Costco (COST): FY26 Q1 earnings call, Dec 11, 2025
On its Dec 11, 2025 earnings call (FY26 Q1), Costco said 11 of the 17 words Kalshi and Polymarket listed; Parrot’s count agreed with all 17 settlements. Quotes below are at most 25 words each.
UpdatedMarkets
17 words · 11 settled yes · our count agreed on 17 of 17- Kalshi: company speakers + operator
Kalshi - Polymarket: anyone
Polymarket
backtest The probabilities on settled rows are a walk-forward backtest: the model as of before each event, computed after Parrot went live; they were not published at the time.
| Word | Result | Our count | All speakers | Agrees | Probability | Market |
|---|---|---|---|---|---|---|
| Membership | Yes | 25 | 28 | ✓ | 97%n=1+tx from settlement history blended with transcripts | – |
| Renewal | Yes | 12 | 17 | ✓ | 95%n=1+tx from settlement history blended with transcripts | – |
| Inflation | Yes | 10 | 11 | ✓ | 96%n=1+tx from settlement history blended with transcripts | – |
| Inventory | Yes | 7 | 8 | ✓ | 93%n=1+tx from settlement history blended with transcripts | – |
| Tariff | Yes | 6 | 6 | ✓ | 93%n=1+tx from settlement history blended with transcripts | – |
| Expansion | Yes | 5 | 8 | ✓ | 80%n=1+tx from settlement history blended with transcripts | – |
| Holiday | Yes | 5 | 10 | ✓ | 78%transcripts from the transcript model | – |
| Revenue | Yes | 4 | 4 | ✓ | 69%n=1+tx from settlement history blended with transcripts | – |
| Kirkland | Yes | 3 | 4 | ✓ | 95%n=1+tx from settlement history blended with transcripts | – |
| Labor | Yes | 1 | 1 | ✓ | 74%n=1+tx from settlement history blended with transcripts | – |
| Black Friday | Yes | 1 | 1 | ✓ | 38%transcripts from the transcript model | – |
| Spending | No | 0 | 0 | ✓ | 77%n=1+tx from settlement history blended with transcripts | – |
| Hot Dog | No | 0 | 0 | ✓ | 69%n=1+tx from settlement history blended with transcripts | – |
| Dividend | No | 0 | 0 | ✓ | 48%n=1+tx from settlement history blended with transcripts | – |
| Automation | No | 0 | 0 | ✓ | 18%transcripts from the transcript model | – |
| SNAP / Food Stamp | No | 0 | 0 | ✓ | 18%transcripts from the transcript model | – |
| Valuation | No | 0 | 0 | ✓ | 13%n=1+tx from settlement history blended with transcripts | – |
Market prices are mid quotes from Kalshi and Polymarket, shown for context, may be delayed by several minutes and are not a signal. Quotes as of Oct 21, 2026 04:22 UTC.
Transcript
quotes of at most 25 wordsSpeaker-labelled transcript · Source and credits · Used to count words; quotes of at most 25 words.
8 matches for “Margin”; 5 quoted, at least 25 words apart.
…helping us achieve mid-teen growth in pharmacy scripts filled and has improved margins while lowering prices to our members. We're now in the process of…
…the overall renewal rate over the next few quarters. Turning to gross margin, our reported rate was higher year over year by four basis points,…
…over year. Supply chain improvements and an increase in KS penetration benefited margins, as did additional marketing revenue. The improvement in core on core was…
…primarily driven by pharmacy and hearing aids. LIFO negatively impacted the gross margin rate by three basis points. We had a $1.9 million LIFO credit…
…to keep investing in the member and still expanding our our operating margins during the quarter. You know, that being said, we think of retail…
Where the listed words were said
…begun and is delivering tangible results. In the warehouse, implementation of scanning memberships at entry, the Costco digital wallet, and prescanning small to medium-sized baskets…
…and 105.9 million cardholders, up 5.1% year over year. In terms of renewal rates, at Q1 end, our US and Canada renewal rate was 92.2%.…
…the five days following Thanksgiving, up 12% from last year. Turning to inflation, overall, inflation remained relatively consistent with recent quarters. Fresh and food and…
…chain has remained stable, and our merchants feel very good about our inventory position. By optimizing our inventory flow and reducing some of the higher…
…great values while also adjusting our assortment to minimize the impact of tariffs. Gold and jewelry, special events, health and beauty were all up double…
…were refurbished home improvement warehouses. This approach broadens our options for market expansion and lowers the capital investment required. In addition to opening net new…
…merchandising results for Q1, here are a few fun facts about the holiday selling season so far. Our US food court set a daily record…
…of our new warehouse expansion has allowed us to consistently drive top-line revenue well in excess of our comparable sales and gain significant market share.…
…as well, with on-trend items such as Dubai chocolate performing very well. Kirkland Signature continues to grow at a faster pace than overall sales, with…
Agents: this page as TSV at /api/v1/appearances/costco:2025-12-11:earnings_call · words: /api/v1/brief?appearance=costco:2025-12-11:earnings_call · columnar JSON in #parrot-data · llms.txt · MCP