Costco Wholesale Corporation announced its operating results for Q1, fiscal 2026, reporting a net sales increase of 8.2 percent and a digital sales increase of 20.5%.
In Q1, net sales rose to $65.98 billion from $60.99 billion last year.
In the three months ending Nov. 23, net income rose to $2 billion from $1.80 billion, with revenue increasing to $67.31 billion from $62.15 billion.
Comparable sales grew 5.9% in the U.S. and 6.4% globally.
During Costco’s earnings call, following the release, company CFO Gary Millerchip noted that e-commerce growth was one of the highlights of the quarter and has transformed the company.
Millerchip outlined that digital sales increased by 20.5% year over year. Website traffic rose by 24%, while app traffic surged by 48%.
Same-day delivery services through Instacart in the U.S. and Uber and DoorDash internationally grew at a faster rate than overall digital sales.
Costco also reported that the company has gained new members and higher sales, as U.S. consumers seek value for groceries, household essentials, and gifts.
Following the announcement, company shares rose slightly in premarket trading.
By CEO NA Editorial Staff
