Costco Wholesale Corp (XTER:CTO)
€ 805.2 -1.9 (-0.24%) Market Cap: 356.92 Bil Enterprise Value: 346.51 Bil PE Ratio: 46.10 PB Ratio: 12.13 GF Score: 96/100

Q1 2026 Costco Wholesale Corp Earnings Call Transcript

Dec 11, 2025 / 10:00PM GMT
Release Date Price: €746.5 (-1.14%)
Operator

Ladies and gentlemen, thank you for standing by. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Costco Wholesale Corporation first-quarter 2026 earnings call. (Operator Instructions)

Thank you. And I would now like to turn the conference over to Gary Millerchip, Chief Financial Officer. You may begin.

Gary Millerchip
Costco Wholesale Corp - Chief Financial Officer, Executive Vice President

Good afternoon, everyone, and thank you for joining us for Costco's first-quarter 2026 earnings call. I'd like to start by reminding you that these discussions will include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that may cause actual events, results and/or performance to differ materially from those indicated by such statements.

The risks and uncertainties include, but are not limited to, those outlined in today's call, as well as other risks identified from time to time in

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