Infographic: A snapshot of Costco’s (COST) Q4 2022 earnings

Warehouse behemoth Costco Wholesale Corporation (NASDAQ: COST) has reported a 15% increase in fourth-quarter 2022 revenues, which translated into double-digit growth in net income. Fourth-quarter revenues increased sharply to $72.09 billion. Total comparable store sales grew 13.7%, with e-commerce sales rising 7.1%. Check this space to read management/analysts’ comments on Costco’s Q4 2022 earnings Reflecting the strong […]

$COST

September 23, 2022 1 min read

Warehouse behemoth Costco Wholesale Corporation (NASDAQ: COST) has reported a 15% increase in fourth-quarter 2022 revenues, which translated into double-digit growth in net income. Fourth-quarter revenues increased sharply to $72.09 billion. Total comparable store sales grew 13.7%, with e-commerce sales rising 7.1%. Check this space to read management/analysts’ comments on Costco’s Q4 2022 earnings Reflecting the strong […]

Warehouse behemoth Costco Wholesale Corporation (NASDAQ: COST) has reported a 15% increase in fourth-quarter 2022 revenues, which translated into double-digit growth in net income.

Costco Q4 2022 earnings infographic

Fourth-quarter revenues increased sharply to $72.09 billion. Total comparable store sales grew 13.7%, with e-commerce sales rising 7.1%.

Check this space to read management/analysts’ comments on Costco’s Q4 2022 earnings

Reflecting the strong top-line growth, net income moved up to $1.87 billion or $4.20 per share in the August quarter, which is higher than the $1.67 billion or $3.76/share profit reported in the fourth quarter of 2021.