Costco reports Q4 revenue at $62.7B, up 17% YoY

Thursday, 23. September 2021 22:18

Costco Wholesale Corp. announced on Thursday its revenue in the fourth quarter of fiscal 2021 increased 17% per annum to land at $62.68 billion, with net sales climbing 18% and membership fees 11%. Operating income was up 18% year-over-year at $2.28 billion, while net income grew 20% to $1.67 billion. Earnings per diluted share were $3.76.

For the whole fiscal year, net sales advanced 18% to $192.05 billion, while net income stood at $5.01 billion, or $11.27 per diluted share.

Per segment, adjusted sales rose 10% in the Q4 in the United States, 7% in Canada and other international, while e-commerce reported a 9% gain.

Related Links: Costco Wholesale Corporation
Author:
Breaking the News / MD