Costco Wholesale Corporation reported fiscal fourth-quarter adjusted earnings per share of $6.60, topping the Zacks Consensus Estimate of $6.48, on total revenues of $95.72 billion that surpassed the consensus mark of $94.82 billion. President and CEO Ron Vachris said Costco opened 25 net new warehouses in fiscal 2026, bringing the worldwide total to 939, and management plans 33 openings in fiscal 2027, including five relocations, as it works toward 30 net new warehouses annually. CFO Gary Millerchip said Costco sees a five-to-10-year path for maintaining that 30-new-warehouse annual target, with fiscal 2027 capital expenditures expected at approximately $7.5 billion, up from $6.4 billion in fiscal 2026. Costco ended the quarter with 84.1 million paid members, up 3.8% year over year, while paid executive memberships rose 9.4% to 42.3 million, and digitally enabled sales exceeded $33 billion in fiscal 2026, increasing more than 20%. Costco received $184 million in fiscal fourth-quarter tariff refunds and interest, representing slightly more than one-third of expected refunds, and management intends to reinvest the majority of refund dollars into increased member value through price reductions across produce, meat, beverages and selected nonfood merchandise.
Costco Wholesale CorpCostco beat Q4 EPS and revenue estimates ($6.60 vs $6.48; $95.72B vs $94.82B).
