Sales and Profit Growth Drive 2.46% Stock Gain
Costco reported robust financial results for its second fiscal quarter ending February 15, with both sales and profits surpassing analyst expectations. The wholesale retailer announced net sales of $68.24 billion, a 9.1% increase from the $62.53 billion recorded in the same period last year. This strong top-line performance fueled a net profit of $2.035 billion, or $4.58 per diluted share. Investors reacted positively to the news, pushing Costco's stock up 2.46% in after-hours trading.
Comparable Sales Rise 7.4%, Fueled by International Strength
The company's comparable sales, a key metric for retailers, increased by 7.4% across all operations. When adjusted for factors like gasoline prices and currency fluctuations, the growth stood at a solid 6.7%. Performance was particularly strong outside the United States, highlighting the brand's global appeal.
While the U.S. market saw a healthy 5.9% increase in comparable sales, Canada posted a 10.1% gain. Other international markets delivered the strongest growth, with comparable sales rising 13.0%. This geographic diversification demonstrates the company's ability to capture growth in multiple regions.
E-commerce Sales Expand 22.6% in Digital Push
A standout figure in the report was the significant expansion of Costco's digital channel. E-commerce comparable sales grew 22.6% year-over-year, far outpacing the growth seen in physical stores. The adjusted figure was similarly impressive at 21.7%. This acceleration in online sales indicates that Costco's investments in its digital platform are successfully attracting more consumer spending and complementing its established warehouse model.
Edgen Stock·Mar 06 2026, 00:00
