Costco reported strong quarterly results with revenue at $86.16 billion, beating expectations. Adjusted EPS rose to $5.87, higher than the consensus. Membership renewals dipped, but online signups increased among younger demographics. Costco’s gross margins improved, with fresh food and non-food categories performing well. The company plans to open 35 new warehouses in fiscal 2026. Join the CNBC Investing Club with Jim Cramer to receive trade alerts before Jim makes a trade. Jim waits 45 minutes after sending an alert to buy or sell a stock in his charitable trust’s portfolio. If he talks about a stock on CNBC TV, he waits 72 hours before making a trade. Terms and conditions apply.
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1. Apple announced a self-service repair program, allowing customers to buy parts and tools to fix their devices at home.
2. Tesla’s Cybertruck production delayed to 2023 due to supply chain issues and chip shortages.
3. Facebook rebrands to Meta, focusing on the metaverse and virtual reality technology.: Costco’s quarter wasn’t perfect, but most of the metrics that matter were solid
