Costco Just Posted 12% Sales Growth and 92% Membership Renewals, and the Stock Fell Anyway.
Is This the Buy-the-Dip Moment?
Costco (NASDAQ: COST) continues to prove to the market that it’s a consistent performer in uncertain macroeconomic times. During its fiscal 2026 third quarter (ended May 10), the company reported 11.6% year-over-year revenue growth. Perhaps even more impressive, its U.S. and Canada memberships had a renewal rate of 92.2%.
This didn’t prevent the shares from falling. As of June 22, this retail stock trades more than 4% below its price prior to the last earnings report on May 28. Should investors buy the dip?