Costco Reports Q4 EPS Beat, Shares Down 2%

(Updated - September 22, 2022 4:56 PM EDT)

Costco (NASDAQ: COST) shares fell nearly 2% after-hours following the company’s reported Q4 results, with EPS of $4.20 coming in better than the consensus estimate of $4.15.

Net sales grew 15.2% year-over-year to $70.76 billion. Meanwhile, total revenue, which includes membership fees, was $72.091 billion, versus the consensus of $71.64 billion.

Comparable sales for the fourth quarter rose 15.8% in the U.S. and 13.7% for the entire company. Adjusted for the impact of gasoline prices and foreign exchange, U.S. comps rose 9.6% and total comps rose 10.4% during the quarter. E-commerce sales rose 7.1% during the quarter.

By Davit Kirakosyan

You May Also Be Interested In

• IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
• STMicroelectronics cuts outlook as slower demand causes Q1 miss
• STMicro cuts FY revenue outlook as softer car demand weighs