Costco (COST): FY26 Q3 earnings call, May 28, 2026
On its May 28, 2026 earnings call (FY26 Q3), Costco said 13 of the 18 words Kalshi listed; Parrot’s count agreed with all 18 settlements. Quotes below are at most 25 words each, with timed clips.
UpdatedMarkets
18 words · 13 settled yes · our count agreed on 18 of 18- 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 | Clip | Market |
|---|---|---|---|---|---|---|---|
| Membership | Yes | 31 | 35 | ✓ | 98%n=3+tx from settlement history blended with transcripts | Hear it 5:57, Membership | – |
| Inflation | Yes | 23 | 25 | ✓ | 97%n=3+tx from settlement history blended with transcripts | Hear it 8:15, Inflation | – |
| Renewal | Yes | 9 | 9 | ✓ | 97%n=3+tx from settlement history blended with transcripts | Hear it 10:11, Renewal | – |
| Tariff | Yes | 6 | 9 | ✓ | 96%n=3+tx from settlement history blended with transcripts | Hear it 3:17, Tariff | – |
| Kirkland | Yes | 4 | 4 | ✓ | 94%n=3+tx from settlement history blended with transcripts | Hear it 3:41, Kirkland | – |
| Dividend | Yes | 4 | 5 | ✓ | 62%n=3+tx from settlement history blended with transcripts | Hear it 38:11, Dividend | – |
| Inventory | Yes | 3 | 4 | ✓ | 94%n=3+tx from settlement history blended with transcripts | Hear it 18:17, Inventory | – |
| Spending | Yes | 3 | 3 | ✓ | 66%n=3+tx from settlement history blended with transcripts | Hear it 6:48, Spending | – |
| Expansion | Yes | 2 | 2 | ✓ | 89%n=3+tx from settlement history blended with transcripts | Hear it 17:29, Expansion | – |
| Revenue | Yes | 1 | 1 | ✓ | 82%n=3+tx from settlement history blended with transcripts | Hear it 19:57, Revenue | – |
| Instacart | Yes | 1 | 1 | ✓ | 78%transcripts from the transcript model | Hear it 58:57, Instacart | – |
| Hot Dog | Yes | 1 | 1 | ✓ | 46%n=3+tx from settlement history blended with transcripts | Hear it 37:56, Hot Dog | – |
| Valuation | Yes | 1 | 1 | ✓ | 33%n=3+tx from settlement history blended with transcripts | Hear it 38:29, Valuation | – |
| Holiday | No | 0 | 0 | ✓ | 63%n=2+tx from settlement history blended with transcripts | – | |
| Cannibalization | No | 0 | 0 | ✓ | 54%transcripts from the transcript model | – | |
| Labor | No | 0 | 0 | ✓ | 52%n=3+tx from settlement history blended with transcripts | – | |
| Gold Bar | No | 0 | 0 | ✓ | 43%transcripts from the transcript model | – | |
| Automation | No | 0 | 1 | ✓ | 12%n=2+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.
9 matches for “Tariff”; 5 quoted, at least 25 words apart.
…more with us in the warehouse. We're closely monitoring the longer-term inflationary impacts of higher oil prices, as well as the future impacts of tariffs.
…new Kirkland Signature items in the third quarter. On the topic of tariffs, we've started submitting our refund claims for the IEEPA tariffs. We are…
…is to return to our members in some form the portion of tariffs that were passed on to them. How much we return and when…
…cost declines. One of your peers talked about sort of eating some tariffs, maybe passing through the price earlier even though they had pre-tariff inventory.…
…your examples was you saw some inventory that we had during higher tariffs. Now we're getting the lower priced goods in. We may go down…
Where the listed words were said
…have made include improvements to the mobile wallet, the introduction of digital membership card quick access on the Costco app, and the rollout of our…
…2025. Comparable sales were up 9.8% and 6.6% adjusted for gas price inflation and FX. Excluding gas sales entirely and adjusting for the impact of…
…last year, and 148.5 million cardholders up 4% year-over-year. In terms of renewal rates at Q3 end, our U.S. and Canada renewal rate was 92.2%,…
…up on items as they were concerned about the impacts of what tariffs might mean on costs. I think you see some of that showing…
…significant growth in other items such as protein snacks and protein bars. Kirkland Signature is also driving growth in food and sundries. We continue to…
…investments, as that being the top priority, we're also growing the regular dividend over time, as you know, and we sort of continue to buy…
…supply chain is generally stable, and our merchants feel good about our inventory position heading into the summer. We have relatively low inventory exposure to…
…is a strong driver of loyalty as it is often our highest spending members who are using this service. Finally, as we learn more about…
…value on pet medications, acceptance of Medicare D over-the-counter flex cards, and expansion of our mail order and specialty pharmacy offerings. Gas comps were positive…
…significant milestone on our journey towards increasing our share of retail media revenue. That concludes our prepared remarks. In terms of upcoming releases, we will…
…offered, particularly the extended opening hours and the $10 per month on Instacart if you spend over a certain level. Sorry, what was the second…
…excess cash beyond those priorities, and we believe that at our current valuation, special dividend is typically the most effective way to return excess cash…
Agents: this page as TSV at /api/v1/appearances/costco:2026-05-28:earnings_call · words: /api/v1/brief?appearance=costco:2026-05-28:earnings_call · columnar JSON in #parrot-data · llms.txt · MCP