Costco (COST) Tops Q1 EPS by 19c, Adj. Comp Sales Up 5%

Costco (NASDAQ: COST) reported Q1 EPS of $1.90, $0.19 better than the analyst estimate of $1.71. Revenue for the quarter came in at $37.04 billion versus the consensus estimate of $37.32 billion.

• Net sales for the first quarter were $36.24 billion, an increase of 5.6 percent from $34.31 billion last year.
• Total and comparable sales were negatively impacted by approximately one-half percent due to Thanksgiving occurring a week later this year. E-commerce sales in the quarter were negatively impacted by an estimated 12 percentage points.
• Net income for the quarter was $844 million, or $1.90 per diluted share, compared to $767 million, or $1.73 per diluted share, last year. This year’s first quarter reflects a $77 million ($0.17 per diluted share) tax benefit related to stock-based compensation, compared to a $59 million ($0.13 per diluted share) similar benefit last year.

For earnings history and earnings-related data on Costco (COST) click here.

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