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Aug 28, 2022
Costco Q4 2022 Earnings Report
Costco's Q4 2022 performance was strong, marked by significant revenue growth and increased earnings per share.
Key Takeaways
Costco Wholesale Corporation reported a strong fourth quarter with a 15.2% increase in net sales, reaching $70.76 billion. Net income also rose to $1.868 billion, or $4.20 per diluted share, compared to $1.670 billion, or $3.76 per diluted share, in the previous year.
Net sales increased by 15.2% to $70.76 billion compared to the previous year.
Net income for the quarter reached $1.868 billion, translating to $4.20 per diluted share.
Comparable sales saw a 13.7% increase, or 10.4% excluding gasoline prices and foreign exchange impacts.
E-commerce sales grew by 7.1%, or 8.4% excluding gasoline prices and foreign exchange impacts.
Costco
Costco
Forward Guidance
The press release contains forward-looking statements that are subject to risks and uncertainties.
Challenges Ahead
- Domestic and international economic conditions, including exchange rates, inflation or deflation
- 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
- Conditions affecting the acquisition, development, ownership or use of real estate