Costco Membership Soars

Costco Membership Soars

Costco Wholesale Corp released its third-quarter financial report, announcing net sales of $52.6 billion, an increase of 1.9 year-over-year. Membership revenue for the quarter reached $1 billion, up from $984 million from the previous year. Total revenue came to $53.65 billion, a rise from last year's Q3 total of $52.6 billion but below the predicted $54.57 billion. Comparable sales varied, with a slight decline in the U.S. and Canada (-0.1 and -1, respectively), an increase of 4.1 internationally, and a 10 drop in eCommerce. Costco reported earnings per share of $2.93 for the third quarter, which includes a one-time charge of 50 cents per share.


User: Benzinga

Views: 1.6K

Uploaded: 2023-05-27

Duration: 00:48

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