Costco Wholesale Corp

XMUN:CTO

Sales: Q4 net sales rose 11.2% to $93.87 billion; comparable sales increased 6.7% excluding gas and foreign exchange.

Profit: Net income was $2.998 billion, or $6.75 per diluted share, including a $0.15-per-share benefit from tariff refunds, partly offset by member price reductions.

Membership: Paid members grew 3.8% to 84.1 million, executive members rose 9.4% to 42.3 million, and renewal rates improved by 10 basis points in both the U.S. and Canada and worldwide.

Expansion: Costco opened 25 net new warehouses in fiscal 2026 and plans 33 openings, including 5 relocations, in fiscal 2027.

Digital: Digitally enabled sales exceeded $33 billion for the year, up more than 20%; Uber Eats and DoorDash delivery coverage is expanding across the U.S.

Investment: Fiscal 2027 capital spending is planned at approximately $7.5 billion, mainly to support warehouse growth and supply-chain capacity.

Outlook: Management expects membership growth to look more typical of recent quarters, while emphasizing continued sales growth from member spending and engagement. Inflation remained in the low single digits, with tariffs and Middle East developments making the outlook uncertain.