Categories AlphaGraphs, Earnings, Retail

COST Earnings: All you need to know about Costco Wholesale Corporation’s Q1 2023 earnings results

Costco Wholesale Corporation (NASDAQ: COST) reported first quarter 2023 earnings results today.

Net sales increased 8.1% to $53.44 billion compared to the same period a year ago. Comparable sales were up 6.6%.

Net income was $1.36 billion, or $3.07 per share, compared to $1.32 billion, or $2.98 per share, last year.

Both the top and bottom line numbers missed expectations.

Cash and cash equivalents amounted to $10.8 billion at the end of the quarter.

Prior performance

Costco Q4 2022 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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