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.

Total Revenue

$62.7B

Previous year: $53.4B