Costco Reports Results That Bring the Highest Estimates and $200 Billion Annual Revenue for the First Time


The shares of Costco Wholesale Corp. fell during Thursday’s extended session, even as the retailer reported quarterly results that beat Wall Street estimates and annual sales topped $200 billion for the first time.


shares fell 2% after hours, after falling 1.2% in the regular session to close at $487.17.

Costco reported fourth quarter net income of $1.87 billion, or $4.20 per share, compared to $1.67 billion or $3.76 per share in the same period a year ago.

Revenue rose to $72.09 billion, from $62.67 billion in the same quarter a year ago.

Analysts expected earnings of $4.17 per share on revenue of $70.8 billion, according to FactSet.

Sales at stores that have been open for at least a year rose 13.7%, in line with Street’s estimates.

Annual revenue crossed the $200 billion mark for the first time at $222.73 billion, up 16% from $195.93 billion in the previous fiscal year. Analysts expected revenue of $222.7 billion.

Costco shares are down 14% so far this year, while the S&P 500 index

has fallen by 21%.

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