Costco Q3 earnings beat all key metrics, after shares closed at an all-time high

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 52 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 63%

Costco News

International Business,BJ's Wholesale Club,Membership Fees

Costco's value proposition drove results in its third fiscal quarter.

On Thursday afternoon, the company reported net sales of $58.52 billion, compared to estimates of $57.98 billion. Its adjusted earnings of $3.78 also beat estimates of of $3.70.

In the quarter, the wholesale retailer saw foot traffic go up year over year, beating the likes of Sam's Club performed, along with traditional strength from fresh food, led by meat and produce.A family moves through the checkout lane with its groceries at a Costco Wholesale store on Nov. 13, 2023, in Colchester, Vermont. U.S. Treasury Isn’t Trying to Ban Crypto Mixers, Top Official Says

Membership-only discount retailer Costco will be announcing earnings results tomorrow after market close. Here's what you need to know.Shares of TD stock plunged on the news of a money laundering probe. But could this mean it's a deal for its dividend? The post Is TD Stock the Best Dividend Stock for You? appeared first on The Motley Fool Canada.

The elite's confidence is closely tied to the stock markets, but what makes young people optimistic is confounding, according to data from The Conference Board.No charges for officer in death of Michigan teen struck by police car during chase

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Costco Q1 earnings preview: Another quarter of growth expected as shoppers continue to prize valueWall Street expects Costco held onto its value proposition in its third fiscal quarter results.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Markets dip on Salesforce revenue miss, Costco, Dell earnings on tap: Yahoo FinanceThe Dow (^DJI), Nasdaq (^IXIC), and S&P 500 (^GSPC) are all under pressure after Salesforce (CRM) reported revenue that missed expectations for the first...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Costco Q3 earnings top Street estimatesCostco Wholesale (COST) posted third quarter earnings per share of $3.78, topping estimates of $3.70. Revenue was $58.52 billion, slightly better than the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Costco earnings, GDP: What to watchAs the trading day comes to an end, here's a preview of key events to watch for on Thursday, May 30th. Earnings reports from various retailers are due for...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »