembershipFeesIncome_253B9B76B4106ED9AA3D2044CF508460" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_psmt_MembershipFeesIncome_253B9B76B4106ED9AA3D2044CF508460" xlink:to="lab_psmt_MembershipFeesIncome_253B9B76B4106ED9AA3D2044CF508460" xlink:type="arc" />
    <link:label id="lab_psmt_OtherRevenueNet_6C80CF3AD5D178DBF4842044CF509125_verboseLabel_en-US" xlink:label="lab_psmt_OtherRevenueNet_6C80CF3AD5D178DBF4842044CF509125" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other income</link:label>
    <link:label id="lab_psmt_OtherRevenueNet_6C80CF3AD5D178DBF4842044CF509125_label_en-US" xlink:label="lab_psmt_OtherRevenueNet_6C80CF3AD5D178DBF4842044CF509125" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Revenue Net</link:label>
    <link:label id="lab_psmt_OtherRevenueNet_6C80CF3AD5D178DBF4842044CF509125_documentation_en-US" xlink:label="lab_psmt_OtherRevenueNet_6C80CF3AD5D178DBF4842044CF509125" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue from vendor demonstrations, rental income, royalty income, and other services not elsewhere specified.</link:label>
    <link:loc xlink:href="psmt-20121130.xsd#psmt_OtherRevenueNet" xlink:label="loc_psmt_OtherRevenueNet_6C80CF3AD5D178DBF4842044CF509125" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_psmt_OtherRevenueNet_6C80CF3AD5D178DBF4842044CF509125" xlink:to="lab_psmt_OtherRevenueNet_6C80CF3AD5D178DBF4842044CF509125" xlink:type="arc" />
    <link:label id="lab_us-gaap_SalesRevenueNet_8D21B98D9FAB0BCE864C2044CF50DE40_totalLabel_en-US" xlink:label="lab_us-gaap_SalesRevenueNet_8D21B98D9FAB0BCE864C2044CF50DE40" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total revenues</link:label>
    <link:label id="lab_us-gaap_SalesRevenueNet_8D21B98D9FAB0BCE864C2044CF50DE40_label_en-US" xlink:label="lab_us-gaap_SalesRevenueNet_8D21B98D9FAB0BCE864C2044CF50DE40" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SalesRevenueNet" xlink:label="loc_us-gaap_SalesRevenueNet_8D21B98D9FAB0BCE864C2044CF50DE40" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SalesRevenueNet_8D21B98D9FAB0BCE864C2044CF50DE40" xlink:to="lab_us-gaap_SalesRevenueNet_8D21B98D9FAB0BCE864C2044CF50DE40" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingExpensesAbstract_70885FB43C04695EAFD32044CF502790_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingExpensesAbstract_70885FB43C04695EAFD32044CF502790" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating expenses:</link:label>
    <link:label id="lab_us-gaap_OperatingExpensesAbstract_70885FB43C04695EAFD32044CF502790_label_en-US" xlink:label="lab_us-gaap_OperatingExpensesAbstract_70885FB43C04695EAFD32044CF502790" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Expenses [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="loc_us-gaap_OperatingExpensesAbstract_70885FB43C04695EAFD32044CF502790" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingExpensesAbstract_70885FB43C04695EAFD32044CF502790" xlink:to="lab_us-gaap_OperatingExpensesAbstract_70885FB43C04695EAFD32044CF502790" xlink:type="arc" />
    <link:label id="lab_us-gaap_CostOfGoodsSoldAbstract_8E51DF1D7F554D82FC002044CF505088_terseLabel_en-US" xlink:label="lab_us-gaap_CostOfGoodsSoldAbstract_8E51DF1D7F554D82FC002044CF505088" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cost of goods sold:</link:label>
    <link:label id="lab_us-gaap_CostOfGoodsSoldAbstract_8E51DF1D7F554D82FC002044CF505088_label_en-US" xlink:label="lab_us-gaap_CostOfGoodsSoldAbstract_8E51DF1D7F554D82FC002044CF505088" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cost of Goods Sold [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CostOfGoodsSoldAbstract" xlink:label="loc_us-gaap_CostOfGoodsSoldAbstract_8E51DF1D7F554D82FC002044CF505088" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CostOfGoodsSoldAbstract_8E51DF1D7F554D82FC002044CF505088" xlink:to="lab_us-gaap_CostOfGoodsSoldAbstract_8E51DF1D7F554D82FC002044CF505088" xlink:type="arc" />
    <link:label id="lab_psmt_CostOfGoodsSoldNetWarehouseClub_6EBCFE0E2F44B951FA9A2044CF50F66E_verboseLabel_en-US" xlink:label="lab_psmt_CostOfGoodsSoldNetWarehouseClub_6EBCFE0E2F44B951FA9A2044CF50F66E" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net warehouse club</link:label>
    <link:label id="lab_psmt_CostOfGoodsSoldNetWarehouseClub_6EBCFE0E2F44B951FA9A2044CF50F66E_label_en-US" xlink:label="lab_psmt_CostOfGoodsSoldNetWarehouseClub_6EBCFE0E2F44B951FA9A2044CF50F66E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cost of Goods Sold Net Warehouse Club</link:label>
