Costco's fourth-quarter report lands Sept 24, with analysts at $6.51 a share. Can the warehouse giant beat it?

Costco Wholesale reported fiscal fourth-quarter results on September 24, 2026, that beat Wall Street expectations, posting adjusted earnings per share of $6.75 against a consensus estimate near $6.51-$6.55. Revenue reached roughly $95.7 billion for the quarter, also topping analyst forecasts, while net sales for the 16-week period rose 11.2% year-over-year to $93.9 billion. Comparable sales increased 9.4%, with digitally-enabled sales up 19.5%, reflecting continued strength in both warehouse traffic and e-commerce.

Part of the EPS beat, about $0.15 per share, came from a non-recurring benefit tied to IEEPA tariff refunds the company received during the quarter. For the full fiscal year ended August 30, 2026, Costco's net sales rose 10.1% to $297.2 billion and net income increased to $9.23 billion, or $20.76 per diluted share, up from $18.21 a year earlier.

The results extended Costco's streak of exceeding analyst estimates, driven by steady membership renewal rates and demand for bulk goods and discounted gasoline even amid inflation-conscious consumer spending. The community strongly favored a beat heading into the report (92% Yes), and the outcome matched that expectation, with Costco topping both the earnings and revenue lines analysts had modeled.