Loading...
Loading...
Costco Wholesale
COST reported a better-than-expected profit for the first quarter.
The Issaquah, Washington-based company posted a quarterly profit of $496 million, or $1.12 per share, versus a year-ago profit of $425 million, or $0.96 per share.
Its net sales rose 7% to $26.28 billion from $24.47 billion, while total revenue climbed 7% to $26.87 billion. However, analysts were estimating a profit of $1.09 per share on revenue of $26.92 billion.
Costco's same-store sales, excluding negative impacts from gasoline price deflation and foreign exchange, climbed 7% in the quarter. In the US, same-store sales, excluding fuel, climbed 7%.
Its revenue from membership fees gained 6% to $582 million, while its merchandise costs jumped 7% to $23.39 billion.
Costco currently operates 671 warehouses, including 474 in the United States and Puerto Rico.
Costco shares gained 1.03% to $144.52 in pre-market trading.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in