Overview

• The retailer posted revenue of $86.16 billion and adjusted EPS of $5.87, topping Wall Street estimates.
• Comparable sales excluding gas rose 6.4% with U.S. comps up about 6% and e-commerce growing in the mid-teens.
• Membership fee income increased roughly 14% to about $1.72 billion as cardholders grew 6.1%, though renewal rates ticked down about 40 basis points globally, according to one firm’s note.
• Management reported weaker demand for discretionary categories and said it is adjusting assortments and sourcing to manage tariff pressures while staples and private-label items drove traffic.
• Shares fell around 2% Friday as several analysts revised targets, including JP Morgan cutting to $1,050, Bernstein nudging up to $1,140, and Telsey reiterating Outperform at $1,100.