Following their fiscal Q3* earnings release on May 26th, Costco’s share prices rose as they surpassed market expectations and showcased a strong position amid inflationary pressures. Where their competitors’ recent earnings results showed significant margin pressures and slowing growth, Costco displayed a well-managed bottom-line and steady growth on the top-line. Their model is proving resistant to inflation as customers continue to choose and trust their value proposition.
*Note: Costco’s fiscal year runs from September to August, making their fiscal Q3 (March to mid-May), comparable to other retailers’ Q1.
Download the full Q1 Costco earnings report with unique takeaways from Harvest Group here:
