Costco Wholesale Corporation (NASDAQ:COST, XETRA:CTO) reported fiscal third quarter financial results that topped Wall Street expectations, though shares were little changed in after-hours trading on Thursday.
The warehouse retailer posted earnings of $4.93 per diluted share, slightly ahead of the consensus estimate of $4.91.
Revenue came in at $70.53 billion, above expectations of $69.50 billion and up from the prior-year period.
Net income for the quarter ended May 10 rose to $2.19 billion, or $4.93 per share, compared with $1.90 billion, or $4.28 per share, a year earlier.
Net sales increased 11.6% year over year to $69.15 billion from $61.96 billion.
Comparable sales for the quarter rose 9.8%, or 6.6% excluding the impacts of gasoline prices and foreign exchange fluctuations.
By region, comparable sales increased 9.4% in the U.S., 10.7% in Canada, and 11.2% in other international markets.
Digitally enabled comparable sales climbed 21.5% during the quarter.
For the first 36 weeks of fiscal 2026, Costco reported net income of $6.23 billion, or $14.01 per diluted share, compared with $5.49 billion, or $12.34 per diluted share, in the same period last year. Revenue for the period rose 9.6% to $203.37 billion.
Costco said it currently operates 931 warehouses globally, including 639 in the United States and Puerto Rico and 115 in Canada.