Costco

March 2, 2023 – Costco Wholesale Corporation (Nasdaq: COST) today announced its operating results for the second quarter (twelve weeks) and the first 24 weeks of fiscal 2023, ended February 12, 2023. Costco Wholesale Corporation (Nasdaq: COST)  reported fiscal Q2 net income  of $3.30 per diluted share,Analysts polled by Capital IQ forecast $3.23. Revenue for the quarter ended Feb. 12 was $55.27 billion, Analysts surveyed by Capital IQ projected $54.68 billion. Net income for the quarter was $1,466 million, $3.30 per diluted share. Last year’s second quarter net income was $1,299 million, $2.92 per diluted share. Net income for the first 24 weeks was $2.83 billion, or $6.37 per diluted share, compared to $2.62 billion, $5.90 per diluted share, last year. Net sales for the quarter increased 6.5% percent, to $54.24 billion, from $50.94 billion last year. Net sales for the first 24 weeks increased 7.3% percent, to $107.68 billion, […]

Costco Wholesale (NASDAQ:COST): Total same-store sales in January 2023 increased 5.6% year-over-year, compared with a 3.1% increase in market estimates.

US warehouse chain Costco Wholesale (NASDAQ:COST) announced on February 1 local time that sales in January increased by 6.9% year-on-year to $16.84 billion, but e-commerce sales fell by 15.4%. In the 22 weeks ending Jan. 29, Costco sales rose 7.5 percent to $99 billion, with same-store sales up 6 percent.

Costco Wholesale (NASDAQ:COST) saw total same-store sales up 5.5% in December 2022, versus analyst expectations for a 5.0% increase.