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Costco Reports Strong Q2 Earnings Despite Premarket Stock Dip

Costco Reports Strong Q2 Earnings Despite Premarket Stock Dip

Author:

Global Cryptocurrency

Published:

2026-03-06 12:25:02

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BTCCSquare news:

Costco Wholesale delivered a robust fiscal second quarter, surpassing analyst expectations with earnings per share of $4.58 against a $4.55 forecast. Revenue reached $69.6 billion, slightly above the projected $69.3 billion, while comparable-store sales grew 7.4%. Digital sales surged 22.6%, highlighting accelerating e-commerce momentum.

Membership fees—a key profitability metric—jumped 13.6% to $1.355 billion, with total paid memberships hitting 82.1 million. Despite net income climbing nearly 14% year-over-year to $2.035 billion, COST shares dipped 0.2% in premarket trading, suggesting potential profit-taking after a 14% YTD rally.

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