Costco Joins Tariff Refund Lawsuit While Q2 EPS Tops at $4.58
Costco reported fiscal Q2 EPS of $4.58, beating estimates by $0.03 and lifting shares 1.6%. Comparable-store sales rose 7.9% with e-commerce up 21.8%, and the company joined a 24-state lawsuit seeking refunds on 10-15% import tariffs that could lower future sourcing costs.
1. Tariff Refund Lawsuit
A coalition of 24 states filed suit under the Trade Act, challenging 10% tariffs imposed since February and plans to raise them to 15%. Costco joined other importers to seek refunds that could cut billions in future sourcing costs.
2. Q2 Fiscal 2026 Earnings Beat
Costco delivered EPS of $4.58, surpassing estimates by $0.03, and shares rose 1.6%. Top- and bottom-line results outperformed retail peers, reinforcing operating strength.
3. Strong Comparable Sales Momentum
February comparable sales climbed 7.9% while e-commerce surged 21.8%, extending consistent growth trends. Robust sales have supported the retailer’s premium valuation and margin resilience.