Reported 11 days ago
Costco reported mixed earnings for its fiscal fourth quarter, beating earnings per share estimates at $5.29 but missing revenue expectations at $79.7 billion. The company's same-store sales grew more than anticipated at 6.9%, driven by increased spending on non-food items as inflation eased. Despite the revenue miss, Costco's stock dipped only slightly by 1.4% post-earnings, reflecting overall positive trends, including a 19.5% boost in e-commerce sales.
Source: YAHOO