Costco Reports Strong Q3 Results Exceeding Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 29 2026
0mins
Source: CNBC
- Significant Revenue Growth: Costco's total revenue for Q3 of fiscal 2026 increased by 11.6% year-over-year to $70.53 billion, surpassing Wall Street's expectations of $69.81 billion, demonstrating the company's robust performance in a high-inflation environment and further solidifying its market position.
- Steady Membership Income: Membership fee income grew by 10.7% to $1.37 billion, slightly exceeding FactSet's estimate of $1.36 billion, reflecting effective strategies in attracting and retaining members, which strengthens the revenue base for the future.
- Accelerated Sales Growth: Comparable sales rose by 9.8% in Q3, a significant acceleration from 7.4% in the previous quarter, driven by a 2.4% increase in traffic and a 7.3% rise in ticket size, indicating growing consumer recognition of Costco's value proposition.
- Warehouse Expansion Plans: Costco opened four new warehouses this quarter and plans to open 12 more in the final quarter of fiscal 2026; although the total planned openings of 26 this year are down from 28 previously targeted, the company aims to increase openings to over 30 annually in the future, demonstrating its commitment to expansion.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise
44 Analyst Rating
41 Buy
3 Hold
0 Sell
Strong Buy
Current: 237.500
Low
175.00
Averages
280.01
High
325.00
Current: 237.500
Low
175.00
Averages
280.01
High
325.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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