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Feb 13, 2022
Costco Q2 2022 Earnings Report
Costco's Q2 2022 earnings were reported, showing an increase in net sales and net income compared to the previous year.
Key Takeaways
Costco Wholesale Corporation reported its Q2 2022 operating results, with net sales increasing by 16.1% to $50.94 billion and net income reaching $1,299 million, or $2.92 per diluted share.
Net sales for the quarter increased 16.1% to $50.94 billion.
Net income for the quarter was $1,299 million, or $2.92 per diluted share.
Comparable sales for the total company increased by 14.4%.
E-commerce comparable sales increased by 12.5%.
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.
Positive Outlook
- The Company expects or anticipates may occur in the future.
- Statements that address activities.
- Statements that address events.
- Statements that address conditions.
- Statements that address developments.
Challenges Ahead
- Domestic and international economic conditions, including exchange rates, inflation or deflation.
- The effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels.
- Breaches of security or privacy of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital spending, actions of vendors.
- Rising costs associated with employees (generally including health-care costs), energy and certain commodities, geopolitical conditions (including tariffs and the Ukraine conflict).
- COVID-19 related factors and challenges, including (among others) the duration of the pandemic, the unknown long-term economic impact, reduced shopping due to illness, travel restrictions or financial hardship, shifts in demand for products, reduced workforces due to illness, quarantine, or government mandates, temporary store closures or operational limitations due to government mandates, or supply-chain disruptions, capacity constraints of third-party logistics suppliers, and other risks identified from time to time in the Company’s public statements and reports filed with the Securities and Exchange Commission.