Costco (COST) Q1 2026 Earnings

Costco It said Thursday that it beat Wall Street’s quarterly expectations as its sales rose 8.2% year over year.

The Warehouse Club does not share full-year forecasts. The company is expected to share more details about the quarter during the earnings call, which begins at 5 p.m. ET.

Here’s what Costco did in its fiscal first quarter compared to what Wall Street expected, based on a survey of analysts conducted by LSEG:

• EPS: $4.50 vs. $4.27 expected
• profit: $67.31 billion compared to $67.14 billion expected

Costco has attracted new members and higher sales at its clubs and online as American consumers of all incomes look for value while shopping for groceries, household supplies, holiday gifts and more.

Along with its warehouse club competitors, Costco has gained traction with younger customers who have signed up for memberships. Costco also benefited from increased membership fees in the U.S. and Canada, which took effect in September 2024, and began with new members signing up or existing customers renewing their annual memberships when they expire.

In the three-month period ended Nov. 23, Costco’s net income rose to $2 billion, or $4.50 per share, from $1.80 billion, or $4.04 per share, in the same quarter a year ago. Revenue rose to $67.31 billion from $62.15 billion in the same quarter last year.

Comparable sales, an industry measure that takes the impact of one-time factors such as store openings and closings, rose 5.9% in the United States and 6.4% worldwide. Digital sales jumped 20.5% year over year.

As a warehouse club, Costco relies on membership fees to boost its revenue and help keep the prices of its goods low. However, as tariffs rose, the retailer dealt with higher costs. About one-third of Costco’s U.S. sales come from imported goods.

On an earnings call in September, Chief Financial Officer Gary Millership said Costco looked for ways to reduce the impact of the tariffs, including offering new items from its own brand, Kirkland Signature, as replacements for goods hit by the tariffs and replacing categories or items with others not hit by the steep tariff costs.

In late November, Costco sued the Trump administration to get a full refund of the new tariffs it has paid so far this year and to prevent those import duties from being collected from the company while it awaits the Supreme Court’s ruling on the duties.

As of Thursday’s close, Costco shares were down about 4% so far this year. This follows the S&P 500’s gain of 17% over the same period. However, over the past five years, Costco stock has jumped 141%. The company’s stock closed at $884.48 on Thursday, bringing its market value to $392.67 billion.

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