In This Article:
Investing.com -- Costco reported Thursday mixed fiscal second-quarter results after earnings missed estimates even as cash-strapped consumers turned to bulk-buying, boosting sales.
Costco Wholesale Corp (NASDAQ:COST) fell 1% in afterhours trading following the news.
For the three months ended Feb. 16, the big box retailer reported earnings per diluted share of $4.02, missing estimates for EPS of $4.11, while revenue of $63.72 billion, topped forecasts of $63.08 billion.
Comparable sales, including gas and currency changes, increased by 6.8% in the 12 weeks ended on Feb.16.
Related Articles
Costco reports mixed fiscal Q2 results as earnings fall short of estimates
US agency blocks vote to repeal California EV rules
Bain and CC Capital enhance Insignia buyout offers to $2.2 billion - Bloomberg