Costco tops earnings, revenue estimates as warehouse club wins over younger members
1. Costco's earnings exceeded expectations with $5.87 EPS, $86.16 billion revenue. 2. Same-store sales increased by 6.4%, but growth decelerates over two quarters. 3. E-commerce sales rose 13.5% as younger consumers prefer online shopping. 4. Costco is managing tariff costs effectively, predominantly from grocery sales. 5. Overall shares increased 180% over five years but lagged in 2023.