Warehouse behemoth Costco Wholesale Company (NASDAQ: COST) has reported a double-digit enhance in third-quarter earnings and revenues.
Revenues elevated 16% year-over-year to $52.60 billion. Whole comparable retailer gross sales grew 14.9%, whereas e-commerce gross sales rose 7.4%.
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The spectacular top-line efficiency translated right into a web revenue of $1.35 billion or $3.04 per share, which is increased than the $1.22 billion or $2.75 per share reported within the third quarter of 2021.
