-Costco Wholesale ( COST ) beat fourth-quarter revenue and profit estimates on Thursday, as Americans hunting for bargains flocked to the membership-only retail chain to snap up lower-priced essentials.

With inflation, triggered by tariffs, pressuring household budgets, consumers have dialed down on dining out and are increasingly shifting toward cheaper alternatives, which has helped retailers such as Costco buck the broader industry slowdown.

Costco has also been drawing in more customers by leaning on its flagship private label, Kirkland Signature, while also consistently keeping prices low on certain items, such as butter and eggs, and extending gas station hours.

The company posted quarterly revenue of $86.16 billion, compared with analysts' average estimate of $86.06 billion, according to data compiled by LSEG.

Its total same-store sales, excluding gas, rose 6.4% for the three months ended August 31, compared with estimates of a 6.44% increase.

U.S. grocer Kroger ( KR ) and retail behemoth Walmart ( WMT ) also saw sales rise, due to a surge in demand for value products from customers across all income levels.

Shares of Costco were down 1% after the bell.

Excluding items, the company earned a quarterly profit of $5.87 per share, compared with analysts' average estimate of $5.80.

(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Shinjini Ganguli)