Costco Exec Says We Received $184 Million In IEEPA Tariff Refunds In Q4 - Conf Call

Sept 24 (Reuters) - Costco Wholesale Corp COST.O:

• COSTCO EXEC SAYS WE RECEIVED $184 MILLION IN IEEPA TARIFF REFUNDS IN THE Q4 - CONF CALL

• COSTCO EXEC - IN Q1 OF FY2027, WE HAVE ALREADY RECEIVED SIMILAR AMOUNT OF REFUNDS AS WE DID IN Q4

• COSTCO EXEC - SAW INCREASE IN NON-FOODS INFLATION DURING Q4, PREDOMINANTLY DUE TO MEMORY COSTS IN CONSUMER ELECTRONICS, GAS & PETROLEUM-BASED ITEMS

• COSTCO EXEC - TRAFFIC TEAMS ARE WORKING THROUGH MINOR SHIPPING DISRUPTIONS DUE TO RECENT TYPHOONS IN ASIA AND PANAMA CANAL DELAYS DUE TO EL NINO

• COSTCO EXEC - BEYOND FY2027, WE WOULD EXPECT TO SEE SLOWING IN RATE OF CAPITAL EXPENDITURE GROWTH