Earnings summaries and quarterly performance for COSTCO WHOLESALE CORP /NEW.
Research analysts who have asked questions during COSTCO WHOLESALE CORP /NEW earnings calls.
CH
Christopher Horvers
JPMorgan Chase & Co.
10 questions for COST
Also covers: AAP, ASO, AZO +17 more
Gregory Melich
Evercore ISI
10 questions for COST
Also covers: AAP, ASO, AZO +8 more
John Heinbockel
Guggenheim Partners
10 questions for COST
Also covers: ACI, ASO, DG +14 more
Kelly Bania
BMO Capital Markets
10 questions for COST
Also covers: ACI, ARKO, CASY +11 more
RP
Rupesh Parikh
Oppenheimer & Co. Inc.
10 questions for COST
Also covers: ACI, BJ, CHD +16 more
SG
Simeon Gutman
Morgan Stanley
10 questions for COST
Also covers: AAP, ACI, ARHS +32 more
ML
Michael Lasser
UBS
9 questions for COST
Also covers: AAP, ASO, AZO +24 more
Zhihan Ma
Bernstein
9 questions for COST
Also covers: DG, DLTR, HD +3 more
Peter Benedict
Robert W. Baird & Co.
8 questions for COST
Also covers: ARHS, BJ, COOK +9 more
Chuck Grom
Gordon Haskett Research Advisors
7 questions for COST
Also covers: BJ, CASY, DG +11 more
Edward Kelly
Wells Fargo
7 questions for COST
Also covers: ACI, BJ, DG +11 more
OC
Oliver Chen
TD Cowen
7 questions for COST
Also covers: BJ, BRLT, COTY +21 more
SC
Scot Ciccarelli
Truist Securities
7 questions for COST
Also covers: AAP, AZO, BBY +12 more
KM
Kate McShane
Goldman Sachs
4 questions for COST
Also covers: ASO, AZO, BBWI +19 more
Charles Grom
Gordon Haskett Research Advisors
3 questions for COST
Also covers: BJ, CASY, DG +13 more
Steven Zaccone
Citigroup
3 questions for COST
Also covers: AAP, AZO, BBY +14 more
David Bellinger
Mizuho Securities USA LLC
2 questions for COST
Also covers: AZO, CHWY, FIVE +11 more
KS
Karen Short
Melius Research
2 questions for COST
Also covers: ACI, BBY, DG +9 more
MB
Michael Baker
D.A. Davidson & Co.
2 questions for COST
Also covers: AAP, AMRK, AZO +17 more
RO
Robert Ohmes
Bank of America
2 questions for COST
Also covers: ACI, ARHS, ASO +17 more
SZ
Shervin Zand
Truist Securities
2 questions for COST
Spencer Hanus
Wolfe Research
2 questions for COST
Also covers: DG, FIVE, GTBIF +2 more
Brandon Cheatham
Citigroup
1 question for COST
Also covers: GIL, HBI, OLLI +1 more
CC
Charles Cerankosky
Northcoast Research
1 question for COST
Also covers: ACI, CASY, KR +5 more
Corey Tarlowe
Jefferies
1 question for COST
Also covers: AEO, ANF, BOOT +14 more
JF
Joseph Feldman
Telsey Advisory Group
1 question for COST
Also covers: ACI, BBY, COOK +9 more
LC
Laura Champine
Loop Capital Markets LLC
1 question for COST
Also covers: BMBL, CAL, CROX +7 more
Scott Mushkin
R5 Capital
1 question for COST
Also covers: ACI, NGVC, SFM +2 more
Recent press releases and 8-K filings for COST.
Costco downgraded to Sell by Roth Capital
COST
Demand Weakening
- Roth Capital downgraded Costco from Neutral to Sell, cutting its price target to $769 (from $906) amid concerns over slowing growth.
- Membership metrics showed deceleration: global renewal rates dropped to 89.7%, paid member additions fell to about 400,000 per quarter (down from over 1 million), and comparable traffic growth eased to 3.1% year-over-year.
- Costco now operates roughly 910 warehouses, serving over 80 million members, with revenue weighted 73% in the US, 13% in Canada, and 14% internationally.
- Despite Roth’s bearish view, firms like Telsey Advisory, Bernstein, Goldman Sachs and others retain Outperform/Buy ratings with price targets of $1,000–$1,175, citing long-term upside from AI and automation investments.
8 days ago
Costco reports Q1 FY2026 results
COST
Earnings
New Projects/Investments
- Net income of $2.001 billion or $4.50 EPS, up from $1.798 billion or $4.04 EPS; adjusted EPS and net income grew 13.6% excluding discrete tax items.
- Net sales of $65.98 billion, +8.2% YoY; comparable sales +6.4% (7.1% ex-gas/FX); digitally enabled comps +20.5%.
- Membership fee income of $1.329 billion, +14%; paid members reached 81.4 million (+5.2%), including 39.7 million executive (+9.1%).
- Opened 8 new warehouses, bringing total to 921 globally; plans for 30+ net new openings annually and 5 relocations in FY2026.
- Advanced digital initiatives, launching personalization features and AI-driven pharmacy inventory (in-stocks >98%); site traffic +24%, app traffic +48%.
Dec 11, 2025, 10:00 PM
Costco announces Q1 2026 results
COST
Earnings
- Reported Q1 FY2026 net income of $2.001 billion, or $4.50 diluted EPS, versus $1.798 billion ($4.04) last year; excluding discrete tax items, EPS grew 13.6% year-over-year.
