Costco Q4 profit up, helped by one-time IEEPA tariff refund
COST•Costco reported fiscal Q4 net income of $3 billion and diluted EPS of $6.75, both aided by a one-time IEEPA tariff refund. Net sales rose 11.2% year over year to $93.87 billion, while adjusted comparable sales grew 6.7%.
1. Quarterly results
Costco reported fiscal Q4 net sales of $93.87 billion, total revenue of $95.72 billion, net income of $3 billion and diluted EPS of $6.75. Adjusted comparable sales grew 6.7%.
2. Sales drivers
Digitally enabled sales grew 19.5% in Q4, outpacing total company sales growth. Net income and EPS benefited from a one-time IEEPA tariff refund, partially offset by reinvestment in member value.
3. Company outlook
Costco did not provide specific financial guidance or an outlook for the upcoming quarter or year.
