Costco pulled back the curtain on its real-estate empire as it announced fourth-quarter earnings on Thursday while marking two milestone anniversaries—the 40th year of its famously inflation-proof $1.50 hot dog-and-soda combo and Kirkland Signature ’s 30th birthday.

The Issaquah, Washington-based wholesaling giant’s expansion remains robust. In the fourth quarter alone, Costco opened 10 new warehouses, and it opened 27 over the full year, including three relocations, for a global total of 914.

CEO Ron Vachris told analysts on the earnings call that the company plans to open 35 warehouses in 2026, including five relocations, adding: “We continue to see significant opportunities for expansion both domestically and internationally across the markets where we currently operate.”

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