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Nov 21, 2021
Costco Q1 2022 Earnings Report
Costco's Q1 2022 operating results were announced, with net sales increasing by 16.7% and net income rising to $1.324 billion.
Key Takeaways
Costco Wholesale Corporation reported strong first-quarter results for fiscal year 2022. Net sales increased by 16.7% to $49.42 billion, and net income grew to $1.324 billion, or $2.98 per diluted share.
Net sales increased by 16.7% to $49.42 billion compared to last year.
Net income for the quarter was $1.324 billion, or $2.98 per diluted share.
Comparable sales for the total company increased by 15.0%.
E-commerce sales grew by 14.3%.
Costco
Costco
Forward Guidance
The company provided forward-looking statements that are subject to risks and uncertainties, including economic conditions, competition, and COVID-19 related factors.