Costco Misses Q4 Revenue Estimates Despite EPS Beat

Cautious consumer spending and lower gasoline prices impact Costco's quarterly performance.

Costco reported fourth-quarter revenue of $79.70 billion, falling short of the $79.97 billion analyst estimate.
Quarterly earnings per share (EPS) were $5.29, exceeding the $5.08 analyst expectation.
Comparable sales increased 5.4%, with U.S. sales up 5.3%, Canada up 5.5%, and international up 5.7%.
Lower gasoline prices and cautious spending on big-ticket items like furniture and electronics affected sales.
Costco raised its annual membership fees in July, with the new rates effective from September 1.