Costco’s shares rose 2.9% after earnings, a broadly neutral market reaction. The call highlighted more than 10% fiscal-year sales growth and plans to accelerate openings, alongside ongoing reinvestment of tariff refunds in lower prices.
- Costco opened 28 warehouses in fiscal 2026, including three relocations, for 25 net new buildings; it plans 33 openings in fiscal 2027, including five relocations.
- Digitally enabled sales, including third-party delivery, exceeded $33 billion, up more than 20%; the company said sales through delivery marketplaces have been mostly incremental, with limited impact on core warehouse grocery.
- Pharmacy sales grew nearly 20%, with double-digit script growth more than offsetting lower prices tied to Medicare Maximum Fair Price changes.
- Executive-member penetration reached an all-time high, and renewal rates improved again in the quarter.
- Costco received initial tariff refunds in the fourth quarter and said it reinvested some of them in price reductions across food and nonfood items.
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