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COST Costco Wholesale News Story

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Warehouse retailer Costco's Q1 net sales rise

Overview

Warehouse retailer's fiscal Q1 net sales rose 8.2% yr/yr

Net income for fiscal Q1 increased to $2,001 mln, $4.50 per diluted share

Fiscal Q1 adjusted comparable sales grew 6.4%

Outlook

Costco did not provide specific guidance for future quarters or the full year

Result Drivers

STRONG INTERNATIONAL SALES - Comparable sales growth was robust in Canada and other international regions, contributing to overall sales increase

DIGITAL SALES GROWTH - Digitally-enabled sales surged 20.5%, significantly boosting overall sales

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Net sales$65.98 bln
Q1 Total revenue$67.31 bln
Q1 EPS$4.50
Q1 Adjusted Comparable Sales Growth6.40%
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 16 "hold" and no "sell" or "strong sell" The average consensus recommendation for the discount stores peer group is "buy" Wall Street's median 12-month price target for Costco Wholesale Corp is $1,050.00, about 20.1% above its December 10 closing price of $874.41 The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 47 three months ago Press Release: ID:nGNX2zzSg For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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