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Nov 20, 2022
Costco Q1 2023 Earnings Report
Costco's Q1 2023 earnings were reported, showing an increase in net sales and net income compared to the previous year.
Key Takeaways
Costco Wholesale Corporation reported its Q1 fiscal year 2023 operating results, with net sales increasing by 8.1% to $53.44 billion. Net income for the quarter was $1,364 million, or $3.07 per diluted share, compared to $1,324 million, or $2.98 per diluted share, in the previous year.
Net sales increased by 8.1% to $53.44 billion compared to last year.
Comparable sales for the total company increased by 6.6%, or 7.1% excluding gas and foreign exchange impacts.
E-commerce sales decreased by 3.7%, or 2.0% excluding gas and foreign exchange impacts.
Net income for the quarter was $1,364 million, or $3.07 per diluted share.
Costco
Costco
Forward Guidance
The press release contains forward-looking statements that are subject to risks and uncertainties.