Costco Beats Quarterly Estimates as Memory Costs Lift Non-Food Inflation

  • Costco reported fiscal fourth-quarter earnings of $6.75 per share, exceeding analyst estimates.
  • Costco generated $95.72 billion in quarterly revenue and recorded 9.4% comparable-sales growth.
  • Costco received $184 million in IEEPA tariff refunds during the quarter.

Costco Wholesale reported fiscal fourth-quarter earnings of $6.75 per share, exceeding consensus estimates ranging from $6.48 to $6.54, as total revenue rose 11% to $95.72 billion and comparable sales increased 9.4%. Higher memory prices for consumer electronics were a leading source of non-food inflation, alongside increased costs for gasoline and petroleum-based products. The retailer received $184 million in IEEPA tariff refunds during the quarter and said that amount represented slightly more than one-third of what it anticipated collecting in fiscal 2027's first quarter. Digitally enabled comparable sales rose 19.5%, pharmacy sales climbed nearly 20% for the fiscal year, and Costco plans about $7.5 billion in fiscal 2027 capital expenditures, largely for warehouses and supply-chain investment. Membership-fee income rose 7.3% to $1.85 billion, though its growth slowdown remained an investor concern.

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