“Costco Stock Climbs After Earnings Beat, $15 Dividend Payout; Analysts Raise Price Targets”
December 20, 2023
“…The retailer reported a 16.6% increase in earnings to $3.58 per share on 6.2% revenue growth to $57.8 billion in revenue. FactSet analysts expected 11% earnings growth to $3.41 per share on $57.79 billion in revenue.
Net sales rose 6.2% to $56.72 billion while membership fee revenue jumped 8.2% to $1.08 billion. Costco’s adjusted comparable sales, which exclude impacts from gas prices and foreign exchange, rose 3.9% companywide. E-commerce comparable sales increased 6.1%. U.S. comparable sales rose 2.6%, trailing the 8.2% increase in Canada and the 7.1% gain internationally…”
https://www.investors.com/news/costco-stock-breaks-out-to-new-highs-ahead-of-earnings/?src=A00220