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COST Costco Wholesale Corporation

744.00
11.56 (1.58%)
04 May 2024 - Closed
Delayed by 15 minutes
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
  11.56 1.58% 744.00 715.00 762.23 747.49 733.01 734.28 2,323,120 05:00:03

Costco Wholesale 1Q Profit, Sales Rise

08/12/2022 9:57pm

Dow Jones News


Costco Wholesale (NASDAQ:COST)
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From May 2022 to May 2024

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By Sabela Ojea

 

Costco Wholesale Corp. on Thursday posted a rise in profit and sales for its latest quarter, as consumers continued to rely on discounts amid high levels of inflation.

The warehouse retailer said its net income for its first quarter rose to $1.36 billion, or $3.07 a share, compared with $1.32 billion, or $2.98 a share, for the prior year.

Revenue increased 8.1% to $54.44 billion, ahead of market views of $50.36 billion, according to FactSet.

Comparable sales, those from stores and digital channels operating for at least 12 months, increased 6.6%.

Online sales, on the other hand, were down 3.7%, the company said.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

December 08, 2022 16:42 ET (21:42 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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