Costco's net sales up 7% to $46.4B in Q4

Thursday, 03. October 2019 22:16

Costco Wholesale Corp. announced on Thursday that its net sales in the fourth quarter of fiscal 2019 stood at $46.44 billion, marking a 7% increase from the same quarter a year ago. Total revenue rose by 7% to $47.5 billion in the three-month period but still missed market estimates.

Diluted earnings per share (EPS) stood at $2.47, up 5% from the $2.36 achieved in the fourth quarter of 2018, while net income jumped 5% year on year to $1.1 billion. Comparable sales in the fourth quarter climbed 5.1%, with e-commerce sales surging 19.8%.

For full fiscal 2019, the company's revenue surged 8% to $149.35 billion and diluted EPS soared 16% to $8.26. Net income in the twelve-month period amounted to $3.7 billion, up 17% year-on-year.

Costco shares declined 1.6% in after-hours trading on worse-than-expected results.

Related Links: Costco Wholesale Corporation
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Breaking the News / NP