Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year.
The Issaquah, Washington-headquartered warehouse giant’s total revenues increased to $67.3 billion in the first quarter from $62.2 billion in the prior-year quarter. Total comparable store sales for the quarter grew 6.4% year-over-year, and Digitally Enabled sales climbed 20.5%.
First-quarter net income was $2.0 billion or $4.50 per share, compared to $1.80 billion or $4.04 per share in Q1 2025. This year’s results included a tax benefit of $0.16 per share related to stock-based compensation, which last year was $0.22 per diluted share.
-1024x683.jpg "Strait Outta Hormuz: Getting the Iran Oil Story Straight")
