Costco Wholesale is scheduled to announce its third quarter results on Thursday, and traders expect to hear some good news, despite concerns about inflation and consumer spending.
The market for the total number of Costco cardholders shows a rise in members to 149 million, an increase of just under 1 percent.
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Traders are also forecasting the company will announce $1.6 billion in U.S. operating income, $49.9 billion in U.S. revenue, and $1.4 billion in membership fee revenue.
Earnings call mentions
Traders also have some predictions about what will be discussed during Thursday's call. The word "Labor" is priced at 70%, followed by "Dividend" at 57% and "Hot dog" at 46%.
Costco’s Q3 earnings
Traders aren't the only ones who are optimistic about the financial stability of the big-box wholesale store chain.
Yahoo Finance's Sumit Singh reported that "analysts are optimistic about Costco's upcoming earnings. The Zacks Consensus Estimate for third-quarter revenues stands at $69.50 billion, calling for a 10% increase from the prior-year reported figure." The same report noted analysts also expect "continued momentum in membership growth, strong renewal trends, and steady traffic gains across regions."
Costco’s hot dog combo
Traders are also optimistic about a Costco staple: the famous $1.50 hot dog combo.
The market for the price of the hot dog combo prices only a 7% chance the combo increases before the end of the year, and only a 15% chance of an increase before 2028.
Rumors have been swirling around the cost of Costco's meal combo since food and grocery prices have been on the rise due to tariffs. The Hill reported in March 2026 that Costco has had to make changes to prices on other menu items like its soda fountain drinks to keep the combo at its $1.50 price tag. CEO Ron Vachris released a video in which he assured customers, "The hot dog price will not change as long as I'm around."
The takeaway:
Kalshi markets now predict:
Costco's total cardholders in Q3: 149 million
The word "Labor" in Costco's earnings call: 70%
The word "Dividend" in Costco's earnings call: 57%
The word "Hot dog" in Costco's earnings call: 46%
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