Costco beats revenue and profit estimates as Americans hunt for bargains

Costco has also been drawing in more customers by consistently keeping prices low on certain items, such as butter and eggs.

Costco Wholesale COST-T beat fourth-quarter revenue and profit estimates on Thursday, as Americans hunting for bargains flocked to the membership-only retail chain to snap up lower-priced essentials.

With inflation, triggered by tariffs, pressuring household budgets, consumers have dialled down on dining out and are increasingly shifting toward cheaper alternatives, which has helped retailers such as Costco buck the broader industry slowdown.

Costco has also been drawing in more customers by leaning on its flagship private label, Kirkland Signature, while also consistently keeping prices low on certain items, such as butter and eggs, and extending gas station ho