Costco's U.S. and global membership renewal rates have stabilized after sliding a few quarters ago, Mizuho analyst David Bellinger writes in a note, citing a meeting with company leadership. Costco had anticipated larger declines in the first and second quarters, but the analyst says the company has succeeded in reversing the trend and flattening out renewal rates ahead of schedule. "Member sign-ups shifting younger has added some structural volatility into renewal, and we believe that's what has been showing up in the slightly weaker rates over the past year," the analyst says. "Management is not expecting another step-down," he adds.(amira.mckee@wsj.com)
Costco Wholesale Corporation specializes in the distribution of products and services at discount prices (food, sports equipment, household appliances, books, toys, jewelry, TVs, cameras, photo developing and printing services, etc.). The group develops its activity through a network of warehouse stores opened to individuals or companies who have paid a subscription fee. Net sales break down by revenue source as follows:
- sales of products (98.1%);
- sales of subscriptions (1.9%).
As of 31/08/2025, Costco Wholesale Corporation had a network of 914 warehouse stores located in the United States and Puerto Rico (629), Canada (110), Mexico (42), Japan (37), the United Kingdom (29), Korea (20), Australia (15), Taiwan (14), China (7), Spain (5), France (2), Sweden (2), New Zealand and Iceland.
Net sales are distributed geographically as follows: the United States (72.7%), Canada (13.4%) and other (13.9%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
