COSTCO WHOLESALE CORP /NEW (COST) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for COSTCO WHOLESALE CORP /NEW.

Analyst Coverage

Research analysts who have asked questions during COSTCO WHOLESALE CORP /NEW earnings calls.

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

Rupesh Parikh

Oppenheimer & Co. Inc.

10 questions for COST

Also covers: ACI, BJ, CHD +16 more

Simeon Gutman

Morgan Stanley

10 questions for COST

Also covers: AAP, ACI, ARHS +32 more

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

Oliver Chen

TD Cowen

7 questions for COST

Also covers: BJ, BRLT, COTY +21 more

Scot Ciccarelli

Truist Securities

7 questions for COST

Also covers: AAP, AZO, BBY +12 more

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

Karen Short

Melius Research

2 questions for COST

Also covers: ACI, BBY, DG +9 more

Michael Baker

D.A. Davidson & Co.

2 questions for COST

Also covers: AAP, AMRK, AZO +18 more

Robert Ohmes

Bank of America

2 questions for COST

Also covers: ACI, ARHS, ASO +17 more

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

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

Joseph Feldman

Telsey Advisory Group

1 question for COST

Also covers: ACI, BBY, COOK +9 more

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, MZTI, NGVC +3 more

Latest news

Recent press releases and 8-K filings for COST.

Costco reports January 2026 sales results

COST

Revenue Acceleration/Inflection

Costco reported net sales of $21.33 billion for the four weeks ended February 1, 2026, a 9.3% increase from $19.51 billion a year ago.
Net sales for the first 22 weeks were $123.16 billion, up 8.5% from $113.55 billion in the prior‐year period.
Total‐company comparable sales rose 7.1% for the 4‐week period and 6.6% for 22 weeks; excluding gasoline and foreign‐exchange impacts, comps were 6.4% and 6.3%, respectively.
The shift in Lunar and Chinese New Year timing is estimated to have reduced January Other International sales by 4.0% and total‐company sales by 0.5%.

20 hours ago

Press Release

Costco reports January sales results

COST

Revenue Acceleration/Inflection

Net sales for the four-week January period reached $21.33 billion, up 9.3% year-over-year.
Reported comparable sales rose 7.1% company-wide (U.S. 5.8%, Canada 11.4%, other international 9.5%, digitally enabled 34.4%).
Excluding gasoline and foreign-exchange impacts, comparable sales increased 7.3%; on a like-for-like basis (only FX excluded) comps were 6.4%.
Worldwide traffic/frequency grew 2.4%, with FX contributing +1.7% and gasoline price deflation subtracting 1.0% from reported comps.

20 hours ago

Transcript

Costco Wholesale reports January 2026 sales update

COST

Net sales of $21.33 billion, up 9.3% year-over-year
Total company reported comparable sales grew 7.1%; U.S. comps +5.8%, Canada +11.4%, other international +9.5%, digitally enabled +34.4%
Excluding gasoline and FX, total comps +6.4%; U.S. +6.8%, Canada +8.2%, other international +2.7%
Worldwide traffic rose 2.4%, U.S. traffic +2.2%; average transaction value +4.6% (ex-gas/FX +3.9%)
Category highlights: foods & sundries mid-single digit comps, non-foods low-double digits, ancillary low-to-mid single digits; gas comps down mid-to-high single digits

21 hours ago

Transcript

Costco reports January monthly sales

COST

Revenue Acceleration/Inflection

Net sales for the four-week period ended February 1 were $21.33 billion, up 9.3% year-over-year.
Reported comparable sales: U.S. +5.8%, Canada +11.4%, other international +9.5%, total company +7.1%, digitally enabled +34.4%; excluding gas price and FX impacts, total comp +6.4% and excluding all gas sales +7.3%.
Traffic and pricing: comp transactions up 2.4% globally (2.2% U.S.); FX added ~1.7% to comps, while gas deflation subtracted ~100 bps; average transaction value rose 4.6% (3.9% ex-gas/FX).
Merchandise categories: foods & sundries and fresh foods both up mid-single digits; non-foods up low-double digits; ancillary businesses up low- to mid-single digits; gas comps down mid-to-high-single digits; cannibalization impact ~–60 bps.

