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Feb 16, 2020
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%.
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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