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ColumnsExpert Meeting Minutes | Costco Wholesale Corporation (COST) Q2 2023 Earnings Call Transcript
Core Point:
1.Reported net income for the quarter came in at $1.466 billion or $3.30 per share compared to $1.299 billion or $2.92 per diluted share last year, an increase of 13%.
2.Membership growth has remained strong. Costco ended the second quarter with 68.1 million paid household members and 123.0 million cardholders, both up more than 7% versus a year earlier. At Q2 end, Costco had 30.6 million pai...
1.Reported net income for the quarter came in at $1.466 billion or $3.30 per share compared to $1.299 billion or $2.92 per diluted share last year, an increase of 13%.
2.Membership growth has remained strong. Costco ended the second quarter with 68.1 million paid household members and 123.0 million cardholders, both up more than 7% versus a year earlier. At Q2 end, Costco had 30.6 million pai...
$Costco(COST.US$ Latest Earnings 👇
Beat EPS estimates 🥳
Missed Sales estimates 😩
12 Weeks Ended:
• Sales +6.48%
• Operating Income +5%
• Net Income +12.86%
24 Weeks Ended:
• Sales +7.3%
• Operating Income +4.25%
• Net Income +7.89%
Beat EPS estimates 🥳
Missed Sales estimates 😩
12 Weeks Ended:
• Sales +6.48%
• Operating Income +5%
• Net Income +12.86%
24 Weeks Ended:
• Sales +7.3%
• Operating Income +4.25%
• Net Income +7.89%
Likely to be angst about Costco's 3.5% US comp in February, lowest in a long time despite still-hot food inflation. Will reignite concerns just like November's 4.6% print, which proved to be a blip. Investors in even top notch retailers can be incredibly short-term $Costco(COST.US$
$Costco(COST.US$ down after hours despite bottom line beat.
Reason: massive deceleration in February despite CNY tailwind.
Great company, but the consumer is rolling over and you can't squeeze enough blood from a turnip to justify this multiple.
Skate to where the puck is going.
Reason: massive deceleration in February despite CNY tailwind.
Great company, but the consumer is rolling over and you can't squeeze enough blood from a turnip to justify this multiple.
Skate to where the puck is going.
$Costco(COST.US$ Telsey Advisory Group analyst Joseph Feldman maintains Costco Wholesale with a Outperform and lowers the price target from $580 to $540.
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$Costco(COST.US$ Q2 FY23 (ending Jan. 2023).
• Revenue +6% Y/Y to $55.3B ($0.3B miss).
• Non-GAAP EPS $3.30 ($0.1 beat).
Comparable sales Y/Y:
• US +5.7%.
• Company +5.2%.
• E-commerce -9.6%.
Second revenue miss back-to-back.
• Revenue +6% Y/Y to $55.3B ($0.3B miss).
• Non-GAAP EPS $3.30 ($0.1 beat).
Comparable sales Y/Y:
• US +5.7%.
• Company +5.2%.
• E-commerce -9.6%.
Second revenue miss back-to-back.
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Costco $Costco(COST.US$ posted their Q2 earnings results and that it beats most expectations. They saw a slight miss in quarterly revenue, coming in at $55.27 billion, but up 6.5% from a year ago.
Here's what Costco reported, compared to Wall Street estimates:
Revenue: $55.27 billion versus $55.58 billion expected
Adjusted earnings per share: $3.30 versus $3.21 expected
Same-store sales: up 6.8% versus up 6.16% expected
United States: up 5.8% versus up 5.56% ...
Here's what Costco reported, compared to Wall Street estimates:
Revenue: $55.27 billion versus $55.58 billion expected
Adjusted earnings per share: $3.30 versus $3.21 expected
Same-store sales: up 6.8% versus up 6.16% expected
United States: up 5.8% versus up 5.56% ...
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