- Costco’s Q3 earnings per share (EPS) were $3.78, surpassing last year’s $2.93 and the estimate of $3.70.
- Total company comparable sales increased by 6.6%, exceeding the estimate of 6.27%.
- US comparable sales rose by 6.2%, beating the estimate of 5.2%.
- Canada’s comparable sales grew by 7.7%, higher than the estimate of 6.79%.
- International comparable sales climbed by 7.7%, above the estimate of 7.43%.
- Excluding fuel and currency effects, total company comparable sales rose by 6.5%, surpassing the estimate of 5.93%.
- US comparable sales, excluding fuel and currencies, increased by 6%, which is better than the estimate of 5.51%.
- Canada’s comparable sales, excluding gas and FX, were up 7.4%, higher than the 6.96% estimate.
- International comparable sales, excluding fuel and currencies, jumped by 8.5%, beating the estimate of 7.46%.
- Total revenue was $58.52 billion, a 9.1% increase year-over-year, above the estimate of $57.98 billion.
- Net sales amounted to $57.39 billion, marking a 9.1% year-over-year growth, exceeding the $56.83 billion estimate.
- Membership fees were $1.12 billion, a 7.6% rise year-over-year, matching expectations.
- Costco operates 878 warehouses globally, including:
- 605 in the United States and Puerto Rico
- 108 in Canada
- 40 in Mexico
- 33 in Japan
- 29 in the United Kingdom
- 18 in Korea
- 15 in Australia
- 14 in Taiwan
- 7 in China
- 4 in Spain
- 2 in France
- 1 each in Iceland, New Zealand, and Sweden
- Analyst ratings: 27 buys, 15 holds, 1 sell.
“`
Costco Wholesale on Smartkarma
Costco Wholesale has been receiving positive analyst coverage on Smartkarma, with a bullish sentiment from Baptista Research. In their recent report titled “Costco Wholesale Corporation: Are Its Efforts With Respect To E-commerce Penetration & Delivery Expansion Working Well? – Major Drivers,” Baptista Research delves into Costco’s second-quarter fiscal year 2024 earnings. CFO Richard Galanti expressed optimism for the company’s future, highlighting specific achievements and plans. With a net income of $1.743 billion for Q2 2024, up from $1.466 billion last year, Costco shows strong growth and strategic initiatives.
A look at Costco Wholesale Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Costco Wholesale Corporation, known for its wide range of offerings in the wholesale membership warehouse sector, holds promising long-term potential based on its Smartkarma Smart Scores. With strong momentum and resilience scores of 5 and 4 respectively, Costco indicates a robust performance outlook. The company’s growth score of 4 signifies positive prospects for expansion, while its dividend score of 3 reflects a stable dividend policy. Although its value score is at 2, the overall outlook remains optimistic for Costco.
Costco Wholesale Corporation, a global operator of wholesale membership warehouses, boasts a diversified product portfolio spanning various categories such as food, electronics, apparel, and more. The company’s Smartkarma Smart Scores paint a favorable long-term outlook, particularly with high scores in momentum and resilience. With a focus on growth and a stable dividend policy, Costco demonstrates strength in navigating market conditions and sustaining performance in the competitive retail landscape.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
