Keep pulling the thread on United States.
Costco plans to open over 30 net new warehouses annually in future years.
Costco estimates its capital expenditure for the full fiscal year 2026 will be approximately $6.5 billion.
Costco warehouses opened in fiscal year 2025 generated an annualized average of $192 million in sales during their first year, up from $150 million for warehouses opened two years prior.
For Q1 2026, Costco reported net income of $2.001 billion, or $4.50 per diluted share.
Costco's net sales for Q1 2026 were $65.98 billion, an 8.2% increase from $60.99 billion in the prior year's first quarter.
Costco's comparable sales grew by 6.4% in Q1 2026, both on a reported and adjusted basis for gas prices and foreign exchange.
Costco's e-commerce comparable sales grew by 20.5% in Q1 2026.
Costco reported membership fee income of $1.329 billion in Q1 2026, a 14% year-over-year increase.
In Q1 2026, Costco opened eight new warehouses, including one relocation in Canada, its third warehouse in France, four net new U.S. locations, and two Canadian business centers.
Costco's total warehouse count reached 921 worldwide at the end of Q1 2026.
Costco revised its planned net new warehouse openings for fiscal year 2026 down to 28 due to construction delays in Spain.
Costco plans to relocate five warehouses in fiscal year 2026, including three in the US, one in Canada, and one in Taiwan.