Costco tops fiscal Q2 earnings estimates

Costco Wholesale Corporation (NASDAQ:COST, XETRA:CTO) has reported its fiscal results for the fiscal 2nd quarter, beating Wall Street estimates for some gross and profit.

For the 4th ended February 15, the warehouse retailer posted gross of $69.6 billion, supra analysts’ estimates of $69.06 cardinal and up 9.2% from a twelvemonth earlier. Net income roseate 9.1% to $68.24 cardinal from $62.53 billion.

Earnings per stock came successful astatine $4.58, up of the $4.54 expected by analysts. Net income totaled $2.04 billion, compared with $1.79 billion, oregon $4.02 per share, successful the aforesaid 4th past year.

Comparable income accrued 7.4% during the quarter, oregon 6.7% aft excluding the interaction of gasoline prices and overseas exchange. By region, comparable income roseate 5.9% successful the US, 10.1% successful Canada, and 13% successful different planetary markets.

Digitally enabled comparable income grew 22.6% successful the quarter.

For the archetypal 24 weeks of fiscal 2026, nett income accrued 8.7% twelvemonth implicit twelvemonth to $134.22 billion, portion nett income roseate to $4.04 billion, oregon $9.08 per share, from $3.59 billion, oregon $8.06 per share, a twelvemonth earlier.

In the 4 weeks ended March 1, the institution reported nett income of $21.69 billion, up 9.5% from the anterior year. Comparable income for the play roseate 7.9%, oregon 7% erstwhile adjusted for gasoline prices and overseas exchange.

Costco said the timing of the Lunar and Chinese New Year holiday, which occurred 19 days aboriginal this twelvemonth connected Feb. 17, boosted planetary and full institution income successful February by astir 4% and 0.5%, respectively.

The retailer presently operates 924 warehouses globally, including 634 successful the United States and Puerto Rico and 114 successful Canada, on with locations crossed Europe, Asia and Australia.

Shares of Costco were small changed astatine $983 connected Friday morning.