Costco Wholesale Corp COST announced fourth-quarter financial results after the market closed on Thursday. Here’s a look at the quarter’s key numbers.

Result Q4: Costco reported fourth-quarter revenue of $79.697 billion, missing the consensus estimate of $79.973 billion. According to Benzinga Pro, the membership-based retailer reported quarterly profit of $5.29 per share, beating analyst estimates of $5.08 per share.

Fourth-quarter comparable sales increased 5.3% in the U.S., 5.5% in Canada and 5.7% in the Other Foreign segment. Total sales increased 5.4% year-over-year and total e-commerce sales increased 18.9%. Reported numbers have been adjusted to reflect total weeks in the quarter.

Costco’s fourth quarter this year covered a 16-week period, compared to 17 weeks in the fourth quarter of 2023.

Membership contributions were $1.512 billion, up from $1.509 billion in the year-ago quarter. Costco announced in July that it was increasing the price of its annual store membership by $5. The increase in membership fees came into effect on September 1st.

Costco said it now operates 891 warehouses. The company said it ended the quarter with $9.906 billion in cash and cash equivalents.

Management will host a conference call with investors and analysts to discuss these results at 5:00 p.m. ET.

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COST price promotion: According to Benzinga Pro, Costco shares fell 1.10% in after-hours trading and were trading at around $891.50 at the time of publication on Thursday.

Photo: Wikimedia Commons.