Shares of Costco Wholesale COST fell 1.5% in after-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share rose 16.36% year over year to $3.13, which beat the estimate of $2.83.
Revenue of $53,383,000,000 up by 12.39% year over year, which beat the estimate of $52,080,000,000.
Outlook
Costco Wholesale hasn't issued any earnings guidance for the time being.
Costco Wholesale hasn't issued any revenue guidance for the time being.
Conference Call Details
Date: Sep 24, 2020
Time: 05:00 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/icr8vv4q
Price Action
52-week high: $363.67
Company's 52-week low was at $271.28
Price action over last quarter: Up 10.40%
Company Profile
The leading warehouse club, Costco has 782 stores worldwide (at the end of fiscal 2019), with most of its sales derived in the United States (73%) and Canada (14%) and a large presence in Mexico, the United Kingdom, and Japan. It sells memberships that allow customers to shop in its warehouses, which feature low prices on a limited product assortment. Costco mainly caters to individual shoppers, but roughly 20% of paid members carry business memberships. Food and sundries accounted for 40% of fiscal 2019 sales, with ancillary businesses (such as fuel and pharmacy) 19%, hardlines just over 16%, fresh food 13%, and softlines 11%. Costco's warehouses average around 146,000 square feet; over 75% of its locations offer fuel. About 4% of Costco's global sales come from the e-commerce channel.
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