Costco Wholesale's (COST) net new warehouse openings in fiscal 2026 are set to be below its previous guidance, according to the firm's earnings conference call late Thursday.

"We currently expect to have 26 net new openings in fiscal year 2026, down two buildings from the prior call," Chief Executive Roland Vachris said at the call. The two buildings are now set to open in fiscal 2027, he added.

The firm is targeting 30-plus net new openings per year in the coming years, continuing to focus on growing its pipeline of new warehouses domestically and internationally, Chief Executive Roland Vachris said at the call.

In fiscal Q3, Costco opened four net new warehouses, including three in the US and one in Canada, bringing the firm's warehouse count to 928 globally.

Costco's capital expenditure in fiscal Q3 stood at $1.41 billion, Chief Financial Officer Gary Millerchip said at the call.

The company estimates its full-year capex will be about $6.5 billion, "as we continue to invest in building a larger pipeline of new warehouses, remodeling our existing warehouses to drive continued growth in high-volume buildings, expanding our depot network to support operational efficiency, and enhancing the member digital experience," Millerchip said.

Costco is seeing a "continuation" of trends that have been in place for the last year or so, with members being "very willing and having the capacity to spend, but have very high expectations around quality, value, and newness," Millerchip added.