Costco Wholesale Corp COST reported fiscal fourth-quarter earnings after the close. Here's a look at key metrics from the quarter.
Q4 Earnings: Costco said fourth-quarter net sales increased 9.4% year-over-year to $77.43 billion. It's important to note that all year-over-year comparisons include one extra week in the current year: Costco's fiscal fourth-quarter in 2022 spanned 16 weeks and its most recent quarter consisted of 17 weeks.
Total revenues came in at $78.939 billion, which beat the consensus estimate of $77.9 billion. Net sales for the full year came in at $237.71 billion, up 6.7% year-over-year.
The membership-based retailer reported quarterly earnings of $4.86 per share, which beat analyst estimates of $4.79 per share.
Comparable sales in the fourth quarter were up 0.2% in the U.S., up 1.8% in Canada and up 5.5% in the Other International segment. Total comps climbed 1.1% year-over-year, while total e-commerce sales fell 0.8%.
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Membership fees came in at $1.509 billion, up from $1.327 billion on a year-over-year basis. Costco said it operates 861 warehouses, up from 853 at the end of the third quarter.
COST Price Action: Costco shares were down 1.52% after hours at $544.58 at the time of writing, according to Benzinga Pro.
Photo: Mike Mozart from Flickr.
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