Costco (COST): FY26 Q4 earnings call, Sep 24, 2026
On its Sep 24, 2026 earnings call (FY26 Q4), Costco said 14 of the 26 words Kalshi and Polymarket listed; Parrot’s count agreed with all 26 settlements. Quotes below are at most 25 words each, with timed clips.
UpdatedMarkets
26 words · 14 settled yes · our count agreed on 26 of 26- 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 | Clip | Market |
|---|---|---|---|---|---|---|---|
| Quarter 15+ times | Yes | 63 | 63 | ✓ | 86%transcripts from the transcript model | Hear it 0:08, Quarter 15+ times | – |
| Tariff | Yes | 17 | 20 | ✓ | 95%n=4+tx from settlement history blended with transcripts | Hear it 8:09, Tariff | – |
| Kirkland | Yes | 11 | 12 | ✓ | 93%n=4+tx from settlement history blended with transcripts | Hear it 20:03, Kirkland | – |
| Spending | Yes | 8 | 8 | ✓ | 74%n=4+tx from settlement history blended with transcripts | Hear it 8:02, Spending | – |
| GLP-1 / GLP 1 | Yes | 4 | 5 | ✓ | 43%transcripts from the transcript model | Hear it 5:01, GLP-1 / GLP 1 | – |
| Gold | Yes | 3 | 3 | ✓ | 92%transcripts from the transcript model | Hear it 13:45, Gold | – |
| Instacart | Yes | 2 | 2 | ✓ | 83%n=1+tx from settlement history blended with transcripts | Hear it 6:54, Instacart | – |
| Protein | Yes | 2 | 2 | ✓ | 82%transcripts from the transcript model | Hear it 19:17, Protein | – |
| Iran / Middle East | Yes | 2 | 2 | ✓ | 64%transcripts from the transcript model | Hear it 15:35, Iran / Middle East | – |
| Middle East | Yes | 2 | 2 | ✓ | 63%transcripts from the transcript model | Hear it 15:35, Middle East | – |
| Expansion | Yes | 1 | 2 | ✓ | 89%n=4+tx from settlement history blended with transcripts | Hear it 6:45, Expansion | – |
| Holiday | Yes | 1 | 2 | ✓ | 59%n=3+tx from settlement history blended with transcripts | Hear it 31:39, Holiday | – |
| Labor | Yes | 1 | 1 | ✓ | 45%n=4+tx from settlement history blended with transcripts | Hear it 14:36, Labor | – |
| Churro | Yes | 1 | 2 | ✓ | 19%transcripts from the transcript model | Hear it 19:36, Churro | – |
| Customer 10+ times | No | 4 | 4 | ✓ | 12%transcripts from the transcript model | Hear it 51:00, Customer 10+ times | – |
| Retail Media | No | 0 | 0 | ✓ | 89%transcripts from the transcript model | – | |
| Revenue | No | 0 | 0 | ✓ | 83%n=4+tx from settlement history blended with transcripts | – | |
| Dividend | No | 0 | 0 | ✓ | 76%n=4+tx from settlement history blended with transcripts | – | |
| Hot Dog | No | 0 | 0 | ✓ | 61%n=4+tx from settlement history blended with transcripts | – | |
| Buyback / Buy Back | No | 0 | 0 | ✓ | 47%transcripts from the transcript model | – | |
| Valuation | No | 0 | 0 | ✓ | 47%n=4+tx from settlement history blended with transcripts | – | |
| Google / YouTube | No | 0 | 0 | ✓ | 43%transcripts from the transcript model | – | |
| Cannibalization | No | 0 | 0 | ✓ | 34%n=1+tx from settlement history blended with transcripts | – | |
| Gold Bar | No | 0 | 0 | ✓ | 27%n=1+tx from settlement history blended with transcripts | – | |
| Peptide | No | 0 | 0 | ✓ | 18%transcripts from the transcript model | – | |
| Automation | No | 0 | 0 | ✓ | 11%n=3+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.
50 matches for “Membership”; 5 quoted, at least 25 words apart.
…mostly incremental, with limited impact on our core warehouse grocery business. Our membership continues to be the most important item we sell, and the additional…
…price inflation and changes in FX. Moving down the income statement to membership fee income. We reported membership fee income of $1.849 billion, an increase…
…last quarter in which we will see a year-over-year benefit from the membership fee increase. Excluding the membership fee increase in FX, membership income grew…
…mentioned earlier, in the longer term, we would also expect higher executive membership penetration to lead to a further improvement in renewal rates as executive…
…and travel led the way and are all great examples of how we grow share of wallet and deliver increased value from a Costco membership.
Where the listed words were said
…I would like to welcome everyone to the Costco Wholesale Corporation fourth quarter fiscal year 2026 conference call. All lines have been placed on mute…
…over time, they grow into higher-spending members. Finally, I'll touch briefly on tariff refunds, and Gary will share more details later in the call. As…
…high-fiber options such as edamame and granola snacks, all experienced strong growth. Kirkland Signature items play an important role in how we deliver greater value…
…about in prior quarters. Our members continue to show resilience in their spending, and they show a willingness to spend in discretionary areas where they're…
…expanding our digital capabilities. We increased member value and convenience through our GLP-1 and fertility programs, as well as digital options like RX mobile pay…
…Non-foods comp sales were up mid to high single digits. Top-performing departments were gold and jewelry, home furnishings, housewares, small electrics, and health and beauty.
…These partnerships will complement the successful long-term partnership that we've had with Instacart in the U.S. and Canada. Members using these new marketplaces are significantly…
…commitment to great quality and value fueled continued growth in both lower-cost proteins, such as poultry and ground beef, as well as premium items such…
…and inflation on items directly affected by the ongoing conflict in the Middle East, such as gas, motor oil, and resins, were the biggest drivers.…
…I think especially because of the uncertainty around the situation with the Middle East and how long that might impact and what you might see…
…back to a little bit more normalcy. Feel very good about the holidays, feel very good about the buying lineup that our folks have. As…
…efficiencies drove margin improvement across all categories. Fresh also benefited from higher labor productivity in meat, bakery and deli. Non-foods benefited from strong sell-through rates…
Agents: this page as TSV at /api/v1/appearances/costco:2026-09-24:earnings_call · words: /api/v1/brief?appearance=costco:2026-09-24:earnings_call · columnar JSON in #parrot-data · llms.txt · MCP