Costco GAAP EPS of $3.30 beats by $0.07, revenue of $55.27B misses by $340M
- Costco press release (NASDAQ:COST): Q2 GAAP EPS of $3.30 beats by $0.07.
- Revenue of $55.27B (+6.5% Y/Y) misses by $340M.
- Q2 Adj. Comparable sales: U.S. 5.8%; Canada 9.6%; Other International 9.5%; Total Company 6.8%; E-commerce -8.7%.
- For the four-week reporting month of February, ended February 26, 2023, the Company reported net sales of $17.06 billion, an increase of 4.7 percent from $16.29 billion last year.
- Lunar New Year/Chinese New Year occurred on January 22, 10 days earlier this year.
- The shift positively impacted February’s Other International and Total Company sales by approximately 2% and 0.25%, respectively.
- For the twenty-six week period ended February 26, 2023, net sales were $116.06 billion, an increase of 7.1 percent from $108.39 billion last year.
- Shares -0.76%.