Costco Q3 Earnings Highlights: Revenue Miss, Same Store Sales Drop, Store Count And More

Benzinga ·  05/26 07:23

Retailer Costco(COST.US) reported third-quarter financial results after the market close Thursday. Here are the key highlights.What Happened: Costco reported net sales of $52.6 billion for the third quarter, which was up 1.9% year-over-year.Membership revenue was $1 billion in the third quarter, compared to $984 million in the year ago period.Total revenue of $53.65 billion was up from last year's $52.6 billion in the same quarter. The revenue total missed a Street consensus estimate of $54.57 billion, according to data from Benzinga Pro.Comparable sales in the third quarter were:U.S: -0.1%Canada: -1%International: +4.1%Ecommerce: -10%The company reported

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