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Costco Wholesale Corporation (COST) Q2 2026 Earnings Call Transcript

Seeking Alpha
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⚡ Quantum Brief
Costco reported Q2 2026 earnings of $4.58 per share, beating estimates by $0.03, with revenue hitting $69.60 billion—a 9.22% year-over-year increase and $275.86 million above expectations. CEO Ron Vachris and CFO Gary Millerchip led the March 5 earnings call, highlighting strong financial performance while cautioning about forward-looking risks under securities regulations. February sales results were reviewed alongside quarterly figures, though specific monthly metrics were not detailed in the transcript excerpt provided. Analysts from JPMorgan, UBS, and Goldman Sachs participated, questioning executives on operational and financial strategies during the call. The company emphasized potential volatility in future results due to economic uncertainties, as outlined in the earnings disclaimer.
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SA Transcripts158.84K FollowersFollow5ShareSaveCommentsQ2: 2026-03-05 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallEPS of $4.58 beats by $0.03 | Revenue of $69.60B (9.22% Y/Y) beats by $275.86M Costco Wholesale Corporation (COST) Q2 2026 Earnings Call March 5, 2026 5:00 PM EST Company Participants Gary Millerchip - Executive VP & CFORon Vachris - President, CEO & Director Conference Call Participants Christopher Horvers - JPMorgan Chase & Co, Research DivisionMichael Lasser - UBS Investment Bank, Research DivisionCharles Grom - Gordon Haskett Research AdvisorsSimeon Gutman - Morgan Stanley, Research DivisionJohn Heinbockel - Guggenheim Securities, LLC, Research DivisionKatharine McShane - Goldman Sachs Group, Inc., Research DivisionEdward Kelly - Wells Fargo Securities, LLC, Research DivisionRupesh Parikh - Oppenheimer & Co. Inc., Research DivisionDavid Bellinger - Mizuho Securities USA LLC, Research DivisionGregory Melich - Evercore ISI Institutional Equities, Research DivisionOliver Chen - TD Cowen, Research DivisionScot Ciccarelli - Truist Securities, Inc., Research DivisionKelly Bania - BMO Capital Markets Equity ResearchZhihan Ma - Bernstein Institutional Services LLC, Research Division Presentation Operator Ladies and gentlemen, thank you for standing by. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Costco Wholesale Corporation Fiscal Second Quarter 2026 Conference Call. [Operator Instructions] And I would now like to turn the conference over to Gary Millerchip, Chief Financial Officer. You may begin. Gary MillerchipExecutive VP & CFO Good afternoon, everyone, and thank you for joining us for Costco's Second Quarter 2026 Earnings Call. In addition to covering our second quarter financial results today, we will also review our February sales results. I'd like to start by reminding you that these discussions will include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that may cause actual events, results and our performance to differ materially from those indicated by such statements. The risks and uncertainties include, but are not limited to, those outlined in today's call, as

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Source: Seeking Alpha