    <link:label id="lab_psmt_CostOfGoodsSoldNetWarehouseClub_6EBCFE0E2F44B951FA9A2044CF50F66E_documentation_en-US" xlink:label="lab_psmt_CostOfGoodsSoldNetWarehouseClub_6EBCFE0E2F44B951FA9A2044CF50F66E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total costs related to goods produced and sold at warehouse clubs during the reporting period.</link:label>
    <link:loc xlink:href="psmt-20121130.xsd#psmt_CostOfGoodsSoldNetWarehouseClub" xlink:label="loc_psmt_CostOfGoodsSoldNetWarehouseClub_6EBCFE0E2F44B951FA9A2044CF50F66E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_psmt_CostOfGoodsSoldNetWarehouseClub_6EBCFE0E2F44B951FA9A2044CF50F66E" xlink:to="lab_psmt_CostOfGoodsSoldNetWarehouseClub_6EBCFE0E2F44B951FA9A2044CF50F66E" xlink:type="arc" />
    <link:label id="lab_psmt_CostOfGoodsSoldExport_C048B730E90D3E5EAE942044CF5004F4_verboseLabel_en-US" xlink:label="lab_psmt_CostOfGoodsSoldExport_C048B730E90D3E5EAE942044CF5004F4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Export</link:label>
    <link:label id="lab_psmt_CostOfGoodsSoldExport_C048B730E90D3E5EAE942044CF5004F4_label_en-US" xlink:label="lab_psmt_CostOfGoodsSoldExport_C048B730E90D3E5EAE942044CF5004F4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cost of Goods Sold Export</link:label>
    <link:label id="lab_psmt_CostOfGoodsSoldExport_C048B730E90D3E5EAE942044CF5004F4_documentation_en-US" xlink:label="lab_psmt_CostOfGoodsSoldExport_C048B730E90D3E5EAE942044CF5004F4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total costs related to exported goods produced and sold during the reporting period.</link:label>
    <link:loc xlink:href="psmt-20121130.xsd#psmt_CostOfGoodsSoldExport" xlink:label="loc_psmt_CostOfGoodsSoldExport_C048B730E90D3E5EAE942044CF5004F4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_psmt_CostOfGoodsSoldExport_C048B730E90D3E5EAE942044CF5004F4" xlink:to="lab_psmt_CostOfGoodsSoldExport_C048B730E90D3E5EAE942044CF5004F4" xlink:type="arc" />
    <link:label id="lab_us-gaap_SellingGeneralAndAdministrativeExpenseAbstract_755C48C0226527FDFC272044CF506E04_terseLabel_en-US" xlink:label="lab_us-gaap_SellingGeneralAndAdministrativeExpenseAbstract_755C48C0226527FDFC272044CF506E04" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Selling, general and administrative:</link:label>
    <link:label id="lab_us-gaap_SellingGeneralAndAdministrativeExpenseAbstract_755C48C0226527FDFC272044CF506E04_label_en-US" xlink:label="lab_us-gaap_SellingGeneralAndAdministrativeExpenseAbstract_755C48C0226527FDFC272044CF506E04" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Selling, General and Administrative Expense [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SellingGeneralAndAdministrativeExpenseAbstract" xlink:label="loc_us-gaap_SellingGeneralAndAdministrativeExpenseAbstract_755C48C0226527FDFC272044CF506E04" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SellingGeneralAndAdministrativeExpenseAbstract_755C48C0226527FDFC272044CF506E04" xlink:to="lab_us-gaap_SellingGeneralAndAdministrativeExpenseAbstract_755C48C0226527FDFC272044CF506E04" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherSellingGeneralAndAdministrativeExpense_4F42F1EB05FE50503C4C2044CF504ABE_terseLabel_en-US" xlink:label="lab_us-gaap_OtherSellingGeneralAndAdministrativeExpense_4F42F1EB05FE50503C4C2044CF504ABE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Warehouse club operations</link:label>
    <link:label id="lab_us-gaap_OtherSellingGeneralAndAdministrativeExpense_4F42F1EB05FE50503C4C2044CF504ABE_label_en-US" xlink:label="lab_us-gaap_OtherSellingGeneralAndAdministrativeExpense_4F42F1EB05FE50503C4C2044CF504ABE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Selling, General and Administrative Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherSellingGeneralAndAdministrativeExpense" xlink:label="loc_us-gaap_OtherSellingGeneralAndAdministrativeExpense_4F42F1EB05FE50503C4C2044CF504ABE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherSellingGeneralAndAdministrativeExpense_4F42F1EB05FE50503C4C2044CF504ABE" xlink:to="lab_us-gaap_OtherSellingGeneralAndAdministrativeExpense_4F42F1EB05FE50503C4C2044CF504ABE" xlink:type="arc" />
    <link:label id="lab_us-gaap_GeneralAndAdministrativeExpense_3CF1059570F11411E77B2044CF502F61_terseLabel_en-US" xlink:label="lab_us-gaap_GeneralAndAdministrativeExpense_3CF1059570F11411E77B2044CF502F61" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">General and administrative</link:label>
