UPDATE—Sept. 25, 2024: This article has been updated to reflect more recent analyst estimates and share price information.

Costco Wholesale (COST) reports fiscal 2024 fourth-quarter earnings after the closing bell Thursday, the warehouse retailer's first report since raising its membership price for the first time in seven years.

Costco is projected to report $2.27 billion in 澳洲幸运5官方开奖结果体彩网:net income on just shy of $79.96 billion in revenue, up from $2.2 billion and $78.9 billion, respectively, a year earlier, according to consensus estimates of analysts compiled by Visible Alpha.

Key Metric: Digital Sales Growth

Costco's leadership has signaled plans to catch up to rivals who have a larger share of digital sales, as the retailer has lagged in online shopping, Morgan Stanley analysts wrote earlier this month.

In 澳洲幸运5官方开奖结果体彩网:last quarter's earnings call, Costco leadership said e-commerce sales grew more than 20% year-over-year as the company has sought to improve its website and app shopping experiences. Costco has 澳洲幸运5官方开奖结果体彩网:worked to make its app faster, and added features like searching the inventory of a nearby warehouse to see if it has a partic❀ular item in stock.

Morgan Stanley analysts recently raised their 澳洲幸运5官方开奖结果体彩网:price target for Costco shares to $950 from $855, calling it "among the best compounding growth stories in retail," andꦑ said they believe Costco's next decade could see digital growth and comparable store sales grow at a higher rate tha﷽n it averaged before the pandemic.

Business Spotlight: New Membership Fees

Costco 澳洲幸运5官方开奖结果体彩网:announced in July that it would raise its membership fees for the 澳洲幸运5官方开奖结果体彩网:first time in seven years, effective 🎉Sept. 1. The changes won't have an impact on fourth-quarter earnings, but executives may get asked on the earnings call about if they've seen any changes in signups or renewals since the new prices were implemented.

The retailer is projected to🀅 reach 75 million membꦡers in the quarter, up from 71 million a year ago and 74.5 million members in Q3.

Costco shꦜares have gained more than 36🦹% since the start of the year.