Costco Beats Earnings Estimates on Strong Online Sales, Opens 897th Store

Costco Beats Earnings Estimates on Strong Online Sales, Opens 897th Store
A Costco Wholesale warehouse sign is seen outside of a store in Silver Spring, Md., on Aug. 5, 2023. Mandel Ngan/AFP via Getty Images
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This week, Costco Wholesale Corporation reported first-quarter fiscal year 2025 earnings that beat analyst estimates owing to strong online sales. It also opened its 897th warehouse, in Pleasanton, California.
Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”