Costco Wholesale Corporation

-0.5151 (-0.1%)
Share Name Share Symbol Market Type
Costco Wholesale Corporation NASDAQ:COST NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.5151 -0.1% 515.7449 515.75 515.92 519.29 513.14 514.21 473,993 16:12:19

Costco 3Q Revenue Higher as Consumers Keep Buying in Bulk

25/05/2023 10:08pm

Dow Jones News

Costco Wholesale (NASDAQ:COST)
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By Denny Jacob


Costco Wholesale revenue grew in the latest quarter, signaling consumers are still buying in bulk as inflation's toll on their wallets continues.

The warehouse retailer logged net income of $1.3 billion, or $2.93 a share, for the third-quarter ended May 7, down from $1.35 billion, or $3.04 a share, a year earlier. Analysts polled by FactSet expected $3.29 a share.

Revenue rose to $53.65 billion from $52.6 billion. Analysts polled by FactSet expected $54.53 billion.

Comparable sales, representing those from stores and digital channels operating for at least 12 months, ticked up 0.3% in the quarter compared with the same period last year. E-commerce sales declined 10% during the same period.


Write to Denny Jacob at


(END) Dow Jones Newswires

May 25, 2023 16:53 ET (20:53 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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