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Feb 12, 2023
Costco Q2 2023 Earnings Report
Costco's Q2 2023 earnings increased, driven by a rise in net sales and membership fees.
Key Takeaways
Costco Wholesale Corporation reported an increase in net sales for the second quarter of fiscal year 2023, reaching $54.24 billion, a 6.5% increase compared to the previous year. Net income for the quarter was $1.466 billion, or $3.30 per diluted share, compared to $1.299 billion, or $2.92 per diluted share, in the prior year.
Net sales increased by 6.5% to $54.24 billion compared to $50.94 billion last year.
Net income reached $1.466 billion, or $3.30 per diluted share, up from $1.299 billion, or $2.92 per diluted share, in the same quarter last year.
Comparable sales for the total company increased by 5.2%.
E-commerce sales decreased by 9.6%.
Forward Guidance
The company did not provide forward guidance in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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