Costco 3Q Earnings Miss Estimates Despite Solid Revenue Growth

• Costco reported 3Q earnings per share of $2.93, missing analyst estimates of $3.30.
• Total company comparable sales excluding fuel, in constant currency, increased 3.5%, while analysts estimated a 4.28% increase.
• US comparable sales excluding fuel, currencies increased 1.8%, while analysts estimated a 3.48% increase.
• Canada comparable sales excluding fuel, currencies increased 7.4%, while analysts estimated a 4.75% increase.
• International comparable sales excluding fuel, currencies increased 8.4%, while analysts estimated a 6.65% increase.
• Total revenue was $53.65 billion, an increase of 2% year-over-year, while analysts estimated $54.66 billion.
• Net sales were $52.60 billion, an increase of 1.9% year-over-year, while analysts estimated $53.83 billion.
• Membership fees were $1.04 billion, an increase of 6.1% year-over-year, while analysts estimated $1.05 billion.
• 27 analysts rated the stock as a buy, 14 rated it as a hold, and 0 rated it as a sell.

A look at Costco Wholesale‘s Smart Scores

Costco Wholesale Corporation is an international wholesaler of goods for a variety of uses. With a strong outlook in terms of value, growth, resilience and momentum, Costco Wholesale is well positioned to continue its success in the coming years. The company scores a 4 for growth, indicating that it is in a strong position to continue to expand its presence and its offerings. It also scores a 4 for resilience, suggesting that it is well equipped to weather any potential economic or industry-wide downturns. Lastly, it scores a 3 for momentum, indicating that it is in a good position to continue to build upon its current success.

Costco Wholesale is a strong and reliable company, with a variety of products ranging from food to automotive supplies and jewelry. Its outlook for the long-term is positive, with a strong score for growth, resilience and momentum. The company is well positioned to continue its success in the coming years and is sure to remain a reliable and competitive option for consumers looking for quality goods at discounted prices.

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