Costco brings back fan-favorite Kirkland treat after two-year absence

Costco reported July same-store sales up 9.8% and operating margin at 4%. Net income rose 7.72% to $2.19B and operating cash flow increased 44.89% to $11.13B. The company opened its first standalone fuel station in Mission Viejo, with fuel about 10% of net sales. Analysts expect Aug 2026 EPS of $6.51 and Bernstein raised its COST target to $1,059.53.

The U.S. Supreme Court invalidated Trump IEEPA tariffs, leaving the administration to refund about $166 billion. By Aug. 4, refunds exceeded $100 billion. Apple received $2.19 billion, Amazon $600 million, and others including Walmart ($2.4B), Ford ($1.3B), GM ($500M), and Costco (~$2B) are expected to receive large checks. New Section 301 tariffs may affect prices.

Costco Wholesale (COST) reported that its July same-store, or comparable, sales increased 8.9% versus the same month a year earlier, according to the company. The update provides a near-term read on demand for the retailer’s existing locations.

CBP reported about $128B entered its tariff-refund pipeline after the Supreme Court voided Trump’s IEEPA “Liberation Day” tariffs in Feb 2026, with about $100B paid out. Public filings quantify windfalls: Apple $2.2B quarterly, Amazon $600M, Nike about $300M. Under customs law, only the Importer of Record can claim refunds, so consumers generally cannot.

Nasdaq sees best day in over a month as Microsoft breathes life back into AI trade By Jonathan Stempel NEW YORK, July 30 (Reuters) - A federal appeals court on Thursday revived portions of nationwide litigation in which consumers accused drugmakers such as Procter & Gamble and retailers such as CVS of selling billions of dollars of over-the-counter decongestants that didn’t work. The litigation comprised about 100 lawsuits filed after a U.S.

Costco reported Q3 EPS of $4.93, topping estimates by $0.01, and revenue of $70.53B, up 11.6% year over year and above estimates by $890M. Total sales rose 12% to $69.2B, comparable sales grew about 10%, and paid members were 82.9M. Analysts’ consensus is a Moderate Buy with a mean target of $1,101.25.