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HomeMarketCostco reviews stronger-than-expected Q3 earnings; income up 9% | AlphaStreet

Costco reviews stronger-than-expected Q3 earnings; income up 9% | AlphaStreet

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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.

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