Wall Street expects Costco to report $4.97 EPS and 6.7% comparable sales growth for FQ3 amid high gas prices.
Costco Wholesale (COST) will release its fiscal third-quarter results after markets close on Thursday. Analysts forecast revenue of $69.7 billion, a 6.7% increase in comparable sales, and earnings per share of $4.97, reflecting year-over-year growth.
The retailer’s performance follows a period of elevated gas prices, which have pressured consumer spending. Prior quarters showed resilience, with Costco maintaining steady sales growth despite broader economic headwinds. Comparable sales growth in the previous quarter stood at 6.0%.
Investors will watch for signs of sustained demand and margin stability as inflationary pressures persist.