Costco Q3 Earnings Beat, E-Commerce Jumps 15%

Costco reported fiscal third-quarter net income of $1.90 billion and earnings per share of $4.28, beating analyst estimates. Sales increased 8% year-over-year to nearly $62 billion, though revenue was slightly below some expectations due to reduced spending on non-essentials amid economic uncertainty and tariffs. Comparable sales grew 5.7% globally (8% when adjusted), with U.S. comparable sales up 6.6%. E-commerce sales surged nearly 15% year-over-year. Analysts and company leadership cited Costco’s high-margin membership model, private label offerings, and strong supplier relationships as drivers of resilience in a challenging retail market. Shares showed a modest increase, reflecting continued confidence in Costco's growth.