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Aug 29, 2021
Costco Q4 2021 Earnings Report
Costco's Q4 2021 performance was marked by significant revenue growth and increased net income, despite being negatively impacted by a write-off of certain information technology assets.
Key Takeaways
Costco Wholesale Corporation reported a strong fourth quarter for fiscal year 2021, with net sales increasing by 17.5% to $61.44 billion. Net income for the quarter was $1.670 billion, or $3.76 per diluted share, compared to $1.389 billion, or $3.13 last year.
Net sales for the quarter increased 17.5% to $61.44 billion.
Net income for the quarter was $1.670 billion, or $3.76 per diluted share.
The fourth quarter was negatively impacted by a write-off of certain information technology assets of $84 million pre-tax ($0.14 per diluted share).
Costco currently operates 817 warehouses worldwide.
Costco
Costco
Forward Guidance
No forward guidance was provided in the press release.