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Costco Wholesale Corp
XMUN:CTO

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Costco Wholesale Corp
XMUN:CTO
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Price: 789.6 EUR -1.24% Market Closed
Market Cap: €219.6B

Costco Wholesale Corp
Investor Relations

Costco Wholesale runs membership warehouse clubs that sell groceries, household goods, electronics, apparel, and many other everyday items in large pack sizes. It also offers services such as pharmacy, optical care, gasoline, tires, and travel bookings in many locations. Its main customers are households and small businesses that want low prices and are willing to buy in bulk. Costco makes money in two main ways: annual membership fees and the sale of merchandise and services in its warehouses and online. The membership model is central because customers pay to shop there, and that fee helps support the company’s low-price approach. Costco often keeps product choice narrow and turns inventory quickly, which helps it stay focused on value rather than a huge assortment. What makes Costco different is the warehouse club model itself. Instead of trying to be a full-service department store, it concentrates on a limited number of well-known products sold in large quantities, often at very thin markups. That simple setup appeals to price-sensitive shoppers and gives Costco a clear role as a high-volume retailer for value-focused consumers and small businesses.

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Last Earnings Call
Fiscal Period
Q4 2026
Call Date
Sep 24, 2026
AI Summary
Q4 2026

Sales: Q4 net sales rose 11.2% to $93.87 billion; comparable sales increased 6.7% excluding gas and foreign exchange.

Profit: Net income was $2.998 billion, or $6.75 per diluted share, including a $0.15-per-share benefit from tariff refunds, partly offset by member price reductions.

Membership: Paid members grew 3.8% to 84.1 million, executive members rose 9.4% to 42.3 million, and renewal rates improved by 10 basis points in both the U.S. and Canada and worldwide.

Expansion: Costco opened 25 net new warehouses in fiscal 2026 and plans 33 openings, including 5 relocations, in fiscal 2027.

Digital: Digitally enabled sales exceeded $33 billion for the year, up more than 20%; Uber Eats and DoorDash delivery coverage is expanding across the U.S.

Investment: Fiscal 2027 capital spending is planned at approximately $7.5 billion, mainly to support warehouse growth and supply-chain capacity.

Outlook: Management expects membership growth to look more typical of recent quarters, while emphasizing continued sales growth from member spending and engagement. Inflation remained in the low single digits, with tariffs and Middle East developments making the outlook uncertain.

Key Financials
Net income
$2.998 billion
Diluted earnings per share
$6.75
Net sales
$93.87 billion
Comparable sales
Up 9.4%
Digitally enabled comparable sales
Up 19.5%
Traffic or shopping frequency
Up 3.3% worldwide
Average transaction or ticket
Up 5.9% worldwide
Membership fee income
$1.849 billion
Paid executive members
42.3 million
Total paid members
84.1 million
Cardholders
150.4 million
U.S. and Canada renewal rate
92.3%
Worldwide renewal rate
89.8%
Gross margin rate
11.02%
LIFO charge
$152 million
SG&A rate
8.94%
Capital expenditure
$2.21 billion in Q4; $6.4 billion for fiscal 2026
Warehouses opened
28 in fiscal 2026, including 3 relocations; 25 net new buildings
Digitally enabled sales
Exceeded $33 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Ron M. Vachris
President, CEO & Director

Ron M. Vachris is an established executive at Costco Wholesale Corporation, a leading global retailer known for its membership-only warehouse clubs. Ron Vachris serves as the Executive Vice President and Chief Operating Officer of the company. Ron Vachris has been with Costco for many years, during which he has gained extensive experience and knowledge in various aspects of the company's operations. Throughout his career at Costco, he has held multiple key positions that have equipped him with a thorough understanding of warehouse operations, merchandising, and overall business strategy. This has made him an integral part of the company's executive team. As Chief Operating Officer, Vachris is responsible for overseeing the day-to-day operations of Costco's warehouse clubs, ensuring that the company maintains its high standards of customer service and operational efficiency. His leadership plays a crucial role in the continued growth and success of the company, contributing to Costco's reputation for delivering value to its members across its global locations.

Mr. Richard A. Galanti
Executive VP & Director

Richard A. Galanti is the Executive Vice President and Chief Financial Officer (CFO) of Costco Wholesale Corporation, one of the largest retail companies in the world known for its membership-only warehouse clubs. Galanti joined Costco in 1984 and has been instrumental in the company's financial management and strategic expansion over the years. His tenure with Costco spans several decades, during which he has seen the company grow significantly, both domestically and internationally. As CFO, Galanti is responsible for overseeing Costco's financial operations, including financial planning, risk management, and investor relations. His expertise in financial management has helped Costco maintain its competitive edge in the retail industry, known for its low prices and efficient operations. Under his leadership, Costco has successfully navigated various economic challenges, maintaining steady growth and profitability. Galanti is known for his strategic approach to cost management and his commitment to the company's core principles of offering high-quality products at low prices. His role as a spokesperson during earnings calls and investor meetings reflects his importance in shaping Costco's financial strategies and communicating its financial health to stakeholders. His contributions have been pivotal in reinforcing Costco's position as a leading retail giant.

Contacts

Address
WASHINGTON
Issaquah
999 Lake Dr
Contacts
+14253138100
www.costco.com