The shares were little changed Thursday in after-hours trading in New York. So far this year, the stock has advanced 10%.
Costco Wholesale posted better-than-expected earnings in the third quarter, a sign that the nation’s largest club chain is flexing its scale and devoted following to navigate tariffs and economic turbulence.
The retailer said it generated earnings per share of US$4.28 for the quarter ended May 11, above what Wall Street analysts were expecting. The metric suggests that Costco is maintaining profitability even as consumers prioritise necessities to save money.
