Costco’s Earnings Beat Estimates on Steady Consumer Demand

Costco Wholesale Corp. reported quarterly profit that was better than expectations, a sign that spending remains healthy as shoppers prioritize essentials and seek value.

The retailer said it generated earnings per share of $5.87 for the quarter through the end of August, higher than what Wall Street analysts were expecting. Its comparable sales, excluding gas and currency fluctuations, also beat expectations.