Costco tops earnings, revenue estimates as warehouse club gains more members
Costco reported strong quarterly results, surpassing analyst expectations with earnings of $5.87 per share and revenue of $86.16 billion. Membership income grew significantly, aided by a strategic pivot to U.S.-made goods amidst tariffs. E-commerce surged, attracting younger consumers. Despite minor stock declines post-announcement, Costco remains a leader in value retailing.