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Shares of Costco Wholesale (NASDAQ:COST) fell in after-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share were up 1.90% year over year to $2.14, which missed the estimate of $2.45.
Revenue of $44,769,000,000 higher by 14.58% from the same period last year, which beat the estimate of $43,780,000,000.
Guidance
Costco Wholesale hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
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Date: Mar 04, 2021
Time: 05:00 PM
ET Webcast URL: https://investor.costco.com/events/event-details/q2-2021-earnings-call-and-february-sales
Price Action
Company's 52-week high was at $393.15
52-week low: $276.34
Price action over last quarter: down 16.08%
Company Profile
The leading warehouse club, Costco has 795 stores worldwide (at the end of fiscal 2020), with most sales derived in the United States (73%) and Canada (13%). It sells memberships that allow customers to shop in its warehouses, which feature low prices on a limited product assortment. Costco mainly caters to individual shoppers, but roughly 20% of paid members carry business memberships. Food and sundries accounted for 42% of fiscal 2020 sales, with hardlines 17%, ancillary businesses (such as fuel and pharmacy) nearly 17%, fresh food 14%, and softlines 10%. Costco's warehouses average around 146,000 square feet; over 75% of its locations offer fuel. About 6% of Costco's global sales come from e-commerce (excluding same-day grocery and various other services).
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.