Stock Market Update
12-Dec-25 12:05 ET
Costco modestly lower despite earnings beat
Dow -236.32
at 48467.48,
Nasdaq -271.23
at 23322.66,
S&P -76.03
at 6824.96
[BRIEFING.COM] The major averages continue to chart session lows as today's weakness widens and expands, leaving just the consumer staples sector (+0.3%) in positive territory.
A majority of the sector's components trade higher. Costco (COST 873.12, -11.36, -1.28%), however, is not one of those names, despite delivering solid 1Q26 results, edging past EPS and revenue expectations, powered by strong traffic, a record-setting Black Friday in U.S. e-commerce, and a 14% jump in high-margin membership fee income. The company reiterated broad-based strength across food and non-food categories heading into the holiday season, while digitally enabled sales remained a standout performer.
The company's results highlight impressive consistency, with comparable sales holding near 6-7% despite tariff noise, port disruptions, and uneven monthly trends. Strength in membership income, up 14%, remains central to the Costco story, supported by growing executive penetration and expanding digital engagement.
