Keep pulling the thread on Kirkland Signature.
Costco expects to open 28 net new warehouses in fiscal year 2026.
Costco is targeting over 30 new warehouse openings per year in the coming years.
Costco reported net income of $2.035 billion, or $4.58 per diluted share, for the second quarter of fiscal year 2026, a nearly 14% increase year-over-year.
Costco's net sales for Q2 2026 were $68.24 billion, a 9.1% increase from $62.53 billion in the same quarter of the previous year.
Costco's digitally enabled comparable sales grew 22.6% in Q2 2026, or 21.7% adjusted for foreign exchange.
Costco reported membership fee income of $1.355 billion in Q2 2026, a 13.6% increase year-over-year.
In Q2 2026, Costco's personalized product recommendation carousels on its e-commerce platform drove over $470 million in sales.
The future impact of tariffs is considered highly fluid, as the recently eliminated IEFA tariffs have been replaced by new global tariffs for at least the next 150 days.
Costco is employing several strategies to mitigate the impact of tariffs, including shifting production countries, consolidating global buying, increasing focus on its Kirkland Signature brand, and sourcing more items domestically.
Costco lowered prices on key items such as eggs, cheese, coffee, and some paper products during the second quarter in response to lower commodity inflation.
Costco's total warehouse count has reached 924 worldwide after opening four new warehouses since the last earnings call.
Costco is piloting automated pay stations for pre-scanned orders, which have an average transaction time of approximately eight seconds.