•
May 09, 2021

Costco Q3 2021 Earnings Report

Costco's Q3 2021 earnings were reported, showing significant growth in net sales and comparable sales across various regions and e-commerce.

Key Takeaways

Costco reported a strong third quarter in fiscal year 2021, with net sales increasing by 21.7% to $44.38 billion. Comparable sales also saw significant growth across all regions, including a 41.2% increase in e-commerce. Net income for the quarter was $1.22 billion, or $2.75 per diluted share.

Net sales increased by 21.7% to $44.38 billion compared to the previous year.

E-commerce sales grew by 41.2% compared to the previous year.

Net income reached $1.22 billion, or $2.75 per diluted share, including COVID-19 related costs.

The company operates 809 warehouses worldwide, including e-commerce sites in multiple countries.

Total Revenue
$45.3B
Previous year: $37.3B
+21.5%
EPS
$2.75
Previous year: $1.89
+45.5%
US Comparable Sales Growth ex-FX/Gas
15.2%
Previous year: 8%
+90.0%
Canada Comparable Sales Growth ex-FX/Gas
16.7%
Previous year: 3%
+456.7%
Other Intl Comparable Sales Growth ex-FX/Gas
13.1%
Previous year: 12.2%
+7.4%
Gross Profit
$5.86B
Previous year: $5.02B
+16.8%
Cash and Equivalents
$10.2B
Previous year: $10.8B
-5.5%
Free Cash Flow
$2.31B
Previous year: $1.2B
+92.1%
Total Assets
$57.3B
Previous year: $51.7B
+10.7%

Costco

Costco

Costco Revenue by Segment

Forward Guidance

The press release contains forward-looking statements that are subject to risks and uncertainties. The company does not undertake to update these statements, except as required by law.