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Nov 22, 2020
Costco Q1 2021 Earnings Report
Costco reported an increase in net sales and comparable sales for the first quarter of fiscal year 2021.
Key Takeaways
Costco's first quarter fiscal year 2021 showed strong growth, with net sales increasing by 16.9% to $42.35 billion and net income reaching $1.166 billion, or $2.62 per diluted share. The results reflect solid performance across various regions and e-commerce.
Net sales increased by 16.9% to $42.35 billion compared to last year.
Net income for the quarter was $1.166 billion, or $2.62 per diluted share.
Comparable sales increased by 15.4% overall and 17.1% excluding gas and foreign exchange impacts.
E-commerce sales saw significant growth, with an increase of 86.4%.
Costco
Costco
Forward Guidance
Forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements.