Costco Wholesale (COST) just posted fiscal third-quarter results that surpassed Wall Street's revenue expectations, but the story beneath the numbers is even more compelling. Record fuel volumes pulled in first-time gas customers, pharmacy sales surged on GLP-1 drug demand, and digital traffic rose 37%. With membership renewal rates stabilizing and tariff refunds on the way back to members, the long-term thesis for COST stock remains firmly intact.
What should investors expect from Costco going forward? Let's take a closer look.
