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Costco Tops Q3 Forecasts with 8% Sales Growth

Leveraging bulk-pricing power with scale, Costco cushioned members from tariff-driven cost increases

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Overview

  • Net income rose to $1.90 billion, or $4.28 per share, up from $1.68 billion and $3.78 a year earlier
  • Revenue climbed to $63.21 billion, beating the $63.19 billion estimate and up from $58.52 billion a year ago
  • About one-third of U.S. sales come from imports, giving Costco supplier leverage while exposing it to rising tariff costs
  • Best Buy and Walmart have already raised or plan to raise prices on tariff-affected goods, underscoring industrywide cost pressures
  • Shares have gained about 10% in 2025, outpacing the S&P 500’s sub-1% return as members seek value in uncertain economic conditions