Earnings Call
May 28, 2026
Q2 FY2026
EPS Estimate
4.98
EPS Actual
4.58
Post-Earnings Close
$956.32
Earnings Reaction
-3.9%
Costco's fiscal second quarter 2026 results confirmed the durability of the warehouse club model under genuinely complex operating conditions. Net income rose nearly 14% year-over-year to $2.035 billion, or $4.58 per diluted share, against a consensus estimate of roughly $4.55, while net sales of $68.24 billion grew 9.1% and comparable sales advanced 7.4%, or 6.7% adjusted for gas price deflation and foreign exchange. Traffic rose 3.1% worldwide, average ticket was up 4.2%, and digitally-enabled comparable sales surged 22.6% (21.7% FX-adjusted), with site traffic up 32% and app traffic up 45%. These are not the numbers of a retailer struggling to hold share; they reflect a business that continues to take it.
Report generated on May 27, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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