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| 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 | 744.76 | 745.60 | 747.49 | 733.01 | 734.28 | 2,323,120 | 01:00:00 |
From May 2019 to May 2024
By Allison Prang
Costco Wholesale Corp.'s comparable sales rose in the double digits for the fourth quarter and the company logged revenue that beat analysts' consensus.
Comparable sales -- an important measure of retail growth -- increased 11.4% for the quarter. The company said adjusted comparable sales rose 14.1%.
Costco's total revenue was $53.38 billion, 12% higher than a year ago. Analysts expected $52.11 billion.
The retailer's profit for the quarter that ended Aug. 30 was $1.39 billion, or $3.13 a share. The comparable quarter a year ago, Costco had a profit of $1.1 billion or $2.47 a share.
The company said its fourth-quarter results were hurt by Covid-19 premium wages and sanitation expenses, which hit earnings by 47 cents a share, or $281 million, before tax.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
September 24, 2020 16:46 ET (20:46 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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