PYMNTS
29 May 2026, 20:50 UTC · 1h ago
Source · https://www.pymnts.com/earnings/2026/costco-sets-gas-sales-records-as-price-sensitive-drivers-seek-bargains/
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Costco reported third-quarter net sales growth of 11.6% to $69.15 billion and comparable sales growth of 9.8%. — Strong top-line growth and comparable sales indicate robust consumer demand and operational strength.
+0.60Costco achieved record gas sales volume during the quarter, driven by consumers seeking value amid rising prices from Middle East conflicts. — Demonstrates the company's ability to capture market share during volatile energy periods and increase member foot traffic.
+0.50Digitally enabled comparable sales increased by 21.5%, with e-commerce site and app traffic growing by 37%. — Significant acceleration in digital adoption suggests successful modernization of the business model.
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Costco plans to open 30-plus net new warehouses per year in the coming years, targeting a total increase of 26 stores by the end of the fiscal year. — Aggressive physical expansion signals management's confidence in long-term growth and scalability.
Paid memberships grew 4.1% to 82.9 million, and total cardholders increased 4.0% to 148.5 million. — Steady growth in the membership base secures a predictable, high-margin recurring revenue stream.
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Model heads
The company reported record gas sales, significant net sales growth, and an increase in paid memberships.
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6 dimensions · 9 clusters
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10 bid · 10 offered
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