Costco Sales Top Estimates, But Earnings Miss | Global News Avenue

Costco(cost) reported that sales exceeded analyst estimates in the second quarter, but earnings were lost as costs rose.

The member-based retailer will see revenue rise 9% year-on-year to $63.72 billion, exceeding the analyst consensus of Visible Alpha. But despite the increase a year ago, Costco’s net income was $1.79 billion, or $4.02 per share, but no expectations were expected. The result is that the cost of goods has increased by 9%.

The period marks the second quarter of the company’s second quarter since the company Membership fee hike Effective in September. Despite the executives Said before They expect the impact on profit margins to be weighted to the second half of the fiscal year and to fiscal 2026.

Costco shares fell 1.5% in after-hours trading Thursday after the news. They have added nearly a third of their value in the past year after reaching record highs last month.