Retailer Costco Wholesale Corporation (NASDAQ:COST) reported third-quarter financial results Thursday after market close.
Here are the key highlights.
Costco Q1 Financials
Costco reported third-quarter total revenue of $70.53 billion, beating a Street consensus estimate of $69.81 billion according to data from Benzinga Pro.
Sales broke down as follows, with last year's third quarter figures in parentheses:
- Net Sales: $69.15 billion ($61.97 billion)
- Membership Fees: $1.37 billion ($1.24 billion)
- Total Revenue: $70.53 billion ($63.21 billion)
Net sales were up 11.6% year-over-year for the third quarter.
The company reported earnings per share of $4.93, in line with Street consensus estimates.
Here were the comparable sales for the quarter:
- U.S.: +9.4%
- Canada: +10.7%
- Other International: +11.2%
- Total Company: +9.8%
- Digital Sales: +21.5%
The company ended the quarter with 931 warehouses, with 639 located in the U.S. and Puerto Rico, 115 in Canada and the remaining in international markets.
Costco Stock Price Action
Costco stock is up 0.4% to $999.40 in after-hours trading on Thursday, versus a 52-week trading range of $844.06 to $1,096.50.
Image via Shutterstock/ bluestork
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