Wilcox William Richard sold $1.1M of COST

Costco Wholesale Corporation (COST) declared a quarterly cash dividend of $1.47 per share, payable on November 13, 2026. The company operates 939 warehouses globally and multiple e-commerce sites. The announcement was made in a press release statement.

Costco's September sales rose 13% to $30.02B, with comparable traffic up 4.7%. Excluding gas and currency, sales grew 7.6%, above the 6-7% range cited by CFO Gary Millerchip. Nonfoods led growth, while gas prices added 3.8 points to sales. Shares closed at $942.25 before the release. Analysts note slower membership growth, emphasizing traffic's importance for sales gains.

Costco Wholesale (COST) filed its annual 10-K report with the SEC on October 7, 2026. The filing includes periodic financial reports and exhibits. Investors can access the document for detailed financial information.

Costco plans to open 33 new warehouses in fiscal 2027, including one in Central Massachusetts. CEO Ron Vachris announced the expansion during an earnings call, with locations in the U.S., Canada, Mexico, and Europe. The company aims for 30 net new warehouses annually, with some being relocations. Specific U.S. locations are expected to be announced closer to opening.

Costco reported strong fiscal Q4 results, with revenue up 11% to $95.7B and EPS up 12% to $6.60. U.S. same-store sales rose 7.2%, outpacing Walmart and Target. Digital sales surged nearly 20%, and membership revenue increased 8%. Costco trades at a forward P/E of 41, which some consider high.

Costco reported fiscal year revenue of $303.2B, up 10.1%, with Q4 revenue at $95.7B, up 11.1%. Net income rose 15.2% to $3.0B in Q4 and 13.9% to $9.2B for the year. Membership grew to 84.1M, with strong renewal rates. The company opened 25 new warehouses and expects 28 more by fiscal 2027. Costco saved members $3.2B on gasoline and saw digital sales up 20%.