Overview

• Costco reported higher than expected quarterly revenue and profit, driven by steady grocery demand.
• Comparable sales grew modestly as consumers cut back on purchases of big-ticket discretionary items.
• Online sales declined compared to last year, with notable drops in categories like electronics.
• Costco says a membership fee increase is likely in the future but has not provided details on timing.
• The company added smaller ticket items to its offerings in response to changing consumer spending habits.