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published in Blogs
Sep 24, 2022
Costco (COST, $466.40) beats fiscal Q4 earnings expectations

Costco (COST, $466.40) beats fiscal Q4 earnings expectations

Costco posted its fiscal fourth quarter earnings per share of $4.20, exceeding analysts’ expectations of $4.17.

The big-box retail behemoth’s revenue for the quarter came in at $72.09 billion, compared to the $72.04 that analysts expected.

Amidst inflationary pressures on costs, gross margins narrowed in the quarter. The company has still not hiked its membership fees, thereby maintaining its current prices of $60 for a basic membership and $120 for an executive membership.

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