What were Costco's U.S. same-store sales growth and total revenue for the quarter ended May 10, and how did they compare to analyst estimates?

Costco's U.S. comparable sales, excluding gas, rose 6.8%, surpassing analysts' average estimate of 6.13%, according to LSEG data. Its total revenue, including membership fees, for the 12 weeks ended May 10 was $70.53 billion — up 12% year-over-year and above the $69.81 billion estimate.

Why has Costco seen strong demand for essentials despite ongoing inflation, and what pricing actions did it take in the most recent quarter?

Costco benefited from steady consumer demand for food and other essentials as shoppers sought value amid high fuel prices (exceeding $4 a gallon) and persistently high food costs, helping them manage household budgets. In response to easing inflation in certain categories, Costco trimmed prices on pantry staples such as eggs, cheese, coffee, and some paper products last quarter.

Costco beats sales estimate on steady demand for affordable essentials

May 28, 2026

Costco beat Q3 sales estimates with a 6.8% rise in U.S. comparable sales, driven by demand for food essentials amid high inflation. Total revenue grew 12% to $70.53 billion as the retailer trimmed prices on pantry staples like eggs and cheese.

reuters

2026-05-28

Costco beats sales estimate on steady demand for affordable essentials

Costco beats sales estimate on steady demand for affordable essentials

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