Costco Wholesale Corporation (COST) reported a significant sales increase for its fiscal fourth quarter, with net sales reaching $93.9 billion, up 11.3% from $84.4 billion in the same quarter last year. This performance for the quarter ended August 30 also saw full-year net sales rise to $297.3 billion, reflecting a 10.2% increase. The company’s total comparable sales surged by 9.4%, driven by a 10.7% increase in the U.S.
Looking ahead to the earnings announcement on Thursday, analysts are estimating earnings of about $6.48 per share, up 10.4% from last year. Key metrics to monitor include membership renewal rates, which had seen a slight decline but recently rose to 92.2% in the last quarter. Analysts are also curious about the impact of tariff refunds on reported profits and expect Costco to navigate a challenging cost environment as food and transportation costs increase.
Costco’s performance has placed it at a Zacks Rank #3 (Hold), indicating the stock is likely to track the broader market. Despite a 4.5% decline in shares over the past month, the company has consistently met earnings expectations, which could influence investor sentiment during Thursday’s earnings release.
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