Costco Wholesale Corporation (COST) Earnings Call Transcripts
Costco Wholesale Corporation's Latest Earnings Call - July 8, 2026
In the fiscal month of June 2026, Costco Wholesale Corporation reported net sales of $29.24 billion, reflecting a robust increase of 10.6% year-over-year compared to $26.44 billion in June 2025. Comparable sales growth was strong at 8.8%, driven by a 10.6% increase in the U.S. and a notable 20.9% surge in digitally enabled sales. Management did not provide specific guidance for the upcoming quarter, but the strong sales performance indicates continued momentum in consumer demand, which could positively impact stock performance moving forward.
Reported metrics
| Metric | Value |
|---|---|
| Net Sales | $29.24B (beat) |
| Comparable Sales (Total) | 8.8% (beat) |
| Comparable Sales (U.S.) | 10.6% (beat) |
| Average Transaction Growth | 5.5% (beat) |
| Gas Price Inflation Impact | 2.5% (positive) |
| Comparable Sales (Digitally Enabled) | 20.9% (beat) |
Guidance from management
Management did not provide specific guidance for the upcoming quarter, maintaining a neutral stance on future expectations.
What analysts pressed on
Analysts expressed concerns regarding the negative impacts of foreign exchange on sales, particularly in Canada and Other International markets. Additionally, the noted cannibalization effect could raise questions about future growth sustainability.
Main topics on the call
- Strong Sales Growth — Costco reported net sales of $29.24 billion for June, a 10.6% increase from last year. Management highlighted that 'comparable sales for the month were as follows: U.S., 10.6%; Canada, 3.7%; Other International, 4.7%; to...
- Impact of Gas Prices — Gas price inflation contributed positively to total reported comparable sales by approximately 2.5%. The average worldwide selling price per gallon was up 22.4% versus last year, which significantly influenced sales figu...
- Traffic Growth — Costco experienced a 3.2% increase in comp traffic worldwide, indicating a healthy increase in customer visits. This growth in traffic is a positive sign for future sales performance.
- Regional Performance Variability — The Midwest, Southeast, and Northeast regions in the U.S. showed the strongest comparable sales. However, the negative impact of cannibalization was noted at approximately minus 50 basis points for the total company, whi...
Read the full Costco Wholesale Corporation transcript (July 8, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Costco Wholesale Corporation
Costco Wholesale Corporation (COST) is a publicly listed company in the Consumer Staples Distribution and Retail industry, within the Consumer Staples sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 117 calls on record spanning January 8, 2020 to July 8, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 117 Costco Wholesale Corporation earnings call transcripts on record, spanning January 8, 2020 to July 8, 2026. Based on this history, Costco Wholesale Corporation reports quarterly. The most recent call on file is dated July 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- COST
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Consumer Staples
- Calls on record
- 117
- First call
- January 8, 2020
- Most recent
- July 8, 2026
- Reporting cadence
- quarterly