Overview

• Fiscal Q4 beat expectations with adjusted comparable sales up 6.3%, e‑commerce up about 13.5%, and EPS of $5.87 topping the LSEG consensus.
• Membership‑fee revenue rose 14% to $1.72 billion, with paid households reaching about 81 million and executive memberships climbing to 38.7 million, accounting for 74.2% of sales.
• Digital engagement improved as the company targeted younger members and rolled out app upgrades including better search and password‑less sign‑in.
• Management continued to offset tariff pressures through sourcing adjustments and expanded Kirkland Signature offerings to hold retail prices down.
• The chain operates 914 warehouses after opening 24 in fiscal 2025 and plans to accelerate to roughly 35 openings in 2026.