Costco's Q4 net sales jump 9.4% to $77.4B - Breaking The News

Costco's Q4 net sales jump 9.4% to $77.4B

26 September

1 min read

EPA-EFE/WU HONG

Costco Wholesale Corp. reported on Tuesday that its net sales for the closing quarter of fiscal 2023 amounted to $77.4 billion, marking a 9.4% surge in comparison to the corresponding quarter the year before.

The company's total revenue came in at $78.9 billion during the fourth quarter, rising by 9.5% year-over-year. Diluted earnings per share (EPS) jumped 15.7% to land at $4.86, while the net income soared 15.6% on an annual basis to reach $2.2 billion.

For the entire fiscal year, the warehouse store company booked $242.3 billion in total revenue, going up by 6.7% year-over-year. Costco's stock slid 1.62% in the extended trading.

earnings costco

Related Stocks

Costco Wholesale

Spain's retail sales up by 3.6 % in March

5 hours ago

Calendar and seasonally adjusted retail sales in Spain rose by 3.6% in March compared to the month before, the country's National Statistics Institute revealed in a report on Monday.Food retail sales grew by 0.5%, while the remainder lost 0.7% on a monthly basis.Calendar and seasonally adjusted retail sales surged by 3.6% on an annual basis in March. In nominal terms, retail sales increased by 3.7% year-over-year, the report showed.

Baker Hughes: US oil rig count up by 2 to 483

25 April

The number of oil rigs in the United States stood at 483 in the week ending April 25, increasing by two from the previous week, according to the Baker Hughes weekly rig count released on Friday. The rig count fell by 23 on an annual basis.The US gas rig count was up by one to 99 in the reported week, while dropping by 6 compared to the same period last year. The total number of rigs in the country currently stands at 587, climbing up by two from last week...

Bank of Russia sees inflation turning lower by May

25 April

Russian Central Bank Governor Elvira Nabiullina stated on Friday that inflation is expected to decrease starting in May.Speaking in Moscow after the bank kept its key interest rate steady at 21%, she noted that while inflationary pressures are subsiding, a cautious approach remains essential."We passed the peak in the fourth quarter... But the turning point and the transition to a decline in annual inflation, in our opinion, will occur in May," said Nabiullina, adding...

US consumer confidence continues to decline in April

25 April

Consumer sentiment in the United States declined further in April, standing at 52.2, according to a final monthly report published by the University of Michigan on Friday. The index was down by 8.4% on a monthly basis and 32.4% on an annual level.At the same time, the Current Economic Conditions Index marked a fall of 6.3% in the reported period compared to March 2025 and slipped 24.3% compared to April 2024, standing at 59.8 points. The Index of...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.