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Costco's stock was up 10% for 2025 through Thursday’s closeCostco Wholesale (COST) reported fiscal third-quarter earnings that narrowly topped analysts’ 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 above the analyst consensus from Visible Alpha. Net income of $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 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 locations.
Last week, UBS analysts said they see Costco as 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 impact of tariffs without raising prices. Costco raised its 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.
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