Costco Wholesale Corporation Reports First Quarter Fiscal Year 2026 Operating Results

Core Insights - Costco Wholesale Corporation reported a net sales increase of 8.2% for the first quarter of fiscal 2026, reaching $65.98 billion compared to $60.99 billion in the same period last year [1] - The company achieved a net income of $2,001 million, or $4.50 per diluted share, up from $1,798 million, or $4.04 per diluted share, in the previous year [2] Sales Performance - Comparable sales growth for the first quarter was as follows: - U.S.: 5.9% - Canada: 6.5% (adjusted: 9.0%) - Other International: 8.8% (adjusted: 6.8%) - Total Company: 6.4% - Digitally-Enabled: 20.5% [1] Operational Metrics - Costco operates a total of 923 warehouses globally, with 633 located in the U.S. and Puerto Rico, and additional locations in Canada, Mexico, Japan, the U.K., Korea, Australia, Taiwan, China, Spain, France, Sweden, Iceland, and New Zealand [3] Financial Overview - Total revenue for the quarter was $67.31 billion, which includes $1.33 billion from membership fees, compared to $62.15 billion in the previous year [8] - Operating income increased to $2,463 million from $2,196 million year-over-year [8] Cash Flow and Investments - Net cash provided by operating activities was $4,688 million, significantly higher than $3,260 million in the prior year [12] - Cash and cash equivalents at the end of the period were $16,217 million, up from $14,161 million at the beginning of the year [13]