Costco Wholesale Corporation Earnings Recaps
Q3 2026
May 30, 2026
Costco's shares fell 4.7% after the quarter as investors reacted negatively to a guidance reduction and deceleration in warehouse openings, signaling caution on growth momentum despite solid top-line and profit gains.
Key takeaways
- Net income rose 15% year-over-year to $2.192 billion ($4.93 per share), supported by an 11.6% increase in net sales to $69.15 billion.
- Comparable sales growth was 9.8%, or 6.6% excluding gas price inflation and foreign exchange effects, reflecting underlying sales strength.
- Digital sales showed significant acceleration with digitally enabled comparable sales up 21.5%, underscoring ongoing e-commerce traction.
- The company lowered its warehouse opening target for fiscal 2026 to 26 net new stores, down two from prior guidance, postponing openings into fiscal 2027.
- Despite record gas volume driven by supply disruptions and price sensitivity, management flagged macro uncertainties and tariff impacts, contributing to a more cautious outlook.
Q2 2026
Mar 6, 2026
Costco Wholesale Corporation reported strong financial performance for the second quarter of fiscal 2026, achieving a nearly 14% increase in net income year-over-year and a robust 9.1% growth in net sales.
Key takeaways
- Net income reached $2.035 billion, or $4.58 per diluted share, up from $1.788 billion in the prior year.
- Total net sales were $68.24 billion, fueled by a 7.4% increase in comparable sales, which rose to 22.6% for digitally-enabled sales.
- Membership fee income climbed to $1.355 billion, marking a 13.6% increase due to both base growth and a fee adjustment.
- The company opened 4 new warehouses, raising the total to 924 and targeting 30+ openings annually in the coming years.
- Positive operational enhancements include improved checkout speed and member engagement through digital personalization.