"Membership economics were again the backbone of the quarter. Membership fee income rose 13.6% year over year to $1.355 billion, driven by continued member growth and upgrades to executive memberships. Costco ended the quarter with 82.1 million paid members and 147.2 million total cardholders, while the worldwide membership renewal rate held at a strong 89.7%."
"Comparable sales increased 7.4% globally, or 6.7% excluding gasoline price changes and foreign exchange effects. Worldwide traffic increased 3.1%, showing steady customer engagement even amid macroeconomic uncertainty. Digital performance remained a standout area, with e-commerce comparable sales jumping 22.6% year over year."
"Costco's Q2 FY2026 results reinforce the company's reputation as one of the most consistent operators in global retail. Revenue and earnings again exceeded expectations, comparable sales remained strong, and digital engagement continues expanding alongside the warehouse footprint."
Costco delivered strong fiscal second quarter 2026 results, beating Wall Street expectations on both revenue ($69.6 billion versus $69.32 billion expected) and diluted EPS ($4.58 versus $4.54 expected). Membership fee income grew 13.6% year-over-year to $1.355 billion, supported by 82.1 million paid members and a 89.7% renewal rate. Comparable sales increased 7.4% globally, or 6.7% excluding gasoline and currency effects, while worldwide traffic grew 3.1%. E-commerce comparable sales surged 22.6% year-over-year, demonstrating strong digital engagement. Despite the earnings beat, stock price declined modestly, reflecting investor focus on long-term trends rather than quarterly surprises, with the premium valuation already pricing in strong execution.
Read at 24/7 Wall St.
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