Costco on Thursday topped Wall Street's expectations for quarterly earnings and revenue as the warehouse club posted double-digit gains in both membership income and its e-commerce business.
Unlike many other retailers, the company does not share an annual outlook.
On the company's earnings call, CFO Gary Millerchip said the retailer has worked hard to offset higher tariff costs. In some cases, it has introduced new items from its Kirkland Signature private-label brand as alternatives to goods hit by tariffs, he said. About a third of Costco's U.S. sales come from imported goods.
Costco is also changing its merchandise assortment in some cases, he said, such as buying more U.S.-made items or leaning into categories with less tariff exposure like health and beauty.
He said overa