Categories AlphaGraphs, Earnings, Retail
Infographic: Costco (COST) Q2 2021 sales up 15%; earnings miss
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat.
Net profit was $951 million or $2.14 per share in the second quarter, up from $931 million or $2.10 per share recorded in the same period of last year. Analysts had forecast a faster growth.
Read management/analysts’ comments on Costco’s Q2 results
Net sales grew by 14.7% to $43.89 billion during the three-month period, aided by an13% increase in comparable-store sales. Total revenues were up 15% year-over-year. The top-line exceeded the consensus forecast.
Costco’s stock closed Thursday’s trading lower and continued to lose in the after-hours, 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!
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was