News Formal

Costco tops quarterly earnings expectations, even as sales remain soft

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 59%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Costco topped quarterly earnings and revenue expectations, even as sales trends at the membership club slowed.

Costco on Tuesday reported quarterly earnings that topped Wall Street's expectations.Costco is expected to share more details about the quarter during a conference call at 5 p.m. ET.on Tuesday reported quarterly earnings that topped Wall Street's expectations, as shoppers turned to the membership club for cheaper gas, discounted prices of bulk items and more.

Here's what the membership-based warehouse club reported for the three-month period that ended Sept. 3 compared with what analyst were expecting, according to consensus estimates from LSEG, formerly known as Refinitiv:Get Southern California news, weather forecasts and entertainment stories to your inbox.Costco's net income for the fiscal fourth-quarter rose to $2.2 billion, or $4.86 per share, compared with $1.87 billion or $4.20 per share a year earlier.

Comparable sales for the company rose 1.1% year over year, but only 0.2% in the U.S. Excluding changes in gas prices, the metric rose 3.8% overall and 3.1% in the U.S.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 319. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Costco earnings, United Natural Foods, new home sales: 3 things to watch By Investing.comCostco earnings, United Natural Foods, new home sales: 3 things to watch
Källa: Investingcom - 🏆 450. / 53 Läs mer »

Costco earnings: Can the retailer keep rolling as analysts speculate on membership-fee hike?Costco Wholesale Corp. reports fiscal fourth-quarter results after the close on Tuesday.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

Stocks lower, Biden joins strikes, Kashkari warning, Tesla, CostcoStocks lower, Biden joins strikes, Kashkari warning, Tesla, Costco
Källa: startelegram - 🏆 248. / 63 Läs mer »