Costco Q2 earnings beat estimates at $3.92 per share, but missed revenue expectations at $58.44bn.
Costco Wholesale reported Q2 earnings beating analyst estimates at $3.92 per share, but missed revenue expectations at $58.44bn. Net sales increased 5.7% YoY to $57.33bn, impacted by a fiscal calendar shift. E-commerce sales grew 18.4% YoY. Comparable sales increased 5.8% in the quarter, driven by strong demand for consumables and groceries. Costco ended Q2 with 872 warehouses across multiple countries.
March 07, 2024
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