Costco: Q3 misses consensus
(CercleFinance.com) - On Thursday evening Costco Wholesale reported net income of 838 million dollars for its third fiscal quarter (ended 10 May), meaning EPS of 1.
89 dollar, four cents short of the consensus.
Net income fell by 7.5% y-o-y, having been weighed on by 283 million dollars in pre-tax costs relating to health measures and salary increases due to the pandemic.
The wholesaler's revenues increased by 7.3% to over 36.4 billion dollars as reported. On a comparable basis and adjusted for FX factors and gasoline price effects, they increased by 7.8%, with a 66.1% leap in online sales.
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