Loading...
Loading...
reported higher earnings for the third quarter.
The Issaquah, Washington-based company reported a quarterly profit of $516 million, or $1.17 per share, versus a year-ago profit of $473 million, or $1.07 per share.
Its net sales for the quarter rose 1 percent to $25.52 billion from $25.23 billion, while total revenue jumped to $26.1 billion from $25.8 billion. However, analysts were expecting earnings of $1.16 per share on revenue of $26.63 billion.
Its revenue from membership fees jumped to $584 million from $561 million. Merchandise costs increased to $22.7 billion from $22.6 billion.
Comparable sales slipped 1 percent year-over-year in the quarter. Comparable sales in the U.S. gained 1 percent. Comparable sales, excluding negative impacts from gasoline price deflation and foreign exchange, gained 6 percent for the the twelve-week period.
The company currently operates 673 warehouses.
Costco shares fell 0.32 percent to $144.95 in the after-hours trading session.
© 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