Costco net income climbs 6%
COSTCO'S net income rose 6 percent in its fiscal third quarter, the company said yesterday, with growing membership numbers pushing sales both at home and abroad.
The United States' biggest wholesale club has been among the top performers during the down economy and now, with more discretionary income in the pockets of shoppers, Costco had capitalized on the additional free spending.
Costco posted earnings of US$324 million, or 73 US cents per share, for the period ended May 8. That's up from US$306 million, or 68 US cents per share, a year ago.
The current quarter's results included an inventory charge of 7 US cents per share.
Analysts polled by FactSet, who exclude one-time charges, expected earnings of 77 US cents per share.
Revenue climbed 16 percent to US$20.62 billion from US$17.78 billion, just edging out Wall Street expectations.
The United States' biggest wholesale club has been among the top performers during the down economy and now, with more discretionary income in the pockets of shoppers, Costco had capitalized on the additional free spending.
Costco posted earnings of US$324 million, or 73 US cents per share, for the period ended May 8. That's up from US$306 million, or 68 US cents per share, a year ago.
The current quarter's results included an inventory charge of 7 US cents per share.
Analysts polled by FactSet, who exclude one-time charges, expected earnings of 77 US cents per share.
Revenue climbed 16 percent to US$20.62 billion from US$17.78 billion, just edging out Wall Street expectations.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.