Costco (COST) Q1 2026 Earnings Call Transcript
View original at nasdaq.comCostco (COST) Q1 2026 Earnings Call Transcript Image source: The Motley Fool. DATE Thursday, Dec. 11, 2025 at 5 p.m…
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Renewal rate may still see a slight decline over next few quarters due to digitally-signed members with lower renewal rates
80% confidenceKirkland Signature is growing faster than overall sales with 15-20% value proposition vs national brands
80% confidenceExecutive membership upgrades saw a 'nice uptick' from extended hours and Instacart benefits
80% confidencePersonalization system launched in Q1 showed positive sales lift
80% confidenceQ1 was the first quarter where healthcare costs grew at faster pace than sales, creating SG&A headwinds
80% confidenceAI pharmacy inventory system improved in-stock levels to >98% with mid-teens script fill growth
80% confidenceFY2025 warehouse openings are achieving $192M annualized productivity per warehouse vs $150M for FY2023 openings
80% confidenceWarehouse relocations typically generate 20-60% sales uplift
80% confidenceTargeted communications to expiring digitally-signed members showing early success in improving renewal rates
80% confidenceExcluding tax benefits, net income and EPS grew 13.6% year-over-year in Q1 2026
80% confidenceExtended operating hours for executive members generated estimated ~1% sales lift
80% confidenceLong-term geographic target is approximately 50% US and 50% international across Canada, Mexico, Europe, Asia, and Australia
80% confidence