Costco said it may lower prices if it receives refunds after the Supreme Court struck down tariffs imposed by President Donald Trump|Stu pendousmat|CC BY-SA 3.0
Costco Wholesale reported strong second-quarter results, beating Wall Street expectations as sales and membership revenue climbed.
The warehouse retailer posted earnings of $4.58 per share, up 13% from a year earlier and slightly above forecasts of $4.55. Total revenue reached $69.6 billion, marking a 9% increase and topping analysts’ estimates of $69.29 billion.
Comparable sales rose 7.4%, exceeding expectations of 6.3% growth. Digital demand remained a key driver, with online comparable sales surging 21.8%.
Membership fee revenue also strengthened, rising by more than 13% to $1.36 billion, ahead of projections.
Despite the upbeat results, Costco’s stock slipped. Shares had already dropped 2.4% during Thursday trading, falling below a key buy point and its 21-day moving average, trimming the company’s yearly gain to under 14%.
Costco also said it may lower prices if it receives refunds after the Supreme Court struck down tariffs imposed by President Donald Trump.
The company was among 1,000+ businesses that challenged the tariffs.