Costco on Thursday surpassed Wall Street’s quarterly expectations as its sales rose 8.2% year over year.
The warehouse club does not share a full-year outlook. The company is expected to share more details about the quarter during an earnings call, which starts at 5 p.m. ET.
Here’s how Costco did in its fiscal first quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
Earnings per share: $4.50 vs. $4.27 expected
Revenue: $67.31 billion vs. $67.14 billion expected
Costco has attracted new members and higher sales at its clubs and online as U.S. consumers across incomes seek value while shopping for groceries, household essentials, holiday gifts and more.
Along with its warehouse club competitors, Costco has gained traction with younger customers who are signing up for memberships. Costco has also benefitted from a membership fee increase in the U.S. and Canada, which took effect in September 2024, and kicked in as new members signed up or as existing customers’ renewed their annual memberships when they lapsed.
In the three-month period that ended Nov. 23, Costco’s net income rose to $2 billion, or $4.50 per share, from $1.80 billion, or $4.04 per share, in the year-ago quarter. Revenue increased to $67.31 billion from $62.15 billion in the year-ago quarter.
Comparable sales, an industry metric that takes out the impact of one-time factors like store openings and closures, increased 5.9% in the U.S. and 6.4% across the globe. Digital sales jumped by 20.5% year over year.
Source: https://www.cnbc.com/2025/12/11/costco-cost-earnings-q1-2026.html
