Costco Tops Earnings Forecast on Strong Shopper Demand

2026-03-06 01:59:49

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Costco Wholesale Corp. reported better-than-expected quarterly profit, driven by strong shopper demand and increased membership fees. The company’s profits rose to $4.58 per share, surpassing Bloomberg estimates, and membership fees totaled $1.36 billion. Costco continues to gain market share by offering value and expanding digital services, including partnerships with third-party delivery companies and new offerings like cake delivery, which is attracting a younger demographic.

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