Reported 4 months ago
Costco's Q3 earnings exceeded expectations with net sales of $58.52 billion and adjusted earnings of $3.78, beating estimates. The company saw a 6.5% increase in same-store sales, with strong growth in its international business and Canada. E-commerce also surged by 20.7%, and Costco expanded its partnership with Uber Grocery. Membership fees were in line with estimates at $1.12 billion, and the company is considering a fee increase in the future. Costco's stock is up 25% year-to-date, closing at a record high.
Source: YAHOO