Costco Q2 2020 Earnings Report

Costco's Q2 2020 earnings were released, revealing a strong performance driven by increased net sales and comparable sales growth.

Key Takeaways

Costco Wholesale Corporation reported a 10.5% increase in net sales for the second quarter of fiscal year 2020, reaching $38.26 billion. Net income attributable to Costco was $931 million, or $2.10 per diluted share, compared to $889 million, or $2.01 per diluted share, in the same quarter last year. Comparable sales also showed positive growth across all regions and e-commerce.

Net sales increased by 10.5% to $38.26 billion compared to the previous year.

Net income attributable to Costco rose to $931 million, or $2.10 per diluted share.

Comparable sales grew by 8.9%, with U.S. comparable sales up by 9.1%.

E-commerce sales experienced substantial growth, increasing by 28.4%.

Total Revenue

$39.1B

Previous year: $35.4B