Costco Shares Fall; High Sales, Low Gas Prices Don't Lift Stock

Costco Stock Is Down 4 Percent After Beating Earnings And Here's What We Know

Costco Wholesale Corporation reported fiscal third quarter 2026 results on Thursday evening that, by almost any conventional measure, were strong. Total revenue of $70.53 billion beat analyst consensus. Net income grew 15 percent year over year. The company set an all-time record for gasoline sales volume, a direct result of the Iran War driving fuel prices higher and sending consumers flooding to Costco’s fuel stations in search of the cheapest…

Costco Shares Fall; High Sales, Low Gas Prices Don't Lift Stock

Costco shares fell 4.6% to $948.95 Friday despite reporting an 11.6% jump in fiscal third-quarter net sales to $69.15 billion. Profit missed analyst estimates, coming in at $4.93 per share versus the expected $4.98. Membership fee income rose 10.7% to $1.37 billion. The S&P 500 ETF was up 0.2%. The post Costco Shares Fall; High Sales, Low Gas Prices Don’t Lift Stock appeared first on TechStock².