"Costco's Q4 Earnings Soar as High Gas Prices Drive Sales and Foot Traffic"

Costco is expected to report its Q4 earnings, with analysts predicting adjusted earnings per share of $4.76 and revenue of nearly $77.6 billion. High gas prices have likely attracted consumers to Costco's cheap fuel, leading to increased foot traffic in stores. Visits to Costco have seen a rise compared to last year, while overall visits to wholesale clubs and superstores have dropped. E-commerce sales are expected to grow by 5%, and investors will be watching for any announcements regarding a potential increase in membership fees. Costco stock has been performing well, with shares up 2.3% in the last month and 22% year to date.