Costco Q4 profit up helped by one-time IEEPA tariff refund

Costco Wholesale

24/09/2026 21:24

Overview
U.S. warehouse retailer's fiscal Q4 net sales rose 11.2% year-over-year
Fiscal Q4 adjusted comparable sales grew 6.7%
Q4 diluted EPS increased, aided by a one-time tariff refund

Outlook
Company did not provide specific financial guidance or outlook for the upcoming quarter or year

Result Drivers
DIGITAL SALES - Digitally-enabled sales grew 19.5% in Q4, outpacing total company sales growth
TARIFF REFUND - Q4 net income and EPS benefited from a one-time IEEPA tariff refund, partially offset by reinvestment in member value

Company press release: ID:nGNXbzkkfx

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net sales
 
$93.87 bln
 
Q4 Total revenue
 
$95.72 bln
 
Q4 EPS
 
$6.75
 
Q4 Net Income
 
$3 bln
 
Q4 Adjusted Comparable Sales Growth
 
6.70%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 25 "strong buy" or "buy", 13 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the discount stores peer group is "buy"
Wall Street's median 12-month price target for Costco Wholesale Corp is $1,100.00, about 21.6% above its September 23 closing price of $904.70
The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 43 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)