Costco Q4 Sales Rise 11.3% to $93.9 Billion

Earnings

โดย Zacks Investment Research·

Summary · why it matters

Costco Wholesale Corporation reported fourth-quarter net sales of $93.9 billion, up 11.3% year over year from $84.4 billion, with digitally enabled comparable sales climbing 19.5% versus a 9.4% companywide comparable-sales gain. Excluding gasoline and foreign-exchange effects, total comparable sales rose 6.7% while digital comparable sales increased 19.8%. For the full fiscal year, digital comparable sales grew 20.9%, or 20.7% on an adjusted basis. The company's shares have fallen 6% over the past three months, and its forward price-to-earnings ratio stands at 40.71, below its 12-month median of 47.12. Zacks Consensus estimates project current-year sales and earnings growth of 9.6% and 13.5%, respectively.

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