    <link:label id="lab_us-gaap_GeneralAndAdministrativeExpense_3CF1059570F11411E77B2044CF502F61_label_en-US" xlink:label="lab_us-gaap_GeneralAndAdministrativeExpense_3CF1059570F11411E77B2044CF502F61" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">General and Administrative Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_3CF1059570F11411E77B2044CF502F61" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GeneralAndAdministrativeExpense_3CF1059570F11411E77B2044CF502F61" xlink:to="lab_us-gaap_GeneralAndAdministrativeExpense_3CF1059570F11411E77B2044CF502F61" xlink:type="arc" />
    <link:label id="lab_us-gaap_PreOpeningCosts_5F8CDD7BDF973CC20B2C2044CF504596_terseLabel_en-US" xlink:label="lab_us-gaap_PreOpeningCosts_5F8CDD7BDF973CC20B2C2044CF504596" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pre-opening expenses</link:label>
    <link:label id="lab_us-gaap_PreOpeningCosts_5F8CDD7BDF973CC20B2C2044CF504596_label_en-US" xlink:label="lab_us-gaap_PreOpeningCosts_5F8CDD7BDF973CC20B2C2044CF504596" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pre-Opening Costs</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PreOpeningCosts" xlink:label="loc_us-gaap_PreOpeningCosts_5F8CDD7BDF973CC20B2C2044CF504596" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreOpeningCosts_5F8CDD7BDF973CC20B2C2044CF504596" xlink:to="lab_us-gaap_PreOpeningCosts_5F8CDD7BDF973CC20B2C2044CF504596" xlink:type="arc" />
    <link:label id="lab_psmt_AssetImpairmentAndClosureCostsIncome_07FE0F33519C93DF58E52044CF50E911_verboseLabel_en-US" xlink:label="lab_psmt_AssetImpairmentAndClosureCostsIncome_07FE0F33519C93DF58E52044CF50E911" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Asset impairment and closure costs (income)</link:label>
    <link:label id="lab_psmt_AssetImpairmentAndClosureCostsIncome_07FE0F33519C93DF58E52044CF50E911_label_en-US" xlink:label="lab_psmt_AssetImpairmentAndClosureCostsIncome_07FE0F33519C93DF58E52044CF50E911" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset Impairment And Closure Costs Income</link:label>
    <link:label id="lab_psmt_AssetImpairmentAndClosureCostsIncome_07FE0F33519C93DF58E52044CF50E911_documentation_en-US" xlink:label="lab_psmt_AssetImpairmentAndClosureCostsIncome_07FE0F33519C93DF58E52044CF50E911" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value and expenditures associated with closing retail locations which are non-capital in nature and expensed as incurred.</link:label>
    <link:loc xlink:href="psmt-20121130.xsd#psmt_AssetImpairmentAndClosureCostsIncome" xlink:label="loc_psmt_AssetImpairmentAndClosureCostsIncome_07FE0F33519C93DF58E52044CF50E911" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_psmt_AssetImpairmentAndClosureCostsIncome_07FE0F33519C93DF58E52044CF50E911" xlink:to="lab_psmt_AssetImpairmentAndClosureCostsIncome_07FE0F33519C93DF58E52044CF50E911" xlink:type="arc" />
    <link:label id="lab_psmt_TotalOperatingExpenses_C942A221633ED82F5C8E2044CF503006_totalLabel_en-US" xlink:label="lab_psmt_TotalOperatingExpenses_C942A221633ED82F5C8E2044CF503006" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total operating expenses</link:label>
    <link:label id="lab_psmt_TotalOperatingExpenses_C942A221633ED82F5C8E2044CF503006_label_en-US" xlink:label="lab_psmt_TotalOperatingExpenses_C942A221633ED82F5C8E2044CF503006" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Operating Expenses</link:label>
    <link:label id="lab_psmt_TotalOperatingExpenses_C942A221633ED82F5C8E2044CF503006_documentation_en-US" xlink:label="lab_psmt_TotalOperatingExpenses_C942A221633ED82F5C8E2044CF503006" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to the sales of products or services and included in cost of sales or services.</link:label>
    <link:loc xlink:href="psmt-20121130.xsd#psmt_TotalOperatingExpenses" xlink:label="loc_psmt_TotalOperatingExpenses_C942A221633ED82F5C8E2044CF503006" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_psmt_TotalOperatingExpenses_C942A221633ED82F5C8E2044CF503006" xlink:to="lab_psmt_TotalOperatingExpenses_C942A221633ED82F5C8E2044CF503006" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingIncomeLoss_BDE74D7241CD2FB811B72044CF509A6C_totalLabel_en-US" xlink:label="lab_us-gaap_OperatingIncomeLoss_BDE74D7241CD2FB811B72044CF509A6C" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Operating income</link:label>
