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2021-05-28

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Costco misses quarterly estimates as online sales ease

Costco Wholesale Corp. late Thursday reported lower-than-expected profit and sales for its fiscal th

Costco misses quarterly estimates as online sales ease

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At the height of pandemic-fueled stockpiling, Costco online sales soared, including a 65% jump in the third quarter of 2020.</p><p>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&amp;P 500 index .</p><p><img src=\"https://static.tigerbbs.com/f18551ab5bf4a6974cd03d36aecb07da\" tg-width=\"662\" tg-height=\"466\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COST":"好市多"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138817946","content_text":"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. 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