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Infographic: A snapshot of Costco’s (COST) Q2 2022 earnings

by Staff Correspondent
March 7, 2022
in Markets
Reading Time: 2 mins read
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Warehouse behemoth Costco Wholesale Company (NASDAQ: COST) has reported a double-digit enhance in second-quarter earnings and revenues. The numbers additionally surpassed the consensus estimates.

Revenues elevated 16% year-over-year to $51.9 billion and got here in above analysts’ forecast. Complete comparable retailer gross sales grew 14.4%, whereas e-commerce gross sales rose 12.5%.

The spectacular top-line efficiency translated right into a web revenue of $1.30 billion or $2.92 per share, which is greater than $951 million or $2.14 per share reported within the second quarter of 2021. The market was in search of a smaller quantity for the newest quarter.


Learn administration/analysts’ feedback on Costco’s Q2 2022 earnings


Over the previous twelve months, Costco’s shares gained about 66%. The inventory traded decrease on Friday afternoon after opening the session at $519.50.

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