Costco Reports Mixed Q4 Results as Revenue Misses Expectations

Costco released its fiscal fourth-quarter results on Thursday, showing mixed performance as earnings exceeded expectations, while revenue fell short of forecasts.

In after-hours trading, shares of Costco Wholesale Corp registered a decline of less than 1%.

The company reported earnings of $5.29 per share, with total revenue reaching $79.69 billion. Analysts had anticipated earnings of $5.08 per share and revenue of $79.93 billion.

For the quarter, adjusted comparable sales rose by 6.9%. Growth was noted in the U.S. at 6.3%, in Canada at 7.9%, and internationally at 9.3%. Additionally, e-commerce adjusted comparable sales climbed by 19.5% during this period.