Costco: Q3 income up over 10%
(CercleFinance.com) - On Thursday night Costco Wholesale reported Q3 2021-22 net income of 1.
35 billion dollars, i.e. 3.04 dollars per share, up 10.5% y-o-y.
The company said that the profit includes a one-off pre-tax charge of 77 million dollars, or 0.13 dollar per share, for additional benefits under a new employee agreement effective 14 March.
The warehouse chain's net sales rose 16.3% to 51.6 billion dollars, including LFL growth of 14.9% (+10.8% excluding the impact of changes in gasoline prices and exchange rates).
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35 billion dollars, i.e. 3.04 dollars per share, up 10.5% y-o-y.
The company said that the profit includes a one-off pre-tax charge of 77 million dollars, or 0.13 dollar per share, for additional benefits under a new employee agreement effective 14 March.
The warehouse chain's net sales rose 16.3% to 51.6 billion dollars, including LFL growth of 14.9% (+10.8% excluding the impact of changes in gasoline prices and exchange rates).
Copyright (c) 2022 CercleFinance.com. All rights reserved.