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May 08, 2022
Costco Q3 2022 Earnings Report
Costco's Q3 2022 earnings reflect a strong increase in net sales and comparable sales, with net income also showing growth compared to the previous year, despite a one-time charge.
Key Takeaways
Costco Wholesale Corporation reported its Q3 2022 operating results, with net sales increasing by 16.3% to $51.61 billion. Net income for the quarter was $1.353 billion, or $3.04 per diluted share, which included a one-time $77 million pretax charge. Comparable sales showed strong growth across all regions, with total company comparable sales up 14.9%.
Net sales increased by 16.3% to $51.61 billion compared to the previous year.
Net income reached $1.353 billion, or $3.04 per diluted share, including a one-time charge.
Total company comparable sales grew by 14.9%, demonstrating robust sales performance.
E-commerce sales increased by 7.4%.
Forward Guidance
This document contains forward-looking statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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