Costco Wholesale Company (NASDAQ: COST), which operates a sequence of membership warehouses, Thursday reported increased earnings and gross sales for the third quarter. Earnings additionally got here in above estimates.
Q3 revenues elevated to $58.52 billion from $53.65 billion within the corresponding interval of 2023. Whole comparable retailer gross sales grew 6.6% in the course of the three months.
Internet earnings got here in at $1.68 billion or $3.78 per share within the Might quarter, in comparison with $1.30 billion or $2.93 per share within the third quarter of the prior yr. The underside line surpassed Wall Avenue’s estimates.
