COST · Full Picture

COSTCO WHOLESALE CORP /NEW — the full picture

Earnings window · 2026-05-13 to 2026-09-24 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Revenue Performance and Mix · Revenue growth & mixPriority 83
    +1.4% revenue; 3 sources (news, press_release, sec_filing); 2 forward row(s); quote_verified
    Net sales for the 12 weeks ended May 10, 2026 increased 12% to $69,154.
  2. Capital Expenditure Plans · Capital expenditurePriority 80
    -7.7% cash; 4 sources (news, press_release, sec_filing, transcript); 3 forward row(s); structured_verified
    In the first thirty-six weeks of 2026 the company spent $4,228 on capital expenditures and currently intends to spend approximately $6,500 during fiscal 2026.
  3. Warehouse Ancillary Growth · UnclassifiedPriority 78
    +15.2% revenue (realized); 3 sources (news, sec_filing, transcript); structured_verified
    Ancillary businesses comp sales were up in the mid-20s in Q3; pharmacy led the way and saw significant market share gains.
  4. Comparable Sales Growth · Revenue growth & mixPriority 73
    +13.4% revenue (realized); 4 sources (news, press_release, sec_filing, transcript); quote_verified
    Comparable sales were positively impacted by approximately 7% and 5% in average ticket and 2% and 3% in shopping frequency in the third quarter and first thirty-six weeks of 2026.
  5. Digital, AI and Retail Media Initiatives · UnclassifiedPriority 64
    +7.0% revenue (realized); 2 sources (news, transcript); 3 forward row(s); quote_verified
    Q3 personalized product recommendation carousels delivered conversion rates three times better than typical conversion rates and contributed just under $5 billion of e-commerce sales.
  6. Operating Cash Flow Trends · Cash flow generationPriority 64
    +8.8% net_income (realized); 2 sources (press_release, sec_filing); structured_verified
    Net cash provided by operating activities for the 36 weeks ended May 10, 2026 totaled $11,133, compared to $9,468 in the prior year period.
  7. Digital Channel and Delivery Growth · Customers & concentrationPriority 63
    3 sources (news, press_release, sec_filing); 7 forward row(s); quote_verified
    Digitally-enabled comparable sales increased 22% during the first thirty-six weeks of 2026.
  8. Supply Chain and Inventory Trends · Supply chain & operationsPriority 63
    4 sources (news, press_release, sec_filing, transcript); 3 forward row(s); quote_verified
    Net cash provided by operating activities increased primarily due to higher cash flow from operating income and reduced net investment in merchandise inventories driven by faster inventory turns and improved payment terms with suppliers.
  9. Liquidity and Cash Position · Liquidity & cash positionPriority 60
    +4.5% cash (realized); 2 sources (press_release, sec_filing); structured_verified
    Cash and cash equivalents and short-term investments were $19,996 at May 10, 2026 and $15,284 at August 31, 2025.
  10. Capital Expenditures and Expansion Plans · UnclassifiedPriority 57
    +6.4% assets; 2 forward row(s); quote_verified
    Costco is targeting $6.5 billion in capital expenditures as expansion continues.
  11. Capital Return — Dividend Increase · Buybacks & dividendsPriority 54
    -1.3% cash; 4 sources (news, press_release, sec_filing, transcript); 2 forward row(s); structured_verified
    During the first thirty-six weeks of 2026 the company repurchased 638,000 shares at an average price per share of $945.46 totaling approximately $603.
  12. Store Count and Expansion · Capacity & footprint expansionPriority 54
    -0.1% cash; 4 sources (news, press_release, sec_filing, transcript); 16 forward row(s); quote_verified
    We opened new warehouses, including two relocations, in the first thirty-six weeks of 2026 and plan to open 13 additional new warehouses, including one relocation, in the remainder of fiscal 2026.

Threads by pillar

Revenue & Demand Priority 92 · 14 threads

Costs & Margins Priority 76 · 8 threads

Capital & Balance Sheet Priority 93 · 11 threads

Strategy & Portfolio Priority 62 · 7 threads

Legal, Regulatory & Policy Priority 53 · 9 threads

Guidance & Outlook Priority 39 · 1 thread

Macro & Market Conditions Priority 64 · 9 threads

Management & Governance Priority 23 · 1 thread

Shareholders & Street Priority 35 · 1 thread

Unclassified Priority 94 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
cash-15.5%+15.5%+0.8%
assets+7.8%+7.8%+9.2%
revenue+1.4%+1.4%+82.4%
liability-0.0%+0.0%+12.6%
net_income-0.0%+0.0%+12.1%
operating_income-0.0%+0.0%+4.3%
margin——-0.2%