Trending Now - Costco Surpasses Expectations With 11% Sales Growth in Q3

WHO:

Yahoo Finance - Ron Vachris, President and Chief Executive Officer of Costco

CNBC - Ron Vachris, CEO of Costco

WHAT:

Yahoo Finance - Costco reported net income of $2.192 billion, or $4.93 per diluted share, for the 12 weeks ended May 10, up from $1.903 billion, or $4.28 per diluted share, a year earlier.

Yahoo Finance - Net sales increased 11.6% to $69.15 billion from $61.96 billion in the prior-year quarter.

Yahoo Finance - Comparable sales rose 9.8%, or 6.6% excluding gasoline price inflation and foreign exchange.

CNBC - Costco reported net sales of $69.15 billion, up 11.6% from last year, and adjusted comparable sales were up 6.6% for the quarter.

CNBC - Digital sales increased nearly 21%.

Yahoo Finance - Membership fee income rose 10.7% year over year to $1.373 billion.

Yahoo Finance - Paid members reached 82.9 million, up 4.1% from a year earlier.

WHERE:

Yahoo Finance - Costco operates a global chain of membership-only warehouse clubs.

CNBC - Shopping occurred at Costco Wholesale stores, including locations in Bayonne, New Jersey.

WHEN:

Yahoo Finance - The fiscal third quarter ended on May 10.

CNBC - The company expects to open 26 net new warehouses in fiscal 2026.

WHY:

Yahoo Finance - Higher consumer price sensitivity led many members to use Costco gas stations for the first time.

CNBC - Rising fuel prices amid the war in the Middle East drove record-breaking volumes for gas.

HOW:

Yahoo Finance - Costco's gas business was a standout, with all three four-week fiscal periods in the quarter setting successive all-time company volume sales records.

Yahoo Finance - Costco plans to return tariff refunds to members based on approved claims, with submissions expected to take place over the next few months.

(UPDATED May 29, 2026 06:21 UTC)

Costco has reported impressive financial results, with a net income of $2.192 billion, or $4.93 per diluted share, for the 12 weeks ended May 10, marking a significant increase from $1.903 billion a year earlier. The company also saw net sales rise to $69.15 billion, an 11.6% jump from the previous year, while digital sales surged nearly 21%, and membership fee income grew to $1.373 billion with paid members reaching 82.9 million. Looking ahead, Costco plans to open 26 net new warehouses in fiscal 2026 and will be returning tariff refunds to members based on approved claims in the coming months.