$COST — 𝗖𝗼𝘀𝘁𝗰𝗼 Warehouse Retail Report They charge you to walk in, then sell you a year of paper towels at a price nobody wants to match. 🎮 Executive Summary Costco is carried by the membership card while the market waits on comps. Q4 (16 weeks): sales $93.9B, +11.2%. EPS $6.75 includes a $0.15 tariff-refund benefit; ex that, +12.4%. The core has to carry FY27. 📊 Key Financials — Q4 FY2026 🛒 Net sales: $93.9B, +11.2% YoY 💳 Membership fees: $1.85B, +7.3% 📉 EPS: $6.75 vs $5.87 🔁 Comps: +9.4% | +6.7% ex gas/FX 📱 Digital comps: +19.5% 🔒 Renewal: 92.3% US/Canada | 89.8% global 📅 Guidance • No formal sales/EPS guide • FY27 capex: ~$7.5B vs $6.4B — RAISED • 33 openings in FY27 (5 relocations) • ~967 warehouses end FY27 vs 939 🚀 Growth Drivers 💳 Executive members — 42.3M, +9.4% 📱 Delivery — Uber Eats, DoorDash, Instacart ⛽ Gas, pharmacy, travel — ancillary comps high-20s 🟢 Opportunities • Goal: 30 net new warehouses a year • Tariff refunds recycled into lower prices • Under-40s now over a quarter of members • $20.2B cash 🔴 Risks • Gas inflation flatters the headline comp • $152M Q4 LIFO charge • Paid members +3.8% and slowing • Capex steps up ~17% into FY27 🥊 Key Competitors $WMT $BJ $TGT 🔭 Outlook Clean print. The comp was loud because gas was loud. FY27 is a build year: more boxes, more capex, fee hike now lapped. Next check: September sales, Oct 7. The year is binary: Renewal rates hold the floor. The upside depends on core comps holding 6–7% without gas help. ✅ Bottom Line Q4 showed the card still works and digital compounds. Useful. Not enough to remove the gas and one-off noise. FY27 is a compounding year built on fees. Results hinge on core comps — not the last $6.75. Disclaimer: Not financial advice. Retailers swing on consumer spending, fuel prices, and tariffs. Do your own #research #Stocks #Investing #WallStreet #Retail #TenMinutesToMidnight