Financial Data and Key Metrics Changes - Net sales for Q4 2025 reached $84.43 billion, an increase of 8% from $78.18 billion in Q4 2024 [10] - Net income for Q4 was $2.61 billion, or $5.87 per diluted share, up 11% from $2.35 billion, or $5.29 per diluted share in the same quarter last year [10] - Membership fee income increased to $1.72 billion, a 14% year-over-year growth [11] Business Line Data and Key Metrics Changes - E-commerce sales exceeded $19.6 billion, increasing over 15% year-over-year [5] - Comparable sales were up 5.7%, or 6.4% adjusted for gas deflation and foreign exchange [10] - Fresh sales were up high single digits, with double-digit growth in meat [20] Market Data and Key Metrics Changes - Traffic or shopping frequency increased by 3.7% worldwide [11] - The average transaction or ticket was up 1.9% worldwide, adjusted for gas deflation and FX [11] - Gas volumes saw positive low single digits, but gas comps were negative mid-to-high single digits due to lower average prices [22] Company Strategy and Development Direction - The company plans to open 35 new warehouses in fiscal year 2026, indicating continued expansion opportunities [4] - There is a focus on moving more Kirkland Signature product sourcing closer to the markets where they are sold to lower costs and reduce emissions [6] - The company is enhancing member experience through improved checkout technology and digital enhancements [7][25] Management's Comments on Operating Environment and Future Outlook - Management remains confident in the ability to grow market share despite macroeconomic uncertainties [9] - The company is focused on improving renewal rates for new online members through targeted digital communications [15][40] - Overall inflation remains in the low to mid-single digit range, with specific commodities experiencing varying inflation rates [22][75] Other Important Information - Capital expenditure in Q4 was approximately $1.97 billion, with a total of under $5.5 billion for the full year [18] - The company celebrated milestones such as the 40th anniversary of its hot dog and soda combo and the 30th anniversary of Kirkland Signature [5] - Digital e-commerce site traffic was up 27%, with strong sales in various categories [24] Q&A Session All Questions and Answers Question: Awareness of extended member hours and potential comp lift - Management communicated effectively about the extended hours, resulting in a 1% comp lift, with expectations for further growth as awareness increases [30][31] Question: Expected decline in membership renewal rates - Management anticipates a continued decline in renewal rates due to a higher number of online sign-ups, but overall membership engagement remains strong [34][39] Question: Insights on core margins and price increases - Core margins improved by 29 basis points year-over-year, with a focus on maintaining value while navigating tariffs [42][44] Question: Sustainability of warehouse growth pace - The company sees potential for continued growth in warehouse openings, with a focus on making informed decisions rather than hitting specific targets [68][70] Question: Impact of tariffs on gross margin - Management is closely monitoring the impact of tariffs and is prepared to adjust pricing strategies as necessary [80]

Group 1 - Costco's extended operating hours this summer have resulted in an estimated 1% increase in weekly US sales since implementation, which has been positively received by members [1] - The company reported full-year revenue of $269.9 billion, reflecting an 8.1% increase compared to the previous year [1] - The extended hours and new perks have led to a higher percentage of shoppers upgrading their memberships, with Costco finishing the quarter with 81 million paid memberships, including 38.7 million executive tier memberships [2] Group 2 - The company gained 1.4 million additional memberships during the quarter, of which 1.1 million were executive tier memberships [2] - Foot traffic data indicates that the adjustment in operating hours is helping Costco achieve key goals, such as encouraging shoppers to visit more frequently and quickly [2] - Analysts view the changes as a positive development for the company, suggesting that it is a win for Costco [3]

Financial Performance - Costco reported a net income of $2.61 billion, or $5.87 per share, for the fiscal fourth quarter, an increase from $2.35 billion, or $5.29 per share, a year earlier [1] - Revenue for the quarter was $86.16 billion, surpassing the expected $86.06 billion [7] Sales Metrics - Same-store sales rose by 6.4% excluding the impact of gas prices and foreign exchange, marking two consecutive quarters of decelerating growth [2] - E-commerce sales increased by 13.5% compared to the previous year, also excluding gas prices and foreign exchange impacts [2] Market Position and Strategy - Costco has opened new locations and attracted younger members, with nearly half of new signups being individuals under 40 [3] - The company is well-positioned to handle higher tariffs due to its grocery-focused sales and flexible merchandise selection [4] - Actions have been taken to mitigate tariff-related costs, including expediting orders and sourcing more items locally [5] Stock Performance - Over the past five years, Costco's shares have increased by approximately 180%, but have underperformed in the current year with just over 2% growth compared to the S&P 500's over 12% gains [6]

Costco Wholesale beat fourth-quarter revenue estimates on Thursday, as Americans hunting for bargains flocked to the membership-only retail chain to snap up lower-priced essentials. ...

