Costco Wholesale stock was on track to set yet another record close Friday following its latest earnings report. Analysts were cheering the company’s fiscal first-quarter earnings beat and continued sales growth—and raised their price targets for the stock even higher.

Costco Wholesale is scheduled to report earnings for the first quarter of fiscal 2025 after the market closes Thursday, with analysts expecting the retailer to report rising revenue and profits.

Membership warehouse retailer Costco Wholesale Corp. on Thursday reported quarterly results that were a mixed bag.

Costco has benefited from the current consumer environment in which shoppers are prioritizing value above all else.

Shares of Costco Wholesale were up nearly 1% on Friday morning after the retail giant reported better-than-expected first-quarter (Q1) 2025 earnings on the back of increased membership fees and higher e-commerce sales,