Overview
- Costco reported third-quarter fiscal 2026 results on May 28 with net sales of $69.15 billion, net income of $2.19 billion and diluted earnings per share of $4.93.
- Digitally enabled comparable sales rose about 21% year-over-year and paid memberships increased roughly 4%, signaling stronger online engagement and membership loyalty.
- Management said gasoline volumes reached record levels and that strategic pricing helped drive traffic and larger shopping baskets.
- Executives confirmed plans for about 26 net new warehouse openings in fiscal 2026 and said the company will step up investments in digital tools and artificial intelligence to improve the member experience.
- Shares were little changed in after-hours trading as investors weighed whether the quarter's growth justifies a forward price-to-earnings multiple above 50x and near-term options implied moves of about 3%.