Costco 8-K
PositiveEarnings
Digitally enabled sales led adjusted comp growth; later Lunar New Year timing boosted February Other International sales.
Filed 2026-03-05 16:19 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q2 FY2026 and 24-week results, plus February sales. Net sales and net income increased year over year, with adjusted comparable sales growth led by digitally enabled sales. The later Lunar and Chinese New Year timing boosted February Other International and total company sales by approximately 4.0% and 0.5%, respectively.
Key Figures
| Metric | Q2 FY2026 | Q2 FY2025 | Y/Y |
|---|---|---|---|
| Net sales | $68.2B | $62.5B | +9.1% |
| Operating income | $2.61B | $2.32B | +12.5% |
| Net income | $2.04B | $1.79B | +13.8% |
| Diluted EPS | $4.58 | $4.02 | +13.9% |
| Adjusted comparable sales | 6.7% | 6.5% | +20 bp |
- First 24 weeks: net sales $134.2B (+8.7%); net income $4.04B vs $3.59B (+12.5%); diluted EPS $9.08 vs $8.06 (+12.7%); operating cash flow $7.68B vs $6.01B. Cash was $17.38B at 2/15/2026 vs $14.16B at FY2025 end; long-term debt, excluding current portion, was $5.69B vs $5.71B.
- February four-week net sales were $21.69B (+9.5%); comparable sales were +7.9%, or +7.0% adjusted for gasoline prices and foreign exchange. Adjusted digitally enabled comparable sales rose 21.7% in Q2, while adjusted traffic and ticket increased 3.1% and 3.5%.
- Q2 membership income grew 13.6%; paid memberships reached 82.1M (+4.8%), with a 89.7% worldwide renewal rate. The company repurchased $419M of shares in the first 24 weeks vs $412M a year earlier and paid $1.15B in dividends vs $515M; shares outstanding rose by 455,000 from FY2025 year-end.
Guidance
No guidance in this filing.
Investor Takeaways
- Costco estimated 18 additional warehouse openings for the rest of FY2026, with 942 warehouses projected at fiscal year-end; actual openings will show progress against that plan.
The summary is written by an AI model reading the filing.
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