Costco's Q3 revenue up 21.5% to $45.3 billion

Thursday, 27. May 2021 22:18

Costco Wholesale Corp. unveiled on Thursday that its total revenue for the third quarter of fiscal 2021 climbed to $ 45.3 billion a 21.5% increase compared to the same period last year. Net sales for the quarter jumped 21.7% year-on-year to $44.4 billion.

Diluted earnings per share (EPS) surged 45.5% per annum to $2.75, while net income increased from $838 million to $1.22 billion. Comparable sales and e-commerce sales for the quarter increased year-over-year 20.6% and 41.2% respectively.

Costco shares were down 1.13% in the after-hours trading session following the release of the earnings report.

Related Links: Costco Wholesale Corporation
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Breaking the News / OL