Costco Wholesale Corp

COST: XNAS (USA)

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Costco Earnings: Market Share Gains Look Impressive, but Investors Baking in Overzealous Assumptions

Noah Rohr

May 30, 2025

Costco's revenue improved by 8% in its fiscal third quarter 2025, underpinned by 5.7% comparable sales growth (8% excluding gas and currency) and modest store growth. Operating margin expanded 20 basis points to 4.0% and adjusted EPS grew by 13% to $4.28. Membership renewal rate exceeded 90%.

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Costco Wholesale Corp

Costco Earnings: Market Share Gains Look Impressive, but Investors Baking in Overzealous Assumptions

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