21 hours ago

Transcript

Costco holds 2026 Annual Meeting with board reelection and expansion plans outlined

COST

Proxy Vote Outcomes

Board Change

New Projects/Investments

All current directors and new nominee Gina Raimondo were reelected with 94 %–99 % of votes in favor.
Shareholders ratified KPMG as auditor with >95 % support and approved executive compensation in an advisory vote with 88 % support.
A shareholder proposal on reporting financial risks of climate commitments was rejected by 98 % of votes against.
CEO Ron Vachris announced 20+ new EV charging locations added in FY 2026 and 30 planned warehouse openings in FY 2027, with no immediate plans for a stock split or special dividend.

Jan 15, 2026, 10:00 PM

Transcript

Costco holds FY2026 Annual Meeting of Shareholders

COST

Proxy Vote Outcomes

New Projects/Investments

All directors, including new nominee Gina Raimondo, were reelected with 94–99% of votes; shareholders also ratified KPMG as auditor (>95%), approved executive compensation (88%), and rejected a climate-risk reporting proposal by >98%.
CEO Ron Vachris highlighted key operational initiatives: over 20 new EV charging sites installed, self-checkout available for >10 years, and 4 freestanding gas stations in development; 30 warehouses planned in FY 2027 across infill, new domestic and international markets.
Costco’s Scope 3 reduction targets remain voluntary (no business imperatives), and the company will continue selling reformulated Roundup without glyphosate while maintaining product availability.
No immediate plans for a stock split or special dividend, return to in-person AGMs, or expansion into South America/India; pursuing a Delaware site despite local rezoning setbacks and no feasible location yet identified in Wyoming.

Jan 15, 2026, 10:00 PM

Transcript

Costco reports December sales results

COST

Revenue Acceleration/Inflection

Costco reported net sales of $29.86 billion for the five weeks ended January 4, 2026, an 8.5% increase from last year.
For the first eighteen weeks, Costco recorded net sales of $101.83 billion, up 8.3% year-over-year.
Total company comparable sales rose 7.0% over five weeks and 6.6% over eighteen weeks.
Digitally-enabled sales increased 18.9% in the five-week period and 19.6% over eighteen weeks.
Costco operates 923 warehouses worldwide, including 633 in the U.S..

Jan 7, 2026, 9:15 PM

Press Release

Costco reports December 2025 monthly sales update

COST

Costco recorded net sales of $29.86 billion, up 8.5% year-over-year for the five-week period ending January 4, 2026.
Total company comparable sales increased 7.0% (or 6.2% excluding gas and FX impacts), with U.S. comps up 6.0%, Canada 8.4%, and other international 10.6%.
Digitally enabled sales surged 18.9% (or 18.3% excluding gas and FX), while worldwide transaction size grew 4.2%.
Gas deflation and FX had mixed effects, reducing comp sales by 40 bps from gas and adding 1.2% from foreign exchange.

Jan 7, 2026, 9:00 PM

Transcript

Costco reports December 2025 monthly sales

COST

Revenue Acceleration/Inflection

Net sales of $29.86 billion, up 8.5% year-over-year for the five-week December period.
Total company comparable sales rose 7.0% (US +6.0%, Canada +8.4%, other international +10.6%), with digitally enabled comps up 18.9%.
Excluding gasoline prices and foreign exchange, total comparable sales increased 6.2%, and excluding all gas sales they were 6.9%.
Comparable transactions grew 2.7% worldwide, and average transaction value rose 4.2% (or 3.4% excluding gas and FX).
January 2026 four-week reporting period will run Jan 5–Feb 1 versus Jan 6–Feb 2, 2025.

Jan 7, 2026, 9:00 PM

Transcript

Costco reports December 2025 monthly sales update

COST

Net sales for the five-week period ending January 4 were $29.86 billion, up 8.5% year-over-year
Total company comparable sales rose 7.0%, with digitally enabled comps up 18.9%; excluding gas and FX, total comps increased 6.2%
Average transaction value grew 4.2% (or 3.4% ex-gas and FX), and traffic was up 2.7% globally (2.4% in the US)
Foreign exchange added 1.2% to comps, while gas price deflation reduced them by 40 bps