Costco Wholesale Corporation (NASDAQ: COST) reported second-quarter results that exceeded analyst expectations, although shares slipped nearly 1% in pre-market trading Friday following the announcement.
The warehouse retailer posted adjusted earnings per share of $4.58, beating the consensus estimate of $4.55 by $0.03. Revenue totaled $69.6 billion, surpassing the $69.25 billion estimate and rising 9.1% from $62.53 billion in the same quarter last year. Net sales for the quarter were reported at $68.24 billion in the company’s official release.
Comparable sales increased 7.4% during the quarter, or 6.7% when adjusted for gasoline price fluctuations and foreign exchange effects. U.S. comparable sales grew 5.9%, while Canada and Other International markets posted stronger gains of 10.1% and 13.0%, respectively. Digital sales surged 22.6% over the same period.
Net income for the quarter came in at $2.04 billion, up from $1.79 billion in the year-earlier period. For the first 24 weeks of fiscal 2026, net income reached $4.04 billion, or $9.08 per diluted share, compared with $3.59 billion, or $8.06 per diluted share, in the prior year.
The company reported February sales of $21.69 billion, representing a 9.5% increase from $19.81 billion a year earlier. Comparable sales for February rose 7.9%, with the timing of Lunar and Chinese New Year providing approximately a 4.0% boost to Other International sales.
Costco currently operates 924 warehouses worldwide, including 634 locations in the United States and Puerto Rico, 114 in Canada, and 176 across other international markets. The retailer also operates e-commerce platforms in eight countries.
