COST beats Q3 estimates as membership fees rise and digitally enabled comps surge 21.5%, boosted by record gas volumes and tech upgrades.
The last eight Seeking Alpha calls on Costco were holds or sells. Quant hasn't budged off “hold” in three years. But I'm still bullish. A 53x forward P/E on a wholesale retailer should scare you. I argue it's structural; it's the pricing of intangibles the market can't model otherwise. Q3 beat on revenue at $70.5B and grew EPS 15.2%, even with a few-cent miss. Membership income climbed 10.7% and grew 9.9% ex-FX.
Costco's Q3 earnings call spotlights strategic price cuts, record fuel volumes and surging digital demand as it doubles down on member value.
While the top- and bottom-line numbers for Costco (COST) give a sense of how the business performed in the quarter ended May 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Costco Wholesale NASDAQ: COST reported higher fiscal third-quarter earnings and sales as strong gasoline demand, continued membership growth and gains in digital sales supported results, executives said on the company's earnings call.
Costco's same-store sales rose 9.8% during its third quarter, well above Wall Street's estimates, as gasoline sales provided a nice bump.
Costco Wholesale Corporation (NASDAQ:COST, XETRA:CTO) reported fiscal third quarter financial results that topped Wall Street expectations, though shares were little changed in after-hours trading on Thursday. The warehouse retailer posted earnings of $4.93 per diluted share, slightly ahead of the consensus estimate of $4.91.
Costco reported higher third-quarter profit as the retailer continues to draw inflation-weary consumers.
Costco reported an increase in net sales compared to the year-ago period, with revenue beating Wall Street estimates. The retailer said adjusted comparable sales increased 6.6% for the quarter.
Costco Wholesale topped market expectations for third-quarter U.S. same store sales on Thursday, helped by demand for food and other essentials at its membership-only stores.
Every retirement portfolio screen this spring keeps surfacing the same name: Costco Wholesale (NASDAQ:COST | COST Price Prediction), the membership warehouse darling whose stock is up 16.72% year to date on the strength of 82.1 million paid members and a 89.7% worldwide renewal rate.
Stocks futures are pointing lower this morning after major indexes closed at record highs yesterday, as investors await economic data and earnings reports; a key inflation indicator is due to be released this morning; Snowflake shares are soaring after the cloud software company reported earnings and announced a paid of deals; Costco and Dell are scheduled to release their quarterly results after the closing bell; and FedEx Freight will start trading on Monday after completing a spinoff from its parent company. Here's what you need to know today.