Overview
- Net sales rose just over 8% to just under $66 billion in fiscal Q1 2026, and earnings beat expectations.
- Shares are down roughly 6% year to date in 2025 despite consistent operational performance.
- The stock trades near 46 times earnings, a premium that analysts say could limit gains into next year.
- Global renewal rate slipped to 89.7% after the rollout of online registration and a higher mix of promotional members, from about 90.2% previously.
- E-commerce remains a bright spot, up 20.5% year over year in fiscal Q4, though a recent analyst downgrade weighed on the stock after the latest report.