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Costco Wholesale Corporation (COST) Q2 2026 Earnings Call Transcript

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Q2: 2026-03-05 Earnings Summary

EPS of $4.58 beats by $0.03

 | Revenue of $69.60B (9.22% Y/Y) beats by $275.86M

Costco Wholesale Corporation (COST) Q2 2026 Earnings Call March 5, 2026 5:00 PM EST

Company Participants

Gary Millerchip – Executive VP & CFO
Ron Vachris – President, CEO & Director

Conference Call Participants

Christopher Horvers – JPMorgan Chase & Co, Research Division
Michael Lasser – UBS Investment Bank, Research Division
Charles Grom – Gordon Haskett Research Advisors
Simeon Gutman – Morgan Stanley, Research Division
John Heinbockel – Guggenheim Securities, LLC, Research Division
Katharine McShane – Goldman Sachs Group, Inc., Research Division
Edward Kelly – Wells Fargo Securities, LLC, Research Division
Rupesh Parikh – Oppenheimer & Co. Inc., Research Division
David Bellinger – Mizuho Securities USA LLC, Research Division
Gregory Melich – Evercore ISI Institutional Equities, Research Division
Oliver Chen – TD Cowen, Research Division
Scot Ciccarelli – Truist Securities, Inc., Research Division
Kelly Bania – BMO Capital Markets Equity Research
Zhihan Ma – Bernstein Institutional Services LLC, Research Division

Presentation

Operator

Ladies and gentlemen, thank you for standing by. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Costco Wholesale Corporation Fiscal Second Quarter 2026 Conference Call. [Operator Instructions]

And I would now like to turn the conference over to Gary Millerchip, Chief Financial Officer. You may begin.

Gary Millerchip
Executive VP & CFO

Good afternoon, everyone, and thank you for joining us for Costco’s Second Quarter 2026 Earnings Call. In addition to covering our second quarter financial results today, we will also review our February sales results.

I’d like to start by reminding you that these discussions will include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that may cause actual events, results and our performance to differ materially from those indicated by such statements. The risks and uncertainties include, but are not limited to, those outlined in today’s call, as

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