Costco (COST): FY26 Q2 earnings call, Mar 5, 2026
On its Mar 5, 2026 earnings call (FY26 Q2), Costco said 11 of the 15 words Kalshi listed; Parrot’s count agreed with all 15 settlements. Quotes below are at most 25 words each.
UpdatedMarkets
15 words · 11 settled yes · our count agreed on 15 of 15- Kalshi: company speakers + operator
Kalshi
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 | 23 | 28 | ✓ | 97%n=2+tx from settlement history blended with transcripts | – |
| Tariff | Yes | 14 | 14 | ✓ | 95%n=2+tx from settlement history blended with transcripts | – |
| Renewal | Yes | 13 | 16 | ✓ | 96%n=2+tx from settlement history blended with transcripts | – |
| Inflation | Yes | 12 | 14 | ✓ | 97%n=2+tx from settlement history blended with transcripts | – |
| Dividend | Yes | 6 | 7 | ✓ | 39%n=2+tx from settlement history blended with transcripts | – |
| Kirkland | Yes | 3 | 3 | ✓ | 95%n=2+tx from settlement history blended with transcripts | – |
| Expansion | Yes | 3 | 4 | ✓ | 86%n=2+tx from settlement history blended with transcripts | – |
| Inventory | Yes | 2 | 3 | ✓ | 94%n=2+tx from settlement history blended with transcripts | – |
| Revenue | Yes | 2 | 2 | ✓ | 80%n=2+tx from settlement history blended with transcripts | – |
| Spending | Yes | 1 | 1 | ✓ | 56%n=2+tx from settlement history blended with transcripts | – |
| Valuation | Yes | 1 | 1 | ✓ | 12%n=2+tx from settlement history blended with transcripts | – |
| Holiday | No | 0 | 0 | ✓ | 84%n=1+tx from settlement history blended with transcripts | – |
| Labor | No | 0 | 1 | ✓ | 78%n=2+tx from settlement history blended with transcripts | – |
| Hot Dog | No | 0 | 0 | ✓ | 50%n=2+tx from settlement history blended with transcripts | – |
| Automation | 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 20, 2026 15:46 UTC.
Transcript
quotes of at most 25 wordsSpeaker-labelled transcript · Source and credits · Used to count words; quotes of at most 25 words.
14 matches for “Tariff”; 5 quoted, at least 25 words apart.
…before turning it back over to Gary. Let me start by addressing tariffs, as I know this topic is of great interest to our members…
…agility and urgency, always with the goal of reducing the impact of tariff on prices for our members. We believe our expertise in buying and…
…supply chain and sourcing more items domestically. Let's move to regarding IEEPA tariff refunds. It is not yet clear what the process will be, what…
…pass the full cost on to our members. The complexity of the tariffs implemented over the past year, including layering of different tariffs on top…
…commodities. We will continue to be a pricing authority and as some tariffs have been reduced, we are lowering prices on affected items such as…
Where the listed words were said
…price deflation and changes in FX. Moving down the income statement to membership fee income. We reported membership fee income of $1.355 billion, an increase…
…around sort of short-term blips when there's questions around port strikes and tariffs. Overall, our results have been very consistent in that 6% to 7%.…
…last year and 147.2 million cardholders, up 4.7% year-over-year. In terms of renewal rates, at Q2 end, our U.S. and Canada renewal rate was 92.1%,…
…market share growth in eggs because of our strong value proposition. Overall inflation decreased slightly in Q2 as we saw lower inflation in foods and…
…subject to Board approval, we want to continue to grow the regular dividend because we think that's a core sort of fundamental part of demonstrating…
…there is instability in the region for a sustained period of time. Kirkland Signature remains a top focus to deliver great value for our members…
…both in employees and in pricing and in the business overall and expansion, as Gary mentioned and I mentioned in the earlier talk that we…
…down with lower prices for our members. But because we turn the inventory so quickly, we also tend to get some financial benefit in there.…
…us in terms of adding younger new members and helping with total revenue growth and some of the comments I made about the membership growth,…
…to more of those marketing dollars that our vendors and suppliers are spending. Our first priority is really to build the capabilities internally around delivering…
…balance on our balance sheet today. And we do think, with our valuation, the special dividend is probably the most effective way to return excess…
Agents: this page as TSV at /api/v1/appearances/costco:2026-03-05:earnings_call · words: /api/v1/brief?appearance=costco:2026-03-05:earnings_call · columnar JSON in #parrot-data · llms.txt · MCP