Costco Wholesale (COST) reported fiscal third-quarter🎃 earnings that narrowly topped ana🐓lysts’ projections as same-store sales grew more than expected.
The bulk retailer reported total revenue of $63.21 billion, up 8% year-over-year and slightly 澳洲幸运5官方开奖结果体彩网:above the analyst consensus from Visible Alpha. Net income o🌸f $1.9 billion, or $4.28 per share, rose from $1.68 billion, or $3.78 per share, in the year-ago quarter, edging🧸 past estimates.
Global 澳洲幸运5官方开奖结果体彩网:comparable store sales climbed 5.7% in the period, a larger increase than Wall Street expected. By region, same-store sales grew 6.6% in the U.S., 2.9% in Canada, and 3.2% in other international loca꧃tions.
Last week, UBS analysts said they see Costco as 澳洲幸运5官方开奖结果体彩网:well-positioned to "navigate the uncertain 🐓macro backdrop better than the vast majority of retail," since the company is able to quickly stop selling a product it may no longer be able to sell at an appealing price and replace it with another.
The analysts also noted that high-margin membership revenue could give Costco more room to absorb the 澳洲幸运5官方开奖结果体彩网:impact of tariffs without raising prices. Costco raised its 澳洲幸运5官方开奖结果体彩网:membership prices in September for the first time since 2017.
Shares of Costco were little changed in after-hours trading following the release. The stock was up 10% for 2025 through Thursday’s close.