Costco 8-K
PositiveEarnings
Higher tickets and traffic drove comparable sales growth, while digital-enabled comps outpaced the overall business.
Filed 2026-05-28 16:17 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q3 FY2026 results. Net sales rose 11.6% and comparable sales rose 9.8% (6.6% excluding gasoline-price and foreign-exchange changes); net income increased 15.2% Y/Y. Digital-enabled comparable sales grew 21.5%.
Key Figures
| Metric | Q3 2026 | Q3 2025 | Y/Y |
|---|---|---|---|
| Net sales | $69.2B | $62.0B | +11.6% |
| Operating income | $2.82B | $2.53B | +11.3% |
| Net income | $2.19B | $1.90B | +15.2% |
| Diluted EPS | $4.93 | $4.28 | +15.2% |
| Metric | First 36 weeks FY2026 | First 36 weeks FY2025 | Y/Y |
|---|---|---|---|
| Net sales | $203B | $185B | +9.6% |
| Operating income | $7.88B | $7.04B | +12.0% |
| Net income | $6.23B | $5.49B | +13.5% |
| Diluted EPS | $14.01 | $12.34 | +13.5% |
| Operating cash flow | $11.1B | $9.47B | +17.6% |
- Comparable sales growth reflected higher traffic (+2.4%) and ticket (+7.3%); adjusted comparable sales growth was 6.6%. Gross margin was 11.04%, down 21 bp Y/Y (up 1 bp excluding gasoline impact); selling, general and administrative expense was 8.96%, up 20 bp.
- First 36 weeks: capital spending was $4.23B; share repurchases were $603M vs $623M, and dividends were $1.15B vs $1.03B. Cash and cash equivalents were $18.9B at May 10, 2026, vs $14.2B at FY2025 year-end; long-term debt was $5.67B.
- Membership income grew 10.7%; the worldwide renewal rate was 89.7%, with 148.5M total cardholders, up 4.0%.
Guidance
No guidance in this filing.
Investor Takeaways
- Costco estimated 12 additional warehouse openings for the rest of FY2026, targeting 940 warehouses by fiscal year-end; progress toward that expansion plan is a near-term operating milestone.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3