Costco Wholesale’s latest earnings report could be another proof point for why the membership club deserves a lofty valuation. The retailer reports earnings after the market closes Thursday. Wall Street expects Costco will report adjusted earnings of $4.

With Wall Street’s focus still squarely on tariffs, Costco reports quarterly results after the closing bell today, after many of its retail peers have tried to convey restraint on raising prices.

Costco Wholesale (COST) reported fiscal third-quarter earnings that narrowly topped analysts’ projections as same-store sales grew more than expected. The bulk retailer reported total revenue of $63.21 billion,