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

December 12, 2019 4:20 PM EST

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

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.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Earnings, Hot Corp. News, Hot Earnings

Related Entities

Earnings