Categories AlphaGraphs, Consumer, Earnings
Infographic: A snapshot of Costco’s (COST) Q2 2022 earnings
Warehouse behemoth Costco Wholesale Corporation (NASDAQ: COST) has reported a double-digit increase in second-quarter earnings and revenues. The numbers also surpassed the consensus estimates.
Revenues increased 16% year-over-year to $51.9 billion and came in above analysts’ forecast. Total comparable store sales grew 14.4%, while e-commerce sales rose 12.5%.
The impressive top-line performance translated into a net income of $1.30 billion or $2.92 per share, which is higher than $951 million or $2.14 per share reported in the second quarter of 2021. The market was looking for a smaller number for the latest quarter.
Read management/analysts’ comments on Costco’s Q2 2022 earnings
Over the past twelve months, Costco’s shares gained about 66%. The stock traded lower on Friday afternoon after opening the session at $519.50.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
What to expect when Campbell Soup (CPB) reports Q3 2024 earnings results
Shares of Campbell Soup Company (NYSE: CPB) rose over 1% on Friday. The stock has dropped 14% over the past 12 months. The food company is scheduled to report its
Main takeaways from Salesforce’s (CRM) Q1 2025 earnings report
Salesforce, Inc. (NYSE: CRM) this week reported better-than-expected earnings for the first three months of fiscal 2025. However, the customer relationship management platform’s stock suffered a selloff post-earnings, reflecting the
Ulta Beauty (ULTA) Earnings: 1Q24 Key Numbers
Ulta Beauty, Inc. (NASDAQ: ULTA) reported net sales of $2.7 billion for the first quarter of 2024, up 3.5% year-over-year, driven by higher comparable sales, new store contribution, and growth