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published in Blogs
Mar 07, 2022
Costco (COST, $525.50) beat fiscal Q2 earnings expectations

Costco (COST, $525.50) beat fiscal Q2 earnings expectations

Costco posted its fiscal second quarter earnings results that crushed analysts’ expectations.

Th e retail company’s earnings for the quarter came in at $2.92 a share, well above the $2.73 a share predicted by analysts (based on Visible Alpha data).

Revenue of $51.9 billion also exceeded analysts’ forecast of $51.3 billion.

Comparable sales grew +14.4%, vs. +11.8% expected by analysts. The growth is a slight deceleration from the preceding quarter's pace of growth.

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