Costco Just Reported Earnings, Here’s What You Need To Know

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.

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About the author: Stas Serfes is a stock market investor/trader who owns Strive Smart LLC, a media company that’s amassed millions of views across multiple platforms. Upon graduating college, he realized he wanted to take the entrepreneurial route and create his own path. In 2017 Stas started his Youtube channel “Stas Serfes” where he began creating content on his experiences in the stock market and what he’s learned. This stemmed from his passion about money, business, stocks, and personal finance.