Costco Wholesale Company (NASDAQ: COST), which operates a series of membership warehouses, Thursday reported greater earnings and gross sales for the third quarter. Earnings additionally got here in above estimates.
Q3 revenues elevated to $58.52 billion from $53.65 billion within the corresponding interval of 2023. Complete comparable retailer gross sales grew 6.6% in the course of the three months.
Web earnings got here in at $1.68 billion or $3.78 per share within the Could quarter, in comparison with $1.30 billion or $2.93 per share within the third quarter of the prior 12 months. The underside line surpassed Wall Road’s estimates.