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Costco misses quarterly estimates as online sales ease

Dow Jones2021-05-28

Costco Wholesale Corp. late Thursday reported lower-than-expected profit and sales for its fiscal third quarter as online sales growth eased.

Costco $(COST)$ said it earned $1.22 billion, or $2.75 a share, in the quarter, compared with $838 million, or $1.89 a share, in the year-ago quarter.

Net sales for the quarter increased 22% to $44.4 billion, from $36.45 billion a year ago.

Analysts polled by FactSet had expected the retailer to report a GAAP profit of $2.32 a share on sales of $44.7 billion.

Same-store sales rose 21%, and online sales rose 41%, the company said. At the height of pandemic-fueled stockpiling, Costco online sales soared, including a 65% jump in the third quarter of 2020.

Shares of Costco fell 0.83% in the extended session after ending the regular trading day up 0.5%, The stock has gained 2.9% so far this year, compared with gains of around 12% for the S&P 500 index .

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Comment51

  • AmitS
    ·2021-05-30
    Humm 
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  • Meshaarias72
    ·2021-05-28
    Like and comment 
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  • boonk
    ·2021-05-28
    Buy on dips
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    • boonk
      Saw in YouTube, USA stock usually up before holidays. Last 2 days seem supporting thus theory.Hope tonight too. Also saw some analyst predict bull for June till july
      2021-05-28
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    • Vivberry
      AGreed
      2021-05-28
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  • Slee49
    ·2021-05-28
    Online sales are extra good during this period 
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  • TSENR3
    ·2021-05-28
    online sales Will continue to soar. 
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    • TSENR3
      [得意] [得意] [得意] [得意] [得意]
      2021-05-29
      Reply
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  • WCS1981
    ·2021-05-28
    Will buy some when it drop more[Miser] 
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    • TSENR3
      Like n follow back pls
      2021-05-28
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  • 小股神来也
    ·2021-05-28
    Ok
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  • Angel3
    ·2021-05-28
    Pls help to like n comment pls... thanks...
    Reply
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    • HuathkReplying toBaybay
      K
      2021-05-28
      Reply
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    • BaybayReplying toHuathk
      wa so help please comment, here something for you to practise and comment back:
      after 5 years later, the age will be 3 times of before, so what is the age before?
      2021-05-28
      Reply
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    • HuathkReplying tozhen130
      K
      2021-05-28
      Reply
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    View more 2 comments
  • woonws
    ·2021-05-28
    It still did well!
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  • Sohtheworld
    ·2021-05-28
    Like please
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  • JiaminFeng
    ·2021-05-28
    Good buy 
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  • YQ17
    ·2021-05-28
    Oh
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  • Tmchoo
    ·2021-05-28
    Oh no
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  • mummumtumtum
    ·2021-05-28
    As economy recovers, consumer staples spending will pick up, Costco will ride the waves coming along
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  • DasTrader
    ·2021-05-28
    Like thank you! 
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    • J288
      ok
      2021-05-28
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  • Cfgramos
    ·2021-05-28
    Now if only Costco would expand here in SG…
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  • TheCrazyOne
    ·2021-05-28
    Drop more so can buy
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  • AS78
    ·2021-05-28
    Please like and comment my post, thanks 
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    • AS78
      ok
      2021-05-28
      Reply
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    • Angel3
      Comment... pls help to respond back... thanKs...
      2021-05-28
      Reply
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  • Pangabui
    ·2021-05-28
    [微笑] [微笑] [微笑] 
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  • AdrinaChow
    ·2021-05-28
    Like and Comment pls.
    Reply
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    • TigerYG
      Done
      2021-05-28
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    • Tmchoo
      .
      2021-05-28
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    • AdrinaChow
      done.
      2021-05-28
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    View more 2 comments
 
 
 
 

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