Costco Reports Q2 Revenue of $69.6 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 05 2026
0mins
Reports Q2 revenue $69.6M, consensus $69.32B. Reports Q2 comparable sales up 7.4%. The company said, "Lunar and Chinese New Years occurred on February 17, 19 days later this year. The shift positively impacted February Other International and Total Company sales by approximately 4.0% and 0.5%, respectively. Costco currently operates 924 warehouses, including 634 in the United States and Puerto Rico, 114 in Canada, 42 in Mexico, 37 in Japan, 29 in the United Kingdom, 20 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, three in France, two in Sweden, and one each in Iceland, and New Zealand. Costco also operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan and Australia."
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Analyst Views on COST
Wall Street analysts forecast COST stock price to rise
24 Analyst Rating
19 Buy
4 Hold
1 Sell
Strong Buy
Current: 1002.930
Low
769.00
Averages
1061
High
1205
Current: 1002.930
Low
769.00
Averages
1061
High
1205
About COST
Costco Wholesale Corporation (Costco) operates membership warehouses and e-commerce sites that offer a selection of nationally branded and private-label products in a wide range of categories. The Company buys the majority of its merchandise directly from suppliers and route it to cross-docking consolidation points (depots) or directly to its warehouses. It operates 891 warehouses, including 614 in the United States and Puerto Rico, 108 in Canada, 40 in Mexico, 35 in Japan, 29 in the United Kingdom, 19 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, two in France, and one each in Iceland, New Zealand and Sweden. It also operates e-commerce sites in the United States, Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan and Australia. The Company provides wide selection of merchandise, plus the convenience of specialty departments and exclusive member services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Earnings Forecast: Analysts predict earnings of $4.92 per share, indicating the company's continued strong performance in profitability, which may further bolster market confidence in its stock.
- Revenue Expectations: The anticipated revenue of $69.42 billion for Q3 reflects the stability of consumer demand and the company's competitive position in the retail market.
- Historical Performance: Costco has beaten earnings estimates in 6 out of the last 8 quarters, demonstrating its robust performance and management capabilities in the market, which could have a positive impact on its stock price.
See More
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- Tech Earnings: Dell is set to report its first-quarter earnings on Thursday, with sky-high expectations following a more than 100% stock price increase over the past three months, and analysts are looking for strong AI server momentum, projecting server sales around $13 billion for the quarter.
- Inflation Data Release: The Personal Consumption Expenditures (PCE) data will be released on Thursday, with forecasts indicating a 0.5% increase in April, down from March's figure, while core PCE is expected to remain steady, making this data crucial for market sentiment and investment decisions.
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See More
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- Market Outlook: Despite challenges faced by Meta and Microsoft, Cramer remains cautiously optimistic about their future performance, suggesting that these companies could achieve breakthroughs in the evolving AI landscape.
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- Opportunities in Small Caps: Small-cap stocks have performed well amid economic recovery, particularly driven by a resurgence in manufacturing, and if this momentum continues, it could present new growth opportunities for investors, especially given the uncertainty surrounding interest rate policies.
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See More
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- Micron's Continued Ascent: Micron's stock rose another 7% in premarket trading, achieving a remarkable increase from $500 billion to $1 trillion in just 48 days, the fastest on record, highlighting the ongoing shortage and insatiable demand for memory chips, suggesting significant future growth potential.
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See More
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- Membership Model Advantage: Costco's membership model reduces its sensitivity to macroeconomic conditions, with most profits derived from membership fees, attracting a higher-income customer base that strengthens its market position.
- Comparable Sales Growth: For the four weeks ending May 3, comparable sales adjusted for gas prices and foreign exchange rose by 7.8%, surpassing the 6.5% growth in the first 35 weeks, indicating sustained consumer demand for its offerings.
- Valuation Considerations: While Costco's business remains robust, its price-to-earnings ratio of 52 is significantly higher than its peers, prompting investors to carefully consider entry points to mitigate potential stock price corrections.
See More