    <link:label id="lab_us-gaap_OperatingIncomeLoss_BDE74D7241CD2FB811B72044CF509A6C_label_en-US" xlink:label="lab_us-gaap_OperatingIncomeLoss_BDE74D7241CD2FB811B72044CF509A6C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Income (Loss)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="loc_us-gaap_OperatingIncomeLoss_BDE74D7241CD2FB811B72044CF509A6C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_F022FADA71E3C2CC50772044CF467CC4_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_F022FADA71E3C2CC50772044CF467CC4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred income taxes</link:label>
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    <link:label id="lab_psmt_DiscontinuedOperations_AFEE657118768EF1CE372044CF4627D0_terseLabel_en-US" xlink:label="lab_psmt_DiscontinuedOperations_AFEE657118768EF1CE372044CF4627D0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Discontinued operations</link:label>
    <link:label id="lab_psmt_DiscontinuedOperations_AFEE657118768EF1CE372044CF4627D0_label_en-US" xlink:label="lab_psmt_DiscontinuedOperations_AFEE657118768EF1CE372044CF4627D0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Discontinued operations</link:label>
    <link:label id="lab_psmt_DiscontinuedOperations_AFEE657118768EF1CE372044CF4627D0_documentation_en-US" xlink:label="lab_psmt_DiscontinuedOperations_AFEE657118768EF1CE372044CF4627D0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The sum of adjustments for discontinued operations which are added to or deducted from net income or loss, including the portion attributable to noncontrolling interest, to reflect cash provided by or used in operating activities, in accordance with the indirect cash flow method.</link:label>
    <link:loc xlink:href="psmt-20121130.xsd#psmt_DiscontinuedOperations" xlink:label="loc_psmt_DiscontinuedOperations_AFEE657118768EF1CE372044CF4627D0" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities_FA1CDD7A777B4D9CC8BF2044CF46A8D8_terseLabel_en-US" xlink:label="lab_us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities_FA1CDD7A777B4D9CC8BF2044CF46A8D8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Excess tax deficiency (benefit) on stock-based compensation</link:label>
    <link:label id="lab_us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities_FA1CDD7A777B4D9CC8BF2044CF46A8D8_label_en-US" xlink:label="lab_us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities_FA1CDD7A777B4D9CC8BF2044CF46A8D8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Excess Tax Benefit from Share-based Compensation, Operating Activities</link:label>
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    <link:label id="lab_us-gaap_IncomeLossFromEquityMethodInvestments_0A8522377CAAD23A1C972044CF463EC8_negatedLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromEquityMethodInvestments_0A8522377CAAD23A1C972044CF463EC8" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Equity in gains/(losses) of unconsolidated affiliates</link:label>
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    <link:label id="lab_us-gaap_ShareBasedCompensation_AD6C980CED95825AD6AC2044CF46E7BD_verboseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation_AD6C980CED95825AD6AC2044CF46E7BD" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Stock-based compensation</link:label>
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    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_01D579AA975D70BC82E62044CF460671_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_01D579AA975D70BC82E62044CF460671" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in operating assets and liabilities:</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_01D579AA975D70BC82E62044CF460671_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_01D579AA975D70BC82E62044CF460671" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Operating Capital [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_01D579AA975D70BC82E62044CF460671" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_F46771F0E133B85E52142044CF46F9A9_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_F46771F0E133B85E52142044CF46F9A9" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Change in receivables, prepaid expenses and other current assets, accrued salaries and benefits, deferred membership income and other accruals</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_F46771F0E133B85E52142044CF46F9A9_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets_F46771F0E133B85E52142044CF46F9A9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Other