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Costco Wholesale Reports Strong 3Q Earnings, EPS Up From Last Year

  • Costco reported 3Q EPS of $2.93, compared to $3.04 year-over-year.
  • Total company comparable sales, including gas and currency, increased 4%, compared to the 2.91% estimated.
  • US comparable sales increased 4.9%, compared to the estimated 2.44%.
  • Canada comparable sales increased 1.6%, compared to the estimated 1.3%.
  • International comparable sales increased 1.6%, compared to the estimated 4.48%.
  • Total company comparable sales excluding fuel, in constant currency, increased 3.5%, compared to the estimated 4.28%.
  • US comparable sales excluding fuel, currencies increased 1.8%, compared to the estimated 3.48%.
  • Canada comparable sales excluding gas, FX increased 7.4%, compared to the estimated 4.75%.
  • International comparable sales excluding fuel, currencies increased 8.4%, compared to the estimated 6.65%.
  • Total revenue increased 2% year-over-year to $53.65 billion, compared to the estimated $54.66 billion.
  • Net sales increased 1.9% year-over-year to $52.60 billion, compared to the estimated $53.83 billion.
  • Membership fees increased 6.1% year-over-year to $1.04 billion, compared to the estimated $1.05 billion.

A look at Costco Wholesale‘s Smart Scores

Costco Wholesale Corporation, a multinational retailer with warehouses in multiple countries, has a long-term outlook that is looking positive. It is highly valued by investors, receiving a score of 2 out of 5 on the Smartkarma Smart Scores. It has a low dividend score of 1 out of 5, but its growth score of 4 out of 5 shows that the company is growing steadily. Its resilience and momentum scores of 4 and 3 out of 5 respectively indicate that Costco Wholesale is well-positioned to weather any economic downturns and remain competitive in the long-term.

Costco Wholesale Corporation is a leader in the retail industry, offering a wide variety of products including food, automotive supplies, toys, hardware, sporting goods, jewelry, electronics, apparel, health and beauty aids, and more. With its strong long-term outlook, the company is well-positioned to continue to grow and remain competitive for many years to come.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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