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Costco expects to open a net of 28 new warehouses in fiscal year 2026.
Costco is targeting over 30 new warehouse openings per year in the coming years.
For the second quarter of fiscal 2026, Costco reported net income of $2.035 billion, or $4.58 per diluted share.
Costco's Q2 2026 net income of $2.035 billion represents a nearly 14% increase from the $1.788 billion reported in Q2 2025.
Costco's net sales for the second quarter of fiscal 2026 were $68.24 billion, a 9.1% increase from $62.53 billion in the same period of 2025.
Costco's comparable sales for Q2 2026 increased by 7.4%, or 6.7% when adjusted for gas price deflation and foreign exchange.
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.
Costco estimates its capital expenditure for the full fiscal year 2026 will be approximately $6.5 billion.
In Q2 2026, Costco's personalized product recommendation carousels on its e-commerce platforms drove over $470 million in sales.
Costco expects to open 28 net new warehouses in fiscal year 2026 and is targeting over 30 new openings per year in the coming years.
Costco's average unit volume (AUV) in Canada is approaching $300 million per location.