Costco runs members-only warehouse stores selling bulk goods cheap; most of its profit comes from membership fees.
Costco Wholesale Corporation (COST) reported Q2 FY26 results on May 28, 2026. Earnings per share came in at $4.94 against a $4.94 consensus, so the company beat on the bottom line. Revenue of $70.53B landed above the $69.83B estimate. COST has beaten consensus EPS in 7 of its last 8 reported quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
President and Chief Operating Officer: “The future impact of tariffs remains extremely fluid as the recently eliminated IEEPA tariffs have now been replaced with new global tariffs for at least the next 150 days.”
Chief Financial Officer: “In today's press release, we reported operating results for the second quarter of fiscal year 2026 for 12 weeks ending February 15.”
Analyst: “Could you reconcile how the weather dynamics affected the first 2 months of the year?”
Chief Financial Officer: “Maybe on the first part of the question, on the weather, I think, our general view is that it certainly created some volatility during the first 2 months of the year, but we wouldn't really call anything out.”
President and Chief Operating Officer: “Traffic has been significantly up, and the adoption of the new digital enhancements have really allowed us to maintain the staffing we have in place and then handle this new growth of volume we're seeing.”