On September 25, Costco rose 3.15% in regular trading, trading at $924.675/share, with turnover of approximately $3.482 billion. The move comes as the market digests the company's stronger-than-expected fiscal Q4 results and a wave of positive analyst commentary.
Costco reported fiscal Q4 earnings of $6.75 per diluted share, up 14.99% from $5.87 a year earlier, beating the consensus estimate of $6.52-$6.54. Revenue for the 16 weeks ended August 30 came in at $95.72 billion, surpassing the $94.86-$94.97 billion expected, compared with $86.16 billion a year ago.
UBS noted that Costco's growth story is evolving rather than ending, highlighting rising executive membership penetration and plans to open 33 new locations next year as signs of long-term confidence. RBC Capital Markets called fundamentals stable, noting approximately $184 million in tariff refunds received, with $99 million reinvested into member pricing. Goldman Sachs maintained its Buy rating while adjusting its price target to $1,134, and Jefferies lowered its target modestly to $1,100. The mean analyst price target stands at $1,076.09 with an average overweight rating.
Costco also recently expanded its same-day delivery network through partnerships with Uber Eats across 47 states and a nationwide launch on DoorDash Marketplace.
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