Costco quarterly revenue reaches $95.72 billion, beating estimates

  • Costco Wholesale reported fourth-quarter revenue above Wall Street expectations.
  • $95.72 billion in revenue surpassed LSEG’s $94.86 billion estimate.
  • Costco’s adjusted earnings reached $6.60 per share, above the $6.53 estimate.

Costco Wholesale reported fourth-quarter revenue of $95.72 billion, exceeding Wall Street’s $94.86 billion estimate as shoppers facing high inflation continued buying essential goods in bulk. Adjusted earnings reached $6.60 per share, ahead of the $6.53 estimate, while earnings benefited by 15 cents per diluted share from tariff refunds under the International Emergency Economic Powers Act. Higher store traffic and larger average baskets supported growth as consumers consolidated shopping trips. Costco’s gas stations, which generally price fuel below market levels, also attracted price-sensitive customers as the Iran war pushed fuel prices higher.

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