"When Costco reported its Q3 earnings on May 29, it announced net income of $1.9 billion and diluted EPS of $4.28 compared to $1.68 billion and $3.78, respectively, year-over-year. The company beat Wall Street estimates for both revenue and EPS while also reporting an 8% jump in sales, with CEO Ron Vachris saying on the earnings call that Costco rushed shipments ahead of tariffs and has rerouted goods from countries with higher tariffs to non-U.S. markets."
"The warehouse retail club, headquartered in Issaquah, Wash., sells high volumes of foods and general merchandise at discounted prices through membership warehouses. With 905 locations worldwide and 624 locations in the U.S., it is the largest warehouse club, ahead of rivals Sam's Club, Wholesale Club and BJ's, and boasts nearly 136.8 million members. Costco's volume discount warehouse pricing model has been a life preserver for many families pooling resources to buy in bulk and divide afterwards. This has been a key driver of recent growth."
Costco's stock rose 1.30% over the past month after a prior 3.87% decline and has gained 7.33% since its March 13 low. The company pays a quarterly dividend of $1.29 per share, yielding 0.54%. Q3 results on May 29 showed net income of $1.9 billion and diluted EPS of $4.28 versus $1.68 billion and $3.78 a year earlier, with an 8% sales increase and beats on revenue and EPS. Management expedited shipments ahead of tariffs and rerouted goods from higher-tariff countries to non-U.S. markets. Costco operates 905 stores worldwide, serving nearly 136.8 million members. E-commerce is growing about 15% and should remain a key growth driver.
Read at 24/7 Wall St.
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