Costco Q4 Revenue Beats Estimates on Resilient Essentials Demand
COST is trading near its 52-week low of $844.06 (7.0% above the low).
Summary
Costco reported Q4 revenue of $95.72 billion, beating Wall Street estimates of $94.86 billion, driven by resilient demand for essential goods as inflation-pressured shoppers increased foot traffic. This follows strong monthly sales reports throughout the quarter, including August net sales up 9.9% and Q4 net sales up 11.3% year-over-year. Q4 profit was helped by a one-time IEEPA tariff refund. Comparable sales for Q4 were U.S. +10.7%, Canada +5.0%, Other Intl +7.0%, Total Co +9.4%, and Digitally Enabled +19.5%. EPS was $6.75. Membership fee income rose 7.3% to $1.85 billion, below estimates; paid memberships rose 3.8% to 84.1 million, missing expectations. Worldwide renewal rate edged up to 89.8%, U.S./Canada to 92.3%, and executive memberships hit a record 42.3 million.
Updated with a Binance News report · What changed
Updates
· Binance News — Membership fee income rose 7.3% to $1.85 billion, below estimates; paid memberships rose 3.8% to 84.1 million, missing expectations. Worldwide renewal rate edged up to 89.8%, U.S./Canada to 92.3%, and executive memberships hit a record 42.3 million.
At the time of this announcement, COST was trading at $903.29 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $397.6B. The 52-week trading range was $844.06 to $1,096.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.