Costco Wholesale Corporation reported that net profits grew 11.3 percent in its fiscal first quarter ended November 23, topping Wall Street targets. Sales increased 8.2 percent, to $65.98 billion from $60.99 billion last year.

Comparable sales for the first quarter fiscal 2026 were as follows:

Excluding the impacts from changes in gasoline prices and foreign exchange.

Net income for the quarter was $2,001 million, $4.50 per diluted share, compared to $1,798 million, $4.04 per diluted share, last year. This year’s results included a tax benefit of $72 million, 16 cents per diluted share, related to stock-based compensation, compared with $100 million, 22 cents per diluted share, last year.

Sales were below analysts’ consensus target of $67.28 billion, but EPS was above average estimates of $4.25.

Costco currently operates 923 warehouses, including 633 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.

Image courtesy Costco