Costco Wholesale Corporation's international operations are becoming a more significant growth driver, with Other International comparable sales rising 11.2% in the third quarter of fiscal 2026, outpacing the U.S. at 9.4% and Canada at 10.7%. Excluding gasoline and foreign-exchange effects, Other International comps increased 5.9%, slightly below the U.S. and Canada. Over the first 48 weeks, Other International comps advanced 9.8%, with adjusted growth of 6.5%, close to the U.S. rate. Management sees strong expansion potential in China, Korea, Japan, Taiwan, Spain, France, and the U.K., and has launched Executive Membership in China with early adoption exceeding expectations. Costco's shares have risen 9.6% year to date, and its forward P/E of 42.00 is above the industry's 29.38 but below its 12-month median. The Zacks Consensus Estimate projects sales and earnings growth of 9.7% and 13.5% for the current fiscal year, with next year's estimates at 7.8% and 10.2%.
Costco Wholesale CorpInternational comps up 11.2%, with strong growth in China and other markets, indicating robust demand.
Target Corporation