8-K
filed May 25, 2023, 7:59 PM ET
ticker COST
CIK 0000909832
earnings
confidence high
sentiment neutral
materiality 0.70
Costco Q3 net sales $52.6B (+1.9%), EPS $2.93 (incl $0.50 charge) vs $3.04
COSTCO WHOLESALE CORP /NEW
2023-Q3 EPS reported
$9.30
revenue$163,351,000,000
- Net sales Q3 $52.60B (+1.9% YoY); first 36 weeks $160.28B (+5.5%).
- Net income $1.30B ($2.93/dil) vs $1.35B ($3.04) last yr; includes $298M pretax charge to end charter shipping.
- Comparable sales total co 0.3% (adj 3.5%); US -0.1% (adj 1.8%); e-commerce -10.0%.
- First 36 wks net income $4.13B ($9.30/dil) up from $3.98B ($8.94); warehouse count 853.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
COSTCO WHOLESALE CORP /NEW reported first 36 weeks of fiscal 2023 ended May 7, 2023 results: revenue $160.28 billion, net income $4.13 billion, EPS $9.30 per diluted share.
- Period
- first 36 weeks of fiscal 2023 ended May 7, 2023
- Revenue
- $160.28 billion
- Net income
- $4.13 billion
- EPS
- $9.30 per diluted share
- Result
- reported results
Exact text from the filing
Net sales for the first 36 weeks increased 5.5 percent, to $160.28 billion, from $151.97 billion last year. Comparable sales for the third quarter and first 36 weeks of fiscal 2023 were as follows: 12 Weeks 12 Weeks 36 Weeks 36 Weeks Adjusted* Adjusted* U.S. -0.1% 1.8% 4.9% 4.7% Canada -1.0% 7.4% 1.6% 8.4% Other International 4.1% 8.4% 1.6% 9.0% Total Company 0.3% 3.5% 4.0% 5.8% E-commerce -10.0% -9.0% -7.8% -6.6% *Excluding the impacts from changes in gasoline prices and foreign exchange. Net income for the quarter was $1.30 billion, $2.93 per diluted share, which includes a non-recurring charge to merchandise costs of $298 million pretax, $0.50 per diluted share, primarily for the discontinuation of our charter shipping activities. Last year's third quarter net income was $1.35 billion, $3.04 per diluted share, which included a non-recurring $77 million pretax charge, $0.13 per diluted share, for incremental employee benefits. Net income for the first 36 weeks was $4.13 billion, $9.3
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
COSTCO WHOLESALE CORP /NEW reported third quarter (twelve weeks) of fiscal 2023 ended May 7, 2023 results: revenue $52.60 billion, net income $1.30 billion, EPS $2.93 per diluted share.
- Period
- third quarter (twelve weeks) of fiscal 2023 ended May 7, 2023
- Revenue
- $52.60 billion
- Net income
- $1.30 billion
- EPS
- $2.93 per diluted share
- Result
- reported results
Exact text from the filing
Net sales for the quarter increased 1.9 percent, to $52.60 billion, from $51.61 billion last year. Net sales for the first 36 weeks increased 5.5 percent, to $160.28 billion, from $151.97 billion last year. Comparable sales for the third quarter and first 36 weeks of fiscal 2023 were as follows: 12 Weeks 12 Weeks 36 Weeks 36 Weeks Adjusted* Adjusted* U.S. -0.1% 1.8% 4.9% 4.7% Canada -1.0% 7.4% 1.6% 8.4% Other International 4.1% 8.4% 1.6% 9.0% Total Company 0.3% 3.5% 4.0% 5.8% E-commerce -10.0% -9.0% -7.8% -6.6% *Excluding the impacts from changes in gasoline prices and foreign exchange. Net income for the quarter was $1.30 billion, $2.93 per diluted share
View on SEC.gov
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