Valuation

If Valuation is said by any Costco representative (including the operator of the call) during the next Costco earnings call (including the Q+A), then the market resolves to Yes.

How this is resolved

Video of the Costco earnings call.

If a consensus by Kalshi employees cannot be reached using video, transcripts of the Costco earnings call will be used according to the news publications listed in the contract.

Payout criteria

The exact phrase/word, or a plural or possessive form of the phrase/word.

Doesn't count for payout

Grammatical/tense inflections.

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Outcome verified from Costco Wholesale Corporation Investor Events.