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Sep 03, 2023
Costco Q4 2023 Earnings Report
Costco's Q4 2023 financial results were announced, revealing an increase in net sales and earnings per share compared to the previous year.
Key Takeaways
Costco Wholesale Corporation reported a 9.4% increase in net sales for the fourth quarter, reaching $77.43 billion. Net income also rose to $2.160 billion, or $4.86 per diluted share, compared to $1.868 billion, or $4.20 per diluted share, in the same quarter last year.
Net sales for the fourth quarter increased by 9.4% to $77.43 billion.
Net income for the quarter was $2.160 billion, resulting in $4.86 per diluted share.
Comparable sales, excluding gasoline prices and foreign exchange impacts, increased by 3.8%.
E-commerce sales saw a decrease of 0.8%, or -0.6% excluding gasoline prices and foreign exchange impacts.
Forward Guidance
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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