CLAIM #16945 · Costco Wholesale Corp (COST) · 2026Q3 earnings call · May 28, 2026 · due May 28, 2031
“In Canada, yes, we have a lot of upside potential. We have got some clubs. We have got the next 3 to 5 years charted out. So we see consistent strong growth in Canada for at least the next 5 years, and then we will have to come back and evaluate where we are going.”
Ron Vachris · CEO
How to check this claim
Look at: Costco Canada comparable club sales growth (or Canada net new club count, as disclosed)
It came true if: Canada comparable sales growth > 0% in each fiscal year through FY2031
Where: Company-disclosed segment/regional sales commentary (10-K / quarterly earnings calls)
In context
“t was a little bit higher year over year. But as the rate of sales, obviously, was significantly lower. Analyst (Greg Melich): Got it and good luck. Thanks, Gregory. Operator: And our next question comes from the line of John Heinbockel with Guggenheim Partners. Your line is open. Analyst (John Heinbockel): Hey, guys. Maybe Ron. 2 related questions. What does the club pipeline look? And I know it is multiyear. Club pipeline look like in Europe and Asia. Let's say, over the next 3 years? Right? And you know, where is there the sort of the greatest you know, backlog of clubs coming And then secondly, when you think about capacity in Canada, right, where you have got some very high AUVs, I you have adding clubs What is the capacity, dynamic look like in that country? Ron Vachris: Yeah. Okay. In Canada, yes, we have a lot of upside potential. We have got some clubs. We have got the next 3 to 5 years charted out. So we see consistent strong growth in Canada for at least the next 5 years, and then we will have to come back and evaluate where we are going. In Asia, you know, great opportunities remain in China. In Korea, and in Japan. Taiwan, we do see opportunity for a few more locations in that region, but we think primarily those are the 3 big countries have the greatest potential for us as well. Europe, we are still very young in France, and we see that coming. Spain has got the shorter leeway that we see significant growth in Spain over the next 3 years as well. And The UK has been very strong for us the last 3 years So I think we see some very good things coming in The UK as well. So we see very strong international expansion over the next 5 to 10 years. And those countries would probably be the leaders outside of North America. Analyst (John Heinbockel): Okay. Thank you. Operator: And our final question comes from the line of Christo”
Verify independently
SEC filings for COST ↗ · Claim quote is verbatim from the 2026Q3 earnings call.