Warehouse chain Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the fourth quarter of 2021. The results also topped expectations.
Fourth-quarter net sales grew 17.5% annually to $61.44 billion, aided by a 15.5% increase in comparable-store sales. Total revenues were up 17% year-over-year. The top-line exceeded the consensus forecast.
Net profit was $1.67 billion or $3.76 per share during the three-month period, up from $1.39 billion or $3.13 per share recorded in the same period of last year. Analysts had forecast a slower growth.
Costco’s stock closed Thursday’s regular trading higher and gained further in the after-hours session, soon after the announcement.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Shares of the Walt Disney Company (NYSE: DIS) have been rallying since the entertainment leader delivered strong results for its third quarter of 2022 a day ago. The stock was
Kohl’s Corporation (NYSE: KSS) has been on investors' radar ever since the retailer put itself up for sale earlier this year, after coming under pressure from activist investors. Putting an
Entertainment behemoth The Walt Disney Company (NYSE: DIS) on Wednesday reported higher revenues and earnings for the third quarter of 2022. The results also topped expectations. Third-quarter revenues of the Los