COST · Full Picture

COSTCO WHOLESALE CORP /NEW — the full picture

Earnings window · 2026-05-13 to 2026-08-09 · 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 85
    +13.4% revenue (realized); 4 sources (news, press_release, sec_filing, transcript); 2 forward row(s); quote_verified
    Net sales for the 12 weeks ended May 10, 2026 increased 12% to $69,154.
  2. Digitally-Enabled Sales Growth · Revenue growth & mixPriority 84
    +29.2% revenue (realized); 3 sources (news, press_release, sec_filing); 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.
  3. Warehouse Ancillary Growth · UnclassifiedPriority 84
    +15.2% revenue (realized); 3 sources (news, sec_filing, transcript); 2 forward row(s); 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. Capital Expenditure Plans · Capital expenditurePriority 81
    -7.7% cash; 4 sources (news, press_release, sec_filing, transcript); 4 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.
  5. Liquidity and Cash Position · Liquidity & cash positionPriority 65
    +4.5% cash (realized); 3 sources (news, 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.
  6. Operating Cash Flow Trends · Cash flow generationPriority 65
    +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. Fuel and Gasoline Revenue Pressure · UnclassifiedPriority 62
    +12.0% revenue (realized); 1 forward row(s); quote_verified
    Much of Costco's 12% year-over-year revenue growth in the latest quarter came from low-margin gas sales.
  8. Supply Chain and Inventory Trends · Supply chain & operationsPriority 62
    4 sources (news, press_release, sec_filing, transcript); 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. Digital Channel and Delivery Growth · Customers & concentrationPriority 61
    3 sources (news, press_release, sec_filing); 2 forward row(s); quote_verified
    Digitally-enabled comparable sales increased 22% during the first thirty-six weeks of 2026.
  10. Digital, AI and Retail Media Initiatives · UnclassifiedPriority 60
    +7.0% revenue (realized); 1 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.
  11. Geographic Market Commentary · Geographic mixPriority 55
    2 sources (news, press_release); 2 forward row(s); quote_verified
    Costco's Australian sales hit $12.6 billion, surpassing rival Aldi in profitability.
  12. Guidance / Outlook (Earnings Preview) · Guidance & outlookPriority 55
    2 forward row(s); quote_verified
    Analysts at one firm anticipate Costco's fiscal third-quarter revenue to increase about 10% year-over-year to $69.6 billion.

Threads by pillar

Revenue & Demand Priority 95 · 23 threads

Costs & Margins Priority 80 · 9 threads

Capital & Balance Sheet Priority 94 · 11 threads

Strategy & Portfolio Priority 68 · 9 threads

Legal, Regulatory & Policy Priority 53 · 8 threads

Guidance & Outlook Priority 59 · 2 threads

Macro & Market Conditions Priority 69 · 10 threads

Management & Governance Priority 19 · 1 thread

Shareholders & Street Priority 45 · 8 threads

Unclassified Priority 97 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
cash-9.1%+9.1%+0.8%
assets+7.8%+7.8%+9.3%
operating_income-0.0%+0.0%+4.3%
liability-0.0%+0.0%+12.6%
margin——-0.2%
revenue——+87.1%
net_income——+12.1%