Costco reported first-quarter fiscal 2026 net sales of $65.98 billion, an increase of 8.2% year-over-year. Total company comparable sales grew by 6.4%, driven by a 3.1% increase in traffic. Net income for the quarter was $2.00 billion, or $4.50 per diluted share, representing an 11.3% increase from the prior year.
Key Highlights
- Membership fee income, a key profit driver, grew a strong 14.0% to $1.33 billion, with paid memberships increasing 5.2% to 81.4 million.
- Digitally-enabled comparable sales saw significant acceleration, growing 20.5% during the quarter, indicating continued online momentum.
- The company demonstrated stable profitability, with gross margin expanding by 4 basis points and SG&A as a percentage of sales declining by 1 basis point.