Costco misses quarterly estimates as online sales ease

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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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Comment（51）

AmitS
·2021-05-30
Humm
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1
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Meshaarias72
·2021-05-28
Like and comment
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1
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boonk
·2021-05-28
Buy on dips
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2
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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
  Reply
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Slee49
·2021-05-28
Online sales are extra good during this period
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1
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TSENR3
·2021-05-28
online sales Will continue to soar.
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5
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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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6
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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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2
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- 小股神来也:
  o
  2021-05-28
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- 茁壮成长的韭菜儿:
  ok
  2021-05-28
  Reply
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Angel3
·2021-05-28
Pls help to like n comment pls... thanks...
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6
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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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woonws
·2021-05-28
It still did well!
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Sohtheworld
·2021-05-28
Like please
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1
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JiaminFeng
·2021-05-28
Good buy
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YQ17
·2021-05-28
Oh
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3
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Tmchoo
·2021-05-28
Oh no
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1
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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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3
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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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4
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TheCrazyOne
·2021-05-28
Drop more so can buy
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3
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AS78
·2021-05-28
Please like and comment my post, thanks
Reply
4
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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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4
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AdrinaChow
·2021-05-28
Like and Comment pls.
Reply
8
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- TigerYG:
  Done
  2021-05-28
  Reply
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- Tmchoo:
  .
  2021-05-28
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- AdrinaChow:
  done.
  2021-05-28
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Last 2 days seem supporting thus theory.Hope tonight too. Also saw some analyst predict bull for June <u>till</u> july","text":"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 <u>till</u> july","html":"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 <u>till</u> july"},{"id":4480457,"gmtCreate":1622175288125,"gmtModify":1680791506880,"authorId":3580092330105291,"author":{"id":3580092330105291,"idStr":"3580092330105291","authorId":3580092330105291,"name":"Vivberry","avatar":"https://static.tigerbbs.com/8d8a4ce0041edafbf8e072bb66c313e5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":135554869,"type":1,"supId":0,"prevId":0,"content":"AGreed","text":"AGreed","html":"AGreed"}],"langContent":"EN"},{"id":135511886,"gmtCreate":1622169080745,"gmtModify":1704180778084,"author":{"id":"3581993357014262","authorId":"3581993357014262","name":"Slee49","avatar":"https://static.tigerbbs.com/a4a9c556617a3ec3446f5c1c667b4aa0","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1,"idStr":"3581993357014262","authorIdStr":"3581993357014262"},"htmlText":"Online sales are extra good during this period&nbsp;","listText":"Online sales are extra good during this period&nbsp;","text":"Online sales are extra good during this period","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135511886","repostId":2138817946,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":135532161,"gmtCreate":1622168658453,"gmtModify":1704180767817,"author":{"id":"3584655084310997","authorId":"3584655084310997","name":"TSENR3","avatar":"https://static.tigerbbs.com/02c7cd50655930bda46aef01d6a5ad53","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584655084310997","authorIdStr":"3584655084310997"},"htmlText":"online sales Will continue to soar.&nbsp;","listText":"online sales Will continue to soar.&nbsp;","text":"online sales Will continue to soar.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/135532161","repostId":2138817946,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4491647,"gmtCreate":1622250439570,"gmtModify":1680791709763,"authorId":3584655084310997,"author":{"id":3584655084310997,"idStr":"3584655084310997","authorId":3584655084310997,"name":"TSENR3","avatar":"https://static.tigerbbs.com/02c7cd50655930bda46aef01d6a5ad53","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.02.15","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":135532161,"type":1,"supId":0,"prevId":0,"content":"[得意] [得意] [得意] [得意] [得意]","text":"[得意] [得意] [得意] [得意] [得意]","html":"[得意] [得意] [得意] [得意] [得意]"}],"langContent":"EN"},{"id":135597096,"gmtCreate":1622168305115,"gmtModify":1704180758798,"author":{"id":"3582764273979695","authorId":"3582764273979695","name":"WCS1981","avatar":"https://static.tigerbbs.com/f98e28d5b1695429dd1657ecc78f93f5","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3582764273979695","authorIdStr":"3582764273979695"},"htmlText":"Will buy some when it drop more[Miser]&nbsp;","listText":"Will buy some when it drop more[Miser]&nbsp;","text":"Will buy some when it drop more[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/135597096","repostId":2138817946,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4479300,"gmtCreate":1622168893221,"gmtModify":1680791491609,"authorId":3584655084310997,"author":{"id":3584655084310997,"idStr":"3584655084310997","authorId":3584655084310997,"name":"TSENR3","avatar":"https://static.tigerbbs.com/02c7cd50655930bda46aef01d6a5ad53","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 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