Overview
- Costco saw “recording-breaking” gas volumes at the end of its fiscal third quarter as fuel prices rise amid the war in the Middle East.
- The comments came as Costco reported an increase in net sales for the period, beating Wall Street revenue expectations.
- CEO Ron Vachris said the company has begun submitting tariff refund claims and expects to receive refunds on its approved claims on a rolling basis
Costco Wholesale on Thursday said it saw “record-breaking volumes” for gas in its fiscal third quarter amid rising fuel prices.
CEO Ron Vachris said the final five weeks of the quarter, which ended May 10, became Costco’s top five volume weeks ever as customers searched for cheaper gas amid the war in the Middle East.
Source: https://www.cnbc.com/2026/05/28/costco-cost-q3-2026-earnings.html