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 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.
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