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May 10, 2020
Costco Q3 2020 Earnings Report
Costco's Q3 2020 earnings reflected an increase in net sales and comparable sales, but net income was impacted by COVID-19 related costs.
Key Takeaways
Costco reported a 7.3% increase in net sales to $36.45 billion for the third quarter of fiscal year 2020. Net income was $838 million, or $1.89 per share, impacted by $283 million in COVID-19 related costs.
Net sales increased by 7.3% to $36.45 billion compared to the previous year.
Comparable sales for the total company increased by 4.8%, and 7.8% adjusted for gas prices and foreign exchange.
E-commerce sales saw significant growth, with a 64.5% increase.
Net income was $838 million, or $1.89 per share, negatively affected by COVID-19 related expenses.
Forward Guidance
This document does not contain forward guidance. Certain statements contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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