1. Costco's net sales rose 8% in Q4 to $84.4 billion. 2. Expansion of exclusive hours contributed an estimated 1% increase in weekly US sales. 3. Costco opened 10 new warehouses, growing to 914 locations worldwide. 4. Membership growth reached 81 million, with a 6.3% year-over-year increase. 5. Renewal rates remain high at 92.3% in the US and Canada.
Costco's increasing sales, membership growth, and expansion indicate strong market performance, similar to past patterns where new locations boosted sales growth. Historically, such performance metrics have prompted positive stock reactions.
The significant sales growth, successful member initiatives, and ambitious expansion plans indicate a healthy trajectory for Costco, likely impacting investor sentiment positively.
The continued expansion plans and sustained membership growth will likely support long-term revenue growth and stability, as seen in previous expansions leading to sustained performance improvements.