Costco Wholesale stock rises before September 24 earnings

Costco Wholesale Corporation (US22160K1051) closed at USD 898.48 on Nasdaq on September 21, 2026, up 0.35 percent from the previous close. The next earnings release is scheduled for September 24, 2026, giving the upcoming fiscal fourth-quarter report a direct test of Costco's premium valuation.

Sales growth sets the test

Costco's fiscal 2026 net sales reached USD 297.3 billion, up 10.2 percent from the prior fiscal year, according to The Independent on September 21, 2026. The reported growth provides the latest full-year operating comparison, while the September quarter will show whether that pace carried into the new fiscal year.

Digital comparable sales rose 20.7 percent in the most recent reported period, while fourth-quarter net sales were reported at USD 93.9 billion, up 11.3 percent year over year, according to WebProNews on September 21, 2026. Those figures make digital demand and comparable sales important indicators for the earnings release.

Analyst target stays above price

Evercore ISI reiterated an Outperform rating and a USD 1,100 price target on September 22, 2026, ahead of the earnings report, according to Investing.com. The target stands USD 201.52 above the September 21 closing price, but the estimate also assumes continued earnings expansion at a demanding valuation.

Consensus estimates cited by Investing.com on September 22, 2026, call for fiscal fourth-quarter revenue of USD 94.85 billion and earnings per share of USD 6.55. The same report said EPS estimates fell 0.51 percent over 30 days while revenue estimates rose 0.26 percent, pointing to profitability and margin execution as the sharper earnings question.

Delivery expands the retail reach

Costco expanded same-day delivery through DoorDash across its U.S. warehouse network on September 22, 2026, according to Retail Dive. The launch covers nearly 630 locations and follows an expansion of Costco's Uber Eats relationship to nearly 600 locations, adding convenience while increasing the importance of delivery economics and member engagement.

The principal counter-factor is valuation sensitivity. The September 22, 2026 analysis from Investing.com described retail margins as structurally thin and identified membership growth, renewal trends and margin resilience as key conditions for the premium multiple.

Costco stock holds near USD 900

Costco Wholesale stock closed at USD 898.48 on Nasdaq on September 21, 2026, with a 52-week range of USD 844.06 to USD 1,096.50 and an intraday market capitalization of USD 398.581 billion, according to the quoted market data. The shares therefore remained USD 198.02 below the 52-week high, while the September 24 results provide the next dated operating checkpoint.

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