During a conference call to discuss the company's earnings on Thursday, Chief Financial Officer Richard Galanti stated that Costco Wholesale aims to open a net of 24 shops this fiscal year.
Nine Costco wholesale locations will open abroad, while 15 will open in the US.
There will be three "relocations" among the 27 new Costco Store openings.
847 shops are operated by Costco worldwide.
In the first three months of Costco's fiscal year, which started on September 1, seven of those stores opened.
The first Costco location to open in New Zealand was one of those new stores.
The first Costco location in Sweden was located in a different location.
Nine of those 24 net stores—including the third and fourth Costco locations in China—will open abroad.
The US will get 15 more Costco wholesale stores.