Buying In Bulk Not What It Used To Be? Costco Comps Flat In Q4

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Costco Wholesale Corporation COST is trending up after reporting its fourth quarter results Thursday afternoon. The world's second biggest retailer beat earnings expectations despite missing sales estimates.

Costco delivered earnings of $1.77 per share, beating estimates by $0.04. Revenue missed by a little over a billion, coming in at $35.73 billion.

Overall, comps were flat for Costco in Q4, including a 1 percent decrease in the US.

Costco's stock has experienced nearly a 10 percent decline in the past month. The stock reversed Thursday's losses, trading up about 2 percent to $150.24 in the after-hours session.

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Posted In: EarningsNewsRetail SalesAfter-Hours CenterMovers
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