Costco’s Earnings Report
Oh boy, guys. Costco (NASDAQ:COST) just reported earnings, and they did all right. Not too bad of a quarter. They reported $4.20 in earnings per share, versus the $4.16 estimate.
On revenue of $72.09 billion versus 72.06 billion estimated. So they double beat.
Net sales increased a little bit over 15%, year over year, to just slightly over 70 billion.
I think last year, it was right around 61.4 or 61.5 billion dollars.
For the first time ever, Costco (NASDAQ:COST) crossed over $200 billion in annual sales for the fiscal year. That is up 16% from last year.
As for the stock, you guys can see it’s down about 3% after these earnings came out. Overall, it’s down from about $612, which is the all time high.
In other words, it is down over 20%. It’s in a bear market. So let’s see, I like Costco (NASDAQ:COST) under $400.
Let me know your thoughts in the comments and feel free to follow along for more.