Costco Wholesale Corp

Costco Wholesale posted a solid fiscal third quarter for 2026, delivering earnings and revenue that edged past Wall Street expectations as the membership warehouse giant continued to demonstrate the durability of its model. The company earned $4.93 per diluted share, a hair above the $4.92 consensus estimate, while revenue climbed 11.6% year-over-year to $70.53 billion, topping the $69.64 billion analysts had forecast. Net income rose 15.2% to $2.19 billion, with net sales of $69.15 billion complemented by $1.37 billion in membership fees, the latter growing 10.7% and reflecting a worldwide renewal rate of 89.7%. The primary engine behind the quarter's strength was comparable sales growth of 9.8% on a reported basis, driven in part by a 21.5% surge in digitally-enabled comparable sales and a 37% jump in e-commerce traffic. With analysts having raised price targets ahead of the print and institutional ownership continuing to build, sentiment around the stock remains broadly constructive heading into the back half of fiscal 2026.