Costco Wholesale Corporation · NASDAQ:COST
Costco Wholesale — Q1 2026 Earnings Presentation
9 slides from Costco Wholesale's earnings presentation, Dec 11, 2025
Slide 1: 1st Quarter FY 2026 Supplemental Information
1st Quarter FY 2026 Supplemental Information 1
Slide 2: Q1 Highlights - Sales
Q1 Highlights - Sales $66.0B +6.4% +3.2% +20.5% Comparable Ticket Digitally-Enabled Comparable Sales Net Sales Comparable Sales +3.1% +6.4% Comparable Traffic +3.2% +20.5% +8.2% Growth Adjusted Adjusted Digitally-Enabled Adjusted Comparable Sales1 Comparable Ticket1 Comparable Sales2 1 - Excluding i
Slide 3: Q1 Highlights – Sales - Segment Reporting
Q1 Highlights – Sales - Segment Reporting Other Total Comp Sales US Canada International Company Sales +5.9% +6.5% +8.8% +6.4% Ticket +3.2% +1.4% +5.5% +3.2% Traffic +2.6% +5.0% +3.1% +3.1% Adjusted Other Total US Canada Comp Sales1 International Company Sales +5.9% +9.0% +6.8% +6.4% Ticket +3.2% +3
Slide 4: Q1 Highlights - Financial Performance
Q1 Highlights - Financial Performance Gross Margin SG&A Net Income Diluted EPS 11.32% 9.60% +4 bps vs. Q1 FY’25 -1 bp vs. Q1 FY’25 $2.00B $4.50 +4 bps ex. gas impact -1 bp ex. gas impact +11.3% Growth* +11.4% Growth* Reported Ex Gas1 Reported Ex Gas1 Core 0bps 0bps Ops -1bp -1bp *- “Other” Items for
Slide 5: Q1 Highlights - Membership
Q1 Highlights - Membership +14.0% 89.7% Membership Income Worldwide Membership Growth Renewal Rate +14.0% Membership Income 92.2% Growth ex-FX US/CN Renewal Rate 81.4MM 39.7MM Paid Memberships Executive Memberships +5.2% Growth 145.9MM 74.3% Total Cardholders Penetration of Sales to +5.1% Growth Exe
Slide 6: Q1 Highlights - Digital
Q1 Highlights - Digital +20.5% +20.5% Digitally-Enabled Adjusted Digitally-Enabled Comparable Sales Comparable Sales1 Top Sales Categories: - Pharmacy - Gold/Jewelry - Tires - Small Electrics - Apparel - Majors Digital Metrics: - Ecommerce Site Traffic: +24% - Ecommerce Average Order Value: +13% Dig
Slide 7: Q1 Highlights - Warehouse Expansion
Q1 Highlights - Warehouse Expansion Mulhouse, France: 11/20/25 Vancouver, BC (Business Center): Q4 FY’25 FY’26 Rest of FY FY’26 End 11/14/25 End Q1 (Estimated) (Estimated) US 629 4 16 649 Canada 110 2 3 115 Other International 175 1 2 178 Total 914 7 21 942 7
Slide 8: Q1 Highlights - New Member Values
Q1 Highlights - New Member Values Lowering Everyday Low Prices New Items KS Chicken Pot Pie KS Bacon KS Dry Facial Daily KS Crème Brulee Bar From $4.29 to $3.99/lb From $18.99 to $16.99 Clean Towels Cake KS Whip Cream KS Walnuts 3 lbs KS Caramelized Blueberry KS Tomato Basil Soup From $10.49 to $8.9
Slide 9: Safe Harbor
Safe Harbor Certain statements contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that t