Costco posts quarterly beat on revenue and earnings

Core Insights - Costco reported earnings per share of $4.50, exceeding expectations of $4.27 [1] - Total revenues, including membership fees, reached $67.307 billion, surpassing the anticipated $67.137 billion [1] - Comparable sales increased by 6.4% for the quarter, with digitally enabled sales rising by 20.5% [1][2] Revenue Breakdown - Membership fees included in total revenues grew by 14% year-over-year [2] - The reporting method for digitally enabled sales has changed, making comparisons to previous quarters different [2] Market Reaction - Shares of Costco experienced a slight decline following the earnings report [2]