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Costco had higher-than-expected Q4 results

Miguel A. Rodriguez
Miguel A. Rodriguez
25 September 2020
Costco reported the most considerable sales growth in two decades

The American retail giant, Costco, released the figures for the fourth fiscal quarter. The results came higher-than-expected, being driven by the shoppers who stocked up during the pandemic. 

For the quarter, it had earnings of $1.39 billion, or $3.13 per share. The sales figures went up 12.5% from last year’s $47.5 billion to $53.4 billion. It beat the $52.1 billion consensus. 

Costco same-store sales grew 11.4% - the most significant year-over-year gain in two decades. For the full year, same-store sales added 9.2%, the highest growth rate since 2004.

The full fiscal year ended with a 9.3% increase in revenue to $163.2 billion from last year's $152.7 billion. Costco's net income was $4 billion, from a previous $3.66 billion.

Following the report, in after-hours trading, Costco stock price fell more than 2%. Since January 1st 2020, the Costco stock has returned 18.7%, while USA500 1.6%.  

Read more about how other retailers performed during the pandemic here!


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.