Costco is firing on all cylinders — and shoppers are loving it

Core Insights - Costco reported net sales of $65.98 billion for the quarter, reflecting an 8.2% increase from $60.99 billion in the same period last year [1] - The company experienced strong comparable sales growth of 5.9% in US stores, driven by a 2.6% increase in traffic and a 3.2% increase in transaction size [1] - Memberships grew by over 5%, reaching nearly 146 million cardholders, with a total of 923 warehouses worldwide, including 633 in the US [2] Sales Performance - The food court sold 358,000 whole pizzas for Halloween and over 4.5 million pies in the three days leading up to Thanksgiving, averaging over 7,000 pies per warehouse during that period [2] - The success of new warehouse expansions has allowed Costco to drive top-line revenue significantly above comparable sales, gaining substantial market share [3] - Openings from the last fiscal year are generating annualized sales of more than $190 million per warehouse, an increase from $150 million two years ago [3] Legal Matters - Costco filed a lawsuit against the US government seeking a refund for all tariffs paid under President Donald Trump's executive order [4]