Costco reports third quarter net sales up 11.6 percent
Net income rose to $2.19 billion, with total company comparable sales up 9.8%.
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Membership warehouse club retailer
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In short: Costco faced a class action lawsuit over alleged tariff double-charging while cutting prices on Kirkland Signature items to combat inflation.
Net income rose to $2.19 billion, with total company comparable sales up 9.8%.
Net sales reached $23.92 billion, up 13.0% from last year. Comparable sales increased 11.6%.
The Board raises it from $1.30 to $1.47 per share, payable May 15, 2026 to shareholders of record on May 1, 2026.
Sales increased 11.3% from last year. Comparable sales rose 9.4% overall, with digitally-enabled sales up 23.3%.
Wall Street analysts are bullish on this blue-chip stock with a 16% upside forecast.
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