Costco Wholesale: Q4 misses consensus

(CercleFinance.com) - Costco Wholesale has reported Q4 net income that is up 5% at 1 billion dollars, meaning EPS of 2.
47 dollars, seven cents short of the consensus.

The warehouse wholesale group's sales rose by 7% to nearly 46.4 billion dollars, as reported. On a like-for-like basis, sales increased by 5.1%, noting a 19.8% jump in e-commerce.

For the full year, the Issaquah, Washington-based group - which currently operates 783 warehouses - posted EPS of 8.26 dollars, with like-for-like sales growth of 6.1%.


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