ISSAQUAH, Wash., Sept. 25, 2025 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced its operating results for the 16-week fourth quarter and the 52-week fiscal year ended August 31, 2025. Net sales for the quarter increased 8.0 percent, to $84.4 billion, from $78.2 billion last year. Net sales for the fiscal year increased 8.1 percent, to $269.9 billion, from $249.6 billion last year. Comparable sales for the fourth quarter and fiscal year were as foll ...

ZikG/Shutterstock Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Costco just started offering its top-tier members something regular shoppers can’t buy: an empty store. Since June 30, the warehouse giant’s Executive Members have been able to shop on weekdays starting at 9 a.m. — which is one hour earlier than everyone else. On Saturdays, Executive Members get a 30-minute head start instead. Must Read Those without a premium membership [1] will be t ...

分组1: Federal Reserve and Economic Outlook - The Federal Reserve cut the Fed funds rate by 25 basis points, indicating a complex economic situation with inflation and unemployment concerns [2][3][5] - The Fed's commitment to potential further rate cuts suggests a shift in focus from battling inflation to addressing unemployment, with recent job number revisions indicating a weaker economy [5][6][9] - Market reactions to the Fed's rate cut have been mixed, with short-term rates decreasing but long-term rates, such as the 10-year benchmark, rising, which could complicate borrowing costs for consumers and businesses [6][8] 分组2: Semiconductor Industry Developments - NVIDIA's $5 billion investment in Intel is seen as a significant partnership that could help Intel improve its competitive position in the semiconductor market [10][15][13] - The collaboration focuses on integrating Intel processors with NVIDIA's AI and graphics chips, which may enhance product offerings for both companies [13][15] - Intel's revenue has been declining, while NVIDIA has seen substantial growth, highlighting the contrasting trajectories of the two companies [14] 分组3: Meta's New Product Launch - Meta announced the launch of AI-powered Ray-Ban Display glasses, aiming to integrate artificial intelligence into consumer eyewear [17][19] - The product's practicality and market demand are questioned, as it may replicate functions already available on smartphones, raising skepticism about its adoption [18][19] - Competitors like Alphabet and Amazon are also exploring similar technologies, indicating a growing interest in augmented reality and smart glasses [19][24] 分组4: Google and PayPal Partnership - Google and PayPal have formed a partnership to enhance payment processing across Google's platforms, which could positively impact PayPal's user base and transaction volume [36][42] - The concept of "agentic commerce," where AI agents facilitate consumer purchases, is introduced, but its practical application and consumer adoption remain uncertain [37][38][40] - Google's integration of AI products into Chrome is seen as a strategic move to leverage its extensive user base and enhance its competitive position in the AI landscape [42][43] 分组5: Stock Recommendations - FedEx is highlighted as a potential investment opportunity due to its recent earnings beat and modest growth forecast, despite challenges in the transportation sector [45] - Costco is noted for its strong membership renewal rates and consistent performance, making it a stable investment choice [47]

take us through as an analyst what you are looking for in those results after the closing bell today. Hey, good morning Tom Don. Thanks for having me on.So ju just given the monthly sales numbers that Costco reports, we already know that they're going to print uh about 6% same store sales in the US that excludes the more volatile gas category and then globally that's about 6 and a half%. So very good numbers. We just don't think this is enough for Costco.So a bit of a deceleration from the 8% last quarter. ...

Costco Wholesale Corporation COST will release earnings results for the fourth quarter, after the closing bell on Thursday, Sept. 25.Analysts expect the company to report quarterly earnings at $5.81 per share, up from $5.29 per share in the year-ago period. Costco projects quarterly revenue of $86.06 billion, compared to $79.7 billion a year earlier, according to data from Benzinga Pro.Costco has beaten analyst estimates for revenue in two straight quarters and in five of the last 10 quarters overall.Shares ...

Look past the headline figures, because management commentary will be key to Costco's success in the upcoming year.For most investors, earnings season is the pinnacle of each quarter. This is the six-week period where most S&P 500 companies lift their proverbial hoods and give investors an up-close look at their operating performance. There's arguably no better way to gauge the health of American businesses and the stock market than from the operating results of its most-influential businesses.But not every ...