COST · 10-Q · 2026Q2

COSTCO WHOLESALE CORP /NEW

Filed 2026-06-03 · Consumer · View original filing on EDGAR

Ranked Events

• Liquidity and Cash PositionImportance 76 · Surprise 56
  At May 10, 2026 Costco held cash and cash equivalents and short-term investments of $19,996 million, up from $15,284 million at August 31, 2025; unsettled credit and debit card receivables comprised approximately…
• Store Count and ExpansionImportance 68 · Surprise 58
  The Company opened four new warehouses in the third quarter of 2026 (three in the U.S. and one in Canada) versus nine new warehouses (including one relocation) in the prior-year quarter, and had 23 net new warehouses…
• Warehouse Ancillary GrowthImportance 66 · Surprise 66
  Warehouse ancillary and other businesses grew sharply, with sales up 29% in the third quarter and 16% year-to-date, led by gasoline and pharmacy. Gasoline contributed materially to net sales through both higher volumes…
• Digital Channel and Delivery GrowthImportance 66 · Surprise 66
  Digitally-enabled comparable sales increased 21% in the third quarter and 22% in the first thirty-six weeks of 2026, and were up 21% for each period excluding the impact of foreign-currency changes. The Company changed…
• Operating Cash Flow TrendsImportance 60 · Surprise 40
  Net cash provided by operating activities increased to $11,133 in the first thirty-six weeks of 2026 from $9,468 in the comparable 2025 period, a greater-than-10% increase. The increase was primarily due to higher…
• Revenue Performance and MixImportance 60 · Surprise 40
  Net sales increased $7,189 or 12% to $69,154 in the third quarter of fiscal 2026 and $17,894 or 10% to $203,374 in the first thirty-six weeks of 2026, driven by comparable sales and sales at 23 net new warehouses…
• Same-Store Sales GrowthImportance 54 · Surprise 40
  Comparable sales increased by $6,055 or 10% in the third quarter and $14,553 or 8% in the first thirty-six weeks of 2026, and were the primary driver of net sales growth in both periods. Drivers of comparable sales…
• Supply Chain and Inventory TrendsImportance 53 · Surprise 32
  Management attributes improved operating cash flow in part to reduced net investment in merchandise inventories, driven by faster inventory turns and improved payment terms with suppliers. The filing notes that net…
• FX / Currency HeadwindsImportance 49 · Surprise 66
  Changes in foreign currencies relative to the U.S. dollar positively impacted Costco's net sales in fiscal 2026, driven by its Canadian and Other International operations. Management reports foreign-exchange benefits…
• Loyalty Program GrowthImportance 48 · Surprise 40
  Membership fee revenue increased 11% in the third quarter to $1,373 and 13% year-to-date to $4,057, driven by new member sign-ups, membership fee increases and upgrades to Executive Membership. Total paid members…
• Capital Expenditure PlansImportance 44 · Surprise 24
  Costco spent $4,228 million on capital expenditures in the first thirty-six weeks of 2026 and intends to spend approximately $6,500 million during fiscal 2026 to support new warehouse openings, remodels, depot network…
• Capital Return ProgramImportance 37 · Surprise 32
  The Board authorized a $4,000 share repurchase program on January 19, 2023 that expires in January 2027; during the first thirty-six weeks of 2026 the Company repurchased 638,000 shares at an average price of $945.46…
• Income Tax Rate ChangesImportance 25 · Surprise 32
  The effective tax rate was 25.4% for the quarter compared to 26.2% in the prior-year quarter, and was 24.4% year-to-date versus 24.9% in the prior-year period. The effective tax rate change benefited from discrete tax…
• Operating Expense TrendsImportance 25 · Surprise 32
  SG&A expenses were $6,193 in the third quarter of 2026 compared to $5,679 in the prior-year quarter, and SG&A as a percentage of net sales decreased 20 basis points to 8.96% in the quarter. Excluding the impact of…
• Gross Margin DriversImportance 25 · Surprise 32
  Gross margin dollars were $7,635 in the third quarter of 2026 versus $6,969 in the prior year quarter, while gross margin as a percentage of net sales decreased 21 basis points to 11.04% in the quarter. Excluding the…
• Outstanding IndebtednessImportance 14 · Surprise 14
  Repayments of long-term debt in the first thirty-six weeks of 2026 totaled $69 versus no repayments in the comparable 2025 period. Short-term borrowings outstanding under bank credit facilities were $96 at the end of…

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