Costco (COST) Q4 2026 Earnings Call Transcript

Costco’s Q4 2026 earnings call highlighted strong growth across sales, membership and digital services, alongside margin pressure tied to mix. The company reported net income of $2.998 billion, or $6.75 per diluted share, including a nonrecurring $0.15 per share benefit from tariff refunds. Net sales rose to $93.87 billion, up 11.2%, with comparable sales up 9.4% overall (6.7% after gas price inflation and foreign exchange). Membership fee income increased to $1.849 billion (+7.3%). Costco ended the fiscal year with 939 warehouses worldwide and guided fiscal 2027 to 33 openings. Paid memberships totaled 84.1 million, while digitally enabled sales surpassed $33 billion, and reported gross margin was 11.02%.