COST COSTCO WHOLESALE CORP /NEW
Price Chart
Executive Summary
Costco reported Q3 FY2026 results with net sales of $69.15B (+11.6% YoY) and diluted EPS of $4.93 (+15.2% YoY), slightly beating the consensus estimate of $4.92. Total comparable sales rose 9.8% (6.6% ex-gas/FX), with strong U.S. comps of 9.4% (6.8% adjusted) and digitally-enabled comps up 21.5%. The company also filed an S-3ASR shelf registration two days prior, allowing for future debt securities offerings, which may signal opportunistic capital raising following strong results.
Key Financial Metrics
Actionable Insight
Costco's strong Q3 with accelerating sales growth (+11.6% vs +9.1% in Q2) and robust membership trends supports the premium valuation. The S-3ASR shelf filing two days before earnings is likely opportunistic given the strong cash position ($18.9B cash) and low debt ($5.7B). Monitor the conference call for guidance on tariff impacts and membership fee timing.
Key Facts
- Q3 net sales $69.15B, +11.6% YoY from $61.96B
- Diluted EPS $4.93, +15.2% YoY from $4.28, vs consensus $4.92 (0.1% beat)
- Total company comparable sales +9.8% (+6.6% ex-gas/FX)
- U.S. comparable sales +9.4% (+6.8% ex-gas/FX)
- Digitally-enabled comparable sales +21.5%
- Net income $2.19B, +15.2% YoY
- Membership fee income $1.373B, +10.7% YoY
- Operating cash flow $11.13B YTD, +17.6% YoY
- S-3ASR shelf registration filed June 3, 2026 for future debt securities offerings
- 931 total warehouses as of quarter end
Financial Impact
Revenue beat of ~$0.5B vs consensus ($69.15B vs $69.68B est) — slight miss on top line; EPS beat by $0.01
Risk Factors
- Gross margin compressed 21bps YoY (11.04% vs 11.25%)
- SG&A increased 20bps YoY as a percentage of sales
- S-3ASR shelf filing may precede future debt issuance, potentially diluting equity value
- Geopolitical risks including tariffs and global conflicts noted in forward-looking statements
Market Snapshot
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000909832-26-000046 |
| Document: cost-20260528.htm | 0000909832-26-000046 |
| Document: costex9928-k52826.htm | 0000909832-26-000046 |
| Document: 0000909832-26-000046-index-headers.html | 0000909832-26-000046 |
| Document: 0000909832-26-000046-index.html | 0000909832-26-000046 |
| Document: 0000909832-26-000046.txt | 0000909832-26-000046 |
| 8-K Data (Synthetic) | 0000909832-26-000046 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 3, 2026
11d ago
|
Press Release
| $969.76 $971.74 | ▲ +0.20% | ▲ +2.80% | $982.35 (+1.30%) |
|
Jun 2, 2026
13d ago
|
Court Ruling
| $954.41 $961.64 | ▲ +0.76% | ▲ +1.45% | $982.35 (+2.93%) |
|
May 31, 2026
14d ago
|
ANALYST-UPGRADE
| $873.88 $888.75 | ▲ +1.70% | ▲ +1.09% | $982.35 (+12.41%) |
|
May 28, 2026
17d ago
|
8-K
| $956.00 $946.10 | ▼ −1.04% | ▼ −1.29% | $982.35 (+2.76%) |
|
May 1, 2026
6w ago
|
ANALYST-UPGRADE
| $873.88 $888.75 | ▲ +1.70% | ▲ +1.09% | $982.35 (+12.41%) |
|
Apr 8, 2026
9w ago
|
Press Release
| $1,029.87 $998.47 | ▲ +3.05% | ▲ +2.99% | $982.35 (+4.61%) |
|
Mar 30, 2026
11w ago
|
Court Ruling
| $996.67 $996.43 | ▼ −0.02% | ▼ −2.91% | $982.35 (−1.44%) |
|
Mar 30, 2026
11w ago
|
Court Ruling
| $996.67 $996.43 | ▼ −0.02% | ▼ −2.91% | $982.35 (−1.44%) |
|
Mar 30, 2026
11w ago
|
Court Ruling
| $996.67 $996.43 | ▼ −0.02% | ▼ −2.91% | $982.35 (−1.44%) |
|
Mar 5, 2026
14w ago
|
8-K
| $997.96 $1,004.91 | ▲ +0.70% | ▼ −0.15% | $982.35 (−1.56%) |
US Market Status
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