Costco Emerges as Growth Pick on 89.7% Renewal Rate and 19 New U.S. Warehouses
Updated
Updated · Yahoo Finance · Aug 23
Costco Emerges as Growth Pick on 89.7% Renewal Rate and 19 New U.S. Warehouses
2 articles · Updated · Yahoo Finance · Aug 23
Summary
Costco is being cast as a growth stock despite its mature-retailer image, with the bullish case centered on unusually sticky memberships and room to keep expanding revenue.
89.7% global renewal and 92.2% North America renewal rates underpin that view, while paid memberships rose 4.1% to 82.9 million in fiscal third quarter 2026.
Fiscal 2026 plans call for U.S. warehouse count to rise to 648 from 629, plus five more stores in Canada and two additional international locations.
International growth remains the longer-term upside: Costco ended fiscal 2025 with 110 warehouses in Canada and 175 elsewhere internationally, and CEO Ron Vachris sees very strong expansion over the next five to 10 years.