Core Insights - Costco Wholesale Corp. reported strong earnings in its fourth quarter, achieving double-digit earnings growth and market share gains despite macroeconomic challenges [1] - Analysts from Telsey Advisory Group maintained an Outperform rating with a price target of $1,100 following the company's better-than-expected fiscal fourth-quarter results [1] Financial Performance - Adjusted EPS reached $5.87, exceeding both the analysts' estimate of $5.84 and the FactSet consensus of $5.80, driven by an 8.1% sales growth to $86.2 billion and a six-basis-point increase in operating margin to 3.9% [2] - Comparable store sales grew robustly by 6.4%, with strong performance noted across the U.S., Canada, and international markets [3] Membership Trends - Membership fee income increased by 14% to $1.7 billion, although renewal rates softened by 40 basis points to 89.8% globally and 92.3% in the U.S. and Canada, attributed to lower online renewals and the lapping of a digital promotion [4] Future Outlook - The brokerage anticipates Costco will continue to gain market share, supported by over 30 planned club openings in fiscal year 2026, strong Kirkland Signature product sales, competitive pricing, and digital enhancements [5] - Analysts raised the fiscal 2026 EPS forecast to $20.12 from $20.09 and projected fiscal 2027 EPS at $22.14, citing margin leverage and steady comparable store sales growth [6] Additional Analyst Insights - Bank of America reiterated a Buy rating with a price target of $1,095 based on a 52 times multiple of its fiscal 2027 EPS estimate of $21 [6] - Bank of America also projects fiscal 2026 EPS at $19.70, supported by fee increases and planned warehouse openings, with long-term EPS expected to reach $22.15 by fiscal year 2028 [7]