- Net sales of $65.98 billion, up 8.2% from $60.99 billion; comparable sales rose 6.4%, and digitally enabled comps increased 20.5%.
- Membership fee income of $1.329 billion (+14%); total paid members 81.4 million (+5.2%), executive members 39.7 million (+9.1%), with renewal rates at 92.2% in U.S./Canada and 89.7% worldwide.
- Deployed AI-driven personalization on digital channels and integrated AI into pharmacy inventory, boosting recommendation-driven sales and achieving over 98% in-stock rates.
Dec 11, 2025, 10:00 PM
Costco reports Q1 2026 results
COST
Earnings
- EPS and sales growth: Q1 net income of $2.001 B ($4.50/diluted share), up from $1.798 B ($4.04), with net sales of $65.98 B (+8.2%) and comparable sales +6.4%
- Membership momentum: membership fee income rose 14% to $1.329 B, total paid members 81.4 M (+5.2%), executives 39.7 M (+9.1%); U.S./Canada renewal rate 92.2%
- Warehouse expansion & capex outlook: opened 8 new warehouses (total 921); maintain plan for 30+ net openings annually despite revising FY 2026 net new openings to 28; Q1 capex $1.53 B, full-year guidance ≈$6.5 B
- Digital & AI integration: digitally enabled comparable sales 20.5%, website traffic +24%, app traffic +48%; AI-driven pharmacy inventory achieved >98% in-stock rate and mid-teen script growth
Dec 11, 2025, 10:00 PM
Costco announces Q1 FY2026 results
COST
Earnings
- Net sales reached $66.0 B, up 8.2%, with comparable sales growth of 6.4%
- Net income was $2.00 B (+11.3%) and diluted EPS was $4.50 (+11.4%); gross margin improved 4 bps to 11.32%
- Membership income grew 14.0%, paid memberships rose to 81.4 M (+5.2%), with a worldwide renewal rate of 89.7%
- Digitally-enabled comparable sales surged 20.5%, ecommerce site traffic rose 24% and average order value increased 13%
Dec 11, 2025, 10:00 PM
Costco reports Q1 FY2026 operating results
COST
Earnings
- Net sales rose 8.2% to $65.98 billion and comparable sales climbed 6.4% in Q1 FY2026.
- Net income was $2.00 billion (+11.3%) with diluted EPS of $4.50 (+11.4%), including a $72 million tax benefit.
- Digitally-enabled comparable sales increased 20.5% year-over-year.
- Costco operates 923 warehouses globally, including 633 in the U.S. and Puerto Rico.
Dec 11, 2025, 9:22 PM
Costco announces Q1 FY2026 results
COST
Earnings
- Net sales of $65.98 billion, up 8.2% year-over-year.
- Comparable sales increased 6.4% companywide (U.S. +5.9%, Canada +6.5%, Other International +8.8%).
- Net income of $2.001 billion, or $4.50 diluted EPS, versus $1.798 billion, $4.04 in Q1 FY2025.
- Operating 923 warehouses globally, including 633 in the U.S. and Puerto Rico and 114 in Canada.
Dec 11, 2025, 9:15 PM
COST
Revenue Acceleration/Inflection
Legal Proceedings
- Costco posted November net sales of $23.64 billion, up 8.1% year-over-year, and fiscal Q1 net sales of $65.98 billion, an 8.2% increase.
- Four-week comparable sales rose 6.9% companywide (U.S. +6.0%, Canada +6.9%, Other International +11.4%); excluding gas and FX effects, comps were +6.4%.
- Digitally enabled sales climbed 16.6% for the four-week period and 20.5% for the quarter.
- Despite gains, Costco’s stock is negative for 2025 amid signs of U.S. sales deceleration; Telsey Advisory Group maintains an Outperform rating with a $1,100 target.
- The company joined a consortium suing the U.S. government for tariff refunds; market capitalization is about $408 billion with a trailing P/E near 50.7.
Dec 4, 2025, 12:06 AM
Costco reports November 2025 monthly sales results
COST
Revenue Acceleration/Inflection
- Net sales in November 2025 were $23.64 billion, up 8.1% from $21.87 billion a year ago.
- Total company comparable sales rose 6.9%, with U.S. +6.0%, Canada +6.9%, other international +11.4%, and digitally enabled +16.6%.
- Excluding gas sales and foreign exchange, total comparable sales were +7.0%, digital comps +16.3%, and comparable traffic up 3.8% globally (U.S. +3.0%).
- FX contributed +0.4% to comps; gas price inflation added 10 bps; average gas price per gallon rose 0.6%; and key categories saw mid-to-high single-digit comps, with ancillary business up high single digits.
Dec 3, 2025, 9:00 PM
Costco reports November 2025 monthly sales update
COST
- Net sales were $23.64 billion, up 8.1% year-over-year.
- Total company comparable sales rose 6.9%, driven by 6.0% in the US, 6.9% in Canada and 11.4% in other international markets; digitally enabled sales increased 16.6%.
- Excluding gasoline and foreign exchange, comparable sales increased 7.0% and comp traffic grew 3.8% worldwide.
- Strongest US regional comps were in the Northeast, Midwest and Southeast; Australia, Taiwan and the UK led performance in other international markets.
- The December reporting period will span five weeks (Dec 1 – Jan 4 2026 vs. Dec 2 – Jan 5 2025).
Dec 3, 2025, 9:00 PM
Quarterly earnings call transcripts for COSTCO WHOLESALE CORP /NEW.
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