From CNBC: 2025-05-29 16:29:00

Costco’s quarterly earnings and revenue exceeded expectations, with sales increasing by 8%. Net income for the quarter ending May 11 rose to $1.90 billion, or $4.28 per share, compared to $1.68 billion the previous year. Costco could benefit from unpredictable tariff policies, potentially driving more customers to its warehouse clubs known for competitive prices and bulk discounts.

CEO Ron Vachris stated that customers rely on Costco more during challenging economic times. About a third of Costco’s U.S. sales are goods imported from other countries, with less than half from China, Mexico, and Canada. However, tariffs could lead to higher expenses for Costco, potentially resulting in increased prices for shoppers.

Shares of Costco are up approximately 10% this year, outperforming the S&P 500’s less than 1% gains. Other retailers like Best Buy and Walmart have already raised prices on certain products due to tariffs. Costco’s strong position in price negotiations with suppliers and value offerings may help mitigate potential price increases for consumers.

This is a developing story, stay tuned for updates on Costco’s performance and the impact of tariffs on consumer prices.



Read more at CNBC:: Costco (COST) Q3 2025 earnings