Operating Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_F46771F0E133B85E52142044CF46F9A9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInInventories_15E0B2F1BFF34109FBF52044CF467FDD_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInventories_15E0B2F1BFF34109FBF52044CF467FDD" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Merchandise inventories</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories_15E0B2F1BFF34109FBF52044CF467FDD" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsPayable_5E5D19D19836025A76A02044CF46AE98_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayable_5E5D19D19836025A76A02044CF46AE98" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Accounts payable</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayable_5E5D19D19836025A76A02044CF46AE98" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_727745EC902B742851A32044CF4624BF_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_727745EC902B742851A32044CF4624BF" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by (used in) continuing operating activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_727745EC902B742851A32044CF4624BF_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_727745EC902B742851A32044CF4624BF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities, Continuing Operations</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_727745EC902B742851A32044CF4624BF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_727745EC902B742851A32044CF4624BF" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_727745EC902B742851A32044CF4624BF" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations_360730071EF450B078692044CF46075F_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations_360730071EF450B078692044CF46075F" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by (used in) discontinued operating activities</link:label>
    <link:label id="lab_us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations_360730071EF450B078692044CF46075F_label_en-US" xlink:label="lab_us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations_360730071EF450B078692044CF46075F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Provided by (Used in) Operating Activities, Discontinued Operations</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations" xlink:label="loc_us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations_360730071EF450B078692044CF46075F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations_360730071EF450B078692044CF46075F" xlink:to="lab_us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations_360730071EF450B078692044CF46075F" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_7456448DA80819B33F1E2044CF46F917_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_7456448DA80819B33F1E2044CF46F917" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by (used in) operating activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_7456448DA80819B33F1E2044CF46F917_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_7456448DA80819B33F1E2044CF46F917" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_7456448DA80819B33F1E2044CF46F917" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_7456448DA80819B33F1E2044CF46F917" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_7456448DA80819B33F1E2044CF46F917" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_7FEBE8A43F43912E094E2044CF46A27B_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_7FEBE8A43F43912E094E2044CF46A27B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investing Activities:</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_7FEBE8A43F43912E094E2044CF46A27B_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_7FEBE8A43F43912E094E2044CF46A27B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_7FEBE8A43F43912E094E2044CF46A27B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_65A1596B0DAB1A230D042044CF465D01_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_65A1596B0DAB1A230D042044CF465D01" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Additions to property and equipment</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_65A1596B0DAB1A230D042044CF465D01_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_65A1596B0DAB1A230D042044CF465D01" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Property, Plant, and Equipment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_65A1596B0DAB1A230D042044CF465D01" xlink:type="locator" />
