Costco Wholesale Corporation

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Bullish +55

Costco Wholesale Corporation (COST) Stock: Sales Surge as Revenue Hits $93.9 Billion

Customer growth Store expansion AI-generated analysis

📈 Costco reported fourth-quarter net sales of $93.9 billion, marking an 11.2% year-over-year increase.

💰 Fourth-quarter net income reached $2.998 billion, driving diluted earnings per share to $6.75.

🌍 Annual fiscal-year net sales totaled $297.2 billion, a 10.1% rise from the prior year.

📱 Digital commerce momentum accelerated with 19.5% growth in digitally enabled sales for the quarter.

🇺🇸 U.S. comparable sales grew 10.7% in the fourth quarter, excluding gasoline and FX effects.

🇨🇦 Canada delivered 5% comparable sales growth in the fourth quarter with adjusted growth of 4.6%.

🏗️ The global warehouse network expanded to 939 locations across multiple international markets.

📊 International operations outside North America achieved 7% comparable sales growth in the quarter.

💻 Fiscal-year digitally enabled sales grew 20.9%, highlighting strong e-commerce adoption.

📉 Stock closed at $896.48, down 0.91%, despite strong underlying revenue and earnings beats.

Bullish Signals
  • Costco reported fourth-quarter net sales of $93.9 billion, representing an 11.2% increase from the previous year.
  • Fourth-quarter net income reached $2.998 billion, with diluted earnings per share increasing to $6.75 from $5.87.
  • Annual fiscal-year net sales climbed to $297.2 billion, a 10.1% rise year-over-year.
  • Digital commerce is a major growth driver, with digitally enabled sales growing 19.5% in the fourth quarter.
  • U.S. comparable sales grew 10.7% in the fourth quarter, demonstrating strong domestic demand.
  • The company expanded its global warehouse network to 939 locations, reinforcing its international presence.
  • International markets outside North America delivered 7% comparable sales growth during the quarter.
Risk Factors
  • Costco stock closed lower at $896.48, down 0.91%, following the earnings report despite strong fundamentals.
  • Adjusted U.S. comparable sales increased only 7.2% after excluding gasoline prices and foreign exchange effects.
Full Analysis
Costco Wholesale Corporation reported robust financial performance for its fourth quarter and fiscal year ended August 30, 2026, with net sales reaching $93.9 billion in the quarter and $297.2 billion annually. This represents an 11.2% increase in quarterly revenue and a 10.1% rise in annual sales compared to the previous year, driven by strong customer demand and digital expansion. Net income for the fourth quarter climbed to $2.998 billion, resulting in diluted earnings per share of $6.75, up from $5.87 the prior year. On an annual basis, net income improved to $9.226 billion from $8.099 billion, reflecting sustained profitability across its global operations. Comparable sales growth was consistent across major regions, with the U.S. segment posting a 10.7% increase in the fourth quarter and Canada growing by 5%. Digital commerce remained a significant driver, with digitally enabled sales surging 19.5% in the quarter and 20.9% for the fiscal year. Costco continues to expand its physical footprint, now operating 939 warehouses globally, including 647 in the U.S. and Puerto Rico, 115 in Canada, and locations in Mexico, Japan, the UK, and other international markets. The company's membership-based model and digital platforms are central to its long-term growth strategy.