Overview

• Comparable sales rose 6.3% on an adjusted basis, with gains of 6% in the U.S., 8.3% in Canada, and 7.2% across other international markets.
• E-commerce increased about 13.5% on an adjusted basis, and the company upgraded its app with improved search and password-less sign-in to deepen engagement with younger members.
• Earnings per share reached $5.87, topping estimates, as revenue grew 8% year over year with higher traffic and average transaction values.
• Membership-fee revenue climbed 14% to $1.72 billion, paid households reached roughly 81 million, and executive memberships rose 9.3% to 38.7 million.
• Management is offsetting tariff pressures through sourcing shifts and Kirkland substitutions; after opening 24 warehouses in fiscal 2025, it targets about 35 in 2026, while shares remain roughly flat this year.