Costco Exceeds Q4 Expectations with Strong Earnings and Revenue

Published 1 days agoCOST

Costco Exceeds Q4 Expectations with Strong Earnings and Revenue

Costco Wholesale Corporation has released its fiscal fourth-quarter earnings, beating Wall Street expectations in both earnings per share and revenue metrics. The company reported an earnings per share of $4.86, surpassing the consensus estimate of $4.71, according to nasdaq.com. Additionally, Costco's revenue reached $78.94 billion, exceeding the anticipated $77.72 billion.

Despite the overall earnings success, not all numbers were ahead of expectations. Same-store sales growth stood at 1.1%, falling short of the expected 1.87%, and e-commerce sales showed a decline of 0.8%, as opposed to the predicted 5% growth. On a brighter note, Costco's membership fees brought in $1.51 billion, topping the forecasted $1.46 billion, as reported by Yahoo Finance. Nevertheless, these financial results corresponded with a slight dip in Costco’s share price, which fell by 0.46% in after-hours trading, closing at $1,008.74.

For context, while Costco saw a solid financial performance for the quarter, the company’s stock reflected market caution despite these results. With its price briefly dipping, the stock opened at $1,016.01, saw an intraday high of $1,025.67 and a low of $1,002.42. Investors remain watchful of these figures as they navigate Costco’s performance in a competitive retail landscape.

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