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    <link:label id="lab_psmt_CapitalContributionToCostaRicaJointVenture_4E369F0285C8BFE2BCFD2044CF46A0DB_negatedTerseLabel_en-US" xlink:label="lab_psmt_CapitalContributionToCostaRicaJointVenture_4E369F0285C8BFE2BCFD2044CF46A0DB" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Capital contribution to Costa Rica joint venture</link:label>
    <link:label id="lab_psmt_CapitalContributionToCostaRicaJointVenture_4E369F0285C8BFE2BCFD2044CF46A0DB_label_en-US" xlink:label="lab_psmt_CapitalContributionToCostaRicaJointVenture_4E369F0285C8BFE2BCFD2044CF46A0DB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital contribution to Costa Rica joint venture</link:label>
    <link:label id="lab_psmt_CapitalContributionToCostaRicaJointVenture_4E369F0285C8BFE2BCFD2044CF46A0DB_documentation_en-US" xlink:label="lab_psmt_CapitalContributionToCostaRicaJointVenture_4E369F0285C8BFE2BCFD2044CF46A0DB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash outflow associated with capital contributions to the Costa Rica joint venture during the period.</link:label>
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    <link:label id="lab_psmt_CapitalContributionToPanamaJointVenture_092C0BBBC07D329776C22044CF466B6B_negatedTerseLabel_en-US" xlink:label="lab_psmt_CapitalContributionToPanamaJointVenture_092C0BBBC07D329776C22044CF466B6B" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Capital contribution to Panama joint venture</link:label>
    <link:label id="lab_psmt_CapitalContributionToPanamaJointVenture_092C0BBBC07D329776C22044CF466B6B_label_en-US" xlink:label="lab_psmt_CapitalContributionToPanamaJointVenture_092C0BBBC07D329776C22044CF466B6B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital contribution to Panama joint venture</link:label>
    <link:label id="lab_psmt_CapitalContributionToPanamaJointVenture_092C0BBBC07D329776C22044CF466B6B_documentation_en-US" xlink:label="lab_psmt_CapitalContributionToPanamaJointVenture_092C0BBBC07D329776C22044CF466B6B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash outflow associated with capital contributions to the Panama joint venture during the period.</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_0007CB59A59E22E3DE6F2044CF465B6F_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_0007CB59A59E22E3DE6F2044CF465B6F" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash flows provided by (used in) investing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_0007CB59A59E22E3DE6F2044CF465B6F_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_0007CB59A59E22E3DE6F2044CF465B6F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_0007CB59A59E22E3DE6F2044CF465B6F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_1870DA2513184FD2E20B2044CF4660EB_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_1870DA2513184FD2E20B2044CF4660EB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing Activities:</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromIssuanceOfDebt_EB6BDE9BEDD817742C7D2044CF46EC8D_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfDebt_EB6BDE9BEDD817742C7D2044CF46EC8D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from bank borrowings</link:label>
    <link:label id="lab_us-gaap_ProceedsFromIssuanceOfDebt_EB6BDE9BEDD817742C7D2044CF46EC8D_label_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfDebt_EB6BDE9BEDD817742C7D2044CF46EC8D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Issuance of Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromIssuanceOfDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfDebt_EB6BDE9BEDD817742C7D2044CF46EC8D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RepaymentsOfDebt_78F445E7004CDE25DC202044CF46F5FA_negatedLabel_en-US" xlink:label="lab_us-gaap_RepaymentsOfDebt_78F445E7004CDE25DC202044CF46F5FA" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayment of bank borrowings</link:label>
    <link:label id="lab_us-gaap_RepaymentsOfDebt_78F445E7004CDE25DC202044CF46F5FA_label_en-US" xlink:label="lab_us-gaap_RepaymentsOfDebt_78F445E7004CDE25DC202044CF46F5FA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments of Debt</link:label>
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    <link:label id="lab_psmt_PaymentsDuringPeriodForRepurchaseOfCommonStock_D2AB279608DF20121B442044CF462090_negatedLabel_en-US" xlink:label="lab_psmt_PaymentsDuringPeriodForRepurchaseOfCommonStock_D2AB279608DF20121B442044CF462090" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchase of treasury stock</link:label>
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