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Aug 30, 2020
Costco Q4 2020 Earnings Report
Costco's Q4 2020 earnings were released, showing an increase in net sales and net income compared to the previous year.
Key Takeaways
Costco reported a 12.5% increase in net sales for the quarter, reaching $52.28 billion. Net income for the quarter was $1.389 billion, or $3.13 per diluted share, compared to $1.097 billion, or $2.47 per diluted share last year.
Net sales increased by 12.5% to $52.28 billion.
Net income rose to $1.389 billion, or $3.13 per diluted share.
E-commerce sales surged with a comparable sales growth of 90.6%.
The company operates 795 warehouses worldwide.
Costco
Costco
Forward Guidance
The press release contains forward-looking statements that involve risks and uncertainties, and actual results may differ materially. The company does not undertake to update these statements except as required by law.
Positive Outlook
- Company expects activities, events, conditions or developments may occur in the future.
- Company anticipates activities, events, conditions or developments may occur in the future.
- Company believes activities, events, conditions or developments may occur in the future.
- Company will continue activities, events, conditions or developments may occur in the future.
- Company estimates activities, events, conditions or developments may occur in the future.
Challenges Ahead
- Domestic and international economic conditions, including exchange rates.
- 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.