Costco Reports Strong Q3 Earnings with 9% Revenue Growth
Thursday, 30 May 2024, 20:18
Costco Reports Strong Q3 Earnings
Costco Wholesale Corporation (NASDAQ: COST), which operates a chain of membership warehouses, Thursday reported higher earnings and sales for the third quarter. The numbers also came in above estimates.
Key Highlights:
- Revenue Surge: Q3 revenues increased to $58.52 billion, up from $53.65 billion in 2023.
- Exceeding Expectations: The figures topped estimates, reflecting Costco's solid performance.
- Comparable Store Sales: Total comparable store sales grew by 6.6% during the quarter, indicating strong customer demand.
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