Categories AlphaGraphs, Earnings, Retail

Costco (COST) Q4 earnings, revenue top expectations

Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the fourth quarter of 2020, reflecting a marked increase in merchandise sales. The results also topped analysts’ expectations.

Costco Wholesale 4Q 2020 Earnings Infographic

Net profit was $1.39 billion or $3.13 per share in the final three months of fiscal 2020, up from $1.1 billion or $2.47 per share recorded in the same period of last year. Analysts had forecast a slower growth.


Read management/analysts’ comments on Q4 results? Stay tuned here for Costco’s Q4 2020 earnings call transcript 


Net sales grew by 13% to $52.28 billion during the three-month period, aided by an 11.4% increase in comparable-store sales. Total revenues were up 12% year-over-year. Costco’s stock closed Thursday’s trading higher but declined in the after-hours session.

  • costco Q2 2020
  • costco Q1 2020
  • Costco Wholesale Q4 profit rises 5% but misses estimates
  • costco Q3 2020

Most Popular

Electronic Arts (EA) Q4 earnings drop and miss estimates; revenue down 3%

Video game company Electronic Arts, Inc. (NASDAQ: EA) reported lower earnings and revenues for the fourth quarter of 2021. Earnings also missed analysts' forecast. During the March quarter, net bookings

What lies in store for Tyson Foods (TSN) this year?

Shares of Tyson Foods Inc. (NYSE: TSN) were in green territory during afternoon hours on Tuesday. The stock has gained 32% over the past 12 months and 23% since the

Virgin Galactic (SPCE) fails to impress market amid looming uncertainty

Space tourism company Virgin Galactic Holdings, Inc. (NYSE: SPCE) ended the first quarter of 2021 without generating revenue and continued the losing streak even as uncertainty over its test flight

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top