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Costco Wholesale may have benefited from shoppers looking for a break from higher gas prices, but its third-quarter results overall on Thursday were mixed, leading to muted trading after hours.
As the Iran war drives gas prices higher, some analysts have said more consumers .css-1pe33jk.css-1pe33jk a,.css-1pe33jk.css-1pe33jk a:any-link{color:#262626;border-bottom-color:#262626;}.css-qxhvg8-OverridedLink.css-qxhvg8-OverridedLink:any-link{-webkit-text-decoration:none;text-decoration:none;color:var(–color-interactiveLink010, interactiveLink010);border-bottom:1px solid;border-bottom-color:var(–color-interactiveLink010, interactiveLink010);}@media (prefers-color-scheme: dark){.page_supports_browser_dark_mode .css-qxhvg8-OverridedLink.css-qxhvg8-OverridedLink:any-link{color:var(–interactive-text-color);border-bottom-color:var(–interactive-text-color);}.page_supports_browser_dark_mode .css-qxhvg8-OverridedLink.css-qxhvg8-OverridedLink:any-link.page_supports_browser_dark_mode .css-qxhvg8-OverridedLink.css-qxhvg8-OverridedLink:any-link 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.css-i0lbhy-OverridedLink.css-i0lbhy-OverridedLink:any-link:hover svg{fill:var(–interactive-text-color);}}.css-i0lbhy-OverridedLink.css-i0lbhy-OverridedLink:any-link:hover.css-i0lbhy-OverridedLink.css-i0lbhy-OverridedLink:any-link:hover svg{fill:var(–color-interactiveLink020, interactiveLink020);}could seek discounts at club chains like Costco COST, the Walmart-owned WMT Sam’s Club and BJ’s Wholesale Club BJ, all of which run a lot of gas stations. Costco and Walmart have benefited more broadly from the cost-of-living squeeze over the past several years, as consumers of all income levels seek discounts and membership perks.
