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The warehouse retail chain has benefited from shoppers returning to its stores to buy everything from groceries to sporting goods with their stimulus checks as COVID-19 pandemic-driven restrictions ease.
Comparable sales, excluding the impact of fuel and currency fluctuations, jumped 15.1%, compared with estimates of a 11.46% rise, according to Refinitiv IBES.
Net income attributable to the company rose to $1.22 billion, or $2.75 per share, in the quarter ended May 9, from $838 million, or $1.89 per share, a year earlier.
Total revenue rose 22% to $44.38 billion in the third quarter, from $36.45 billion a year earlier, compared with estimates of $43